looked like I was going to be sued around 1990 by a bank that was defrauded by a client for 3 million dollars
turned out the client had a massive cocaine problem and was spending money recklessly
at the end of the day, the evidenced showed they never relied on my work before making the loan and if they had relied on my work, they don't lend 3 million dollars. I may have also been helped by the fact that I spoke to the client's father about cash flow problems and about how he's spending too much money while I was advising him to leave the cash in the business. I suggested he take a pay cut until the business is on more solid ground, instead he buys a million dollar yacht and two new 70k cars and needs far more cash than ever.
The bank tried every angle, including calling me a quasi-comptroller. Although they sent numerous threatening letters and reviewed our files and deposed at least 20 other people, they never even deposed me.
Our insurance company said they would settle the case for 100k, because that's how much it would cost for them to depose everyone, but they thought we would be fine.
Two years later I left the firm, and never heard anything about the case again.