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Gregory Sachnik is a member of the Class and Derivative Actions and Commercial Litigation Client Service Groups. Immediately prior to joining the firm, Mr. Sachnik served as Senior Vice President and Assistant General Counsel for a Fortune 500 bank holding company where he handled mortgage and insurance cases and class actions. He was the Group Leader for the Mortgage Fraud and Joint Venture litigation sections. 

Mr. Sachnik has dealt with virtually all types of financial services products, including prime and sub-prime mortgages, construction loans, reverse mortgages, consumer loans, auto loans, as well as insurance policies covering life, disability, health, home, and auto. He has handled cases alleging a wide variety of claims, including TILA, RESPA, usury, breach of contract, fraud, breach of fiduciary duty, elder abuse, broker fraud, deceptive trade practices, unfair competition, bad faith, conversion, wrongful foreclosure, fair debt collection, credit reporting, automatic stay violations, lien and title disputes, forgeries, and violations of state statutes.

Civic Involvement & Honors

    • Collin County Corporate Counsel Pro Bono Committee, 2006-2013
    • Texas Pro Bono Coordinator, Countrywide Home Loans, 2006-2008
    • Volunteer for Legal Aid of Northeast Texas
    • Our Lady of Angels Catholic Church Men's Club
    • Volunteer for Legal Aid of Northeast Texas
    • Our Lady of Angels Catholic Church Men's Club
    • Our Lady of Angels Catholic Church Men's Club
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Professional Affiliations

    • State Bar of Texas
    • State Bar of Tennessee
    • State Bar of Tennessee
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Representative Experience

  • Talbot v. Countrywide Home Loans, Inc., 974 So.2d 588 (2nd Dist Fla. 2008) (putative class action alleging improper charging of prepayment penalties; summary judgment affirmed);
  • Krupa v. LandSafe, Inc., 514 F3d 1153 (11th Cir. 2008) (putative class action alleging the charge for credit report fees violated RESPA; summary judgment affirmed);
  • Gonczi v. Countrywide Home Loans, Inc., 2008 US App LEXIS 7239 (11th Cir.3/31/2008) (unpublished) (putative class action alleging document preparation was the unauthorized practice of law; dismissed based on lack of standing/jurisdiction, affirmed on appeal);
  • In re American General Finance, Inc. Credit Insurance Litigation, 217 F.Supp2d 1374 (J.P.M.L. 2002) (Panel declined to order centralization where all actions are pending in adjacent federal districts within one state);
  • Paschen v. American General Finance, Inc., 296 F.3d 1203 (11th Cir. 2002), cert. denied 537 U.S. 1097 (2002) (cramdown issues in Chapter 13 bankruptcy);
  • Provident Bank v. Morequity, 585 S.E.2d 625 (Ga. App. 4th Div. 2003) (purchaser not a holder in due course of note);
  • American General Financial Services, Inc. v. Davis, 284 F.Supp.2d 455 (S.D. Miss. 2003) (FAA action to compel arbitration);
  • American General Finance, Inc. v. Rodgers, 2004 Miss LEXIS 1303 (Miss. S.Ct. Oct. 14, 2004) (reversing the denial of summary judgment in flipping and packing case);
  • In Re Arbitration between American General Financial Services, Inc. v. Miller, Cause No. 82A01-0406-CV-260 (In. Ct. App. Jan. 14, 2005) (action to compel arbitration improperly dismissed by trial court on grounds of comity);
  • Smallwood v. Illinois Central R.R. Co., 385 F.3d 568 (5th Cir. 2004) (en banc) (assisted amici curiae American Financial Services Association, American Insurance Association and Chamber of Commerce of the United States in briefing improper/fraudulent joinder issues);
  • Provident Life & Accident Ins. Co. v. Sharpless, 364 F.3d 634 (5th Cir. 2004) (material misrepresentations in application for insurance policy allowed insurer to rescind policy and recover benefits paid under the policy);
  • Fina Oil & Chemical Co. v. Ewen, 123 F.3d 1466 (Fed. Cir. 1997) (patent inventorship issues);
  • Purina Mills, Inc. v. Odell, 948 S.W.2d 927 (Tex. App. - Texarkana 1997, writ denied) (products liability).

Speaking Engagements

  • "The Latest on Reverse Mortgage Litigation: Targeting Practices, Fraud and Confusion and CFPB Developments," ACI's 21st Residential Mortgage Litigation and Regulatory Enforcement conference, Sept. 27, 2016
  • "How Corporate Counsel are Managing Consumer Finance Claims, Class Actions and Compliance Challenges," ACI Consumer Finance, Class Actions & Litigation, July 29,2013
  • "Process is Forever: What the TD Bank Case has Taught Us," Discovery Symposium 5.0, May 15, 2013
  • “In-House Perspectives on Collaborative Law,” Dallas Bar Association, March 11, 2010
  • "In-House Perspectives on High Stakes Litigation in the Financial Services Industry," High Stakes Financial Services Lending and Litigation Issues Symposium, May 24, 2006