f r a n c i s c f l o o d plc
email: fflood@lebowgerlach.com
direct: 248.819.7201
Frank Flood has been a business and regulatory attorney since 1983. He divides his practice
between regulated and non-regulated clients, counseling them in business, mergers and
acquisitions, regulatory, real estate, insolvency and litigation matters.
Business Counsel
Throughout his career, Mr. Flood has represented non-regulated clients in mergers and
acquisitions, business formation and planning, contracting, creditors' rights, commercial and
residential lending and real estate, corporate, and administrative law, and commercial litigation.
His business and commercial real estate clients represent a wide range of industries, including
health care, real estate lending and development (commercial and residential), medical
equipment, building and contracting, petroleum marketing, construction, technology,
transportation and trucking, financial services companies other than insurers (banks, credit
unions, broker-dealers, and investment advisors), automobile and equipment leasing companies,
restaurants and taverns, restaurant and auto repair franchisees, retail stores, bowling centers,
and non-profit businesses. For many of these businesses Mr. Flood served as their general
counsel, handling all of the legal matters the clients encountered. For other clients, he handled
transactions or particular projects.
In addition to business matters, Mr. Flood has extensive litigation experience, particularly in
business bankruptcies and white-collar fraud cases. He has represented receivers, creditors, and
insurers and their officers, directors and agents in insolvency cases. He has advised clients
buying assets from insolvency estates. Notably, Mr. Flood was an attorney for the Chapter II
trustee in a well-publicized collapse of a Michigan-based mortgage lender, which included
double-assigned mortgages, fraudulent securitizations, intervention from state and Federal
authorities, a large deteriorating servicing portfolio, commingling of monies between affiliates,
litigation against hundreds of parties, and a labyrinth of financial transactions between debtor and
affiliates. He worked on other mortgage fraud matters, as well as a number of cases for a variety
of clients involving fraudulent tax shelters, coal mining and natural gas programs, and other
securities and investment fraud cases. In related field, Mr. Flood has extensive experience in
securities arbitration, working on cases through FINRA (formerly the NASD), representing
customers, broker-dealers, and individual registered representatives, as well as serving as a
securities arbitrator for over fifteen years.
Insurance Corporate & Regulatory
Mr. Flood has represented insurance industry clients in regulatory, business and insolvency
matters since 1987, practicing in front of the Michigan Department of Insurance & Financial
Services and most other state insurance departments. He has assisted clients on a range of
regulatory matters, including change of control/Form A filings, insurer and producer licensing,
UCAA, formations of new insurers, surplus lines applications, holding company registrations and
transactions, privacy, terrorism, and relicensing. He has represented organizers of captive
insurance companies, and formed both offshore and domestic captives. Mr. Flood acted as U.S.
counsel for the receiver of an alien insurance company system that owned solvent and insolvent
U.S. insurers. He has litigated against auditors and other service providers of insolvent insurers
and represented receivers in pursuing assets and in reinsurance litigation.
While insurance company general counsel, he organized his company's corporate legal
department, and was primarily responsible for all compliance and corporate legal matters. He has
negotiated and closed the purchase and sale of insurance companies and books of business,
reinsurance treaties, fronting agreements and agency agreements.
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Areas of Practice
 | | Insurance Corporate & Regulatory
| | | Business Counsel
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Member of or Active In
| | State Bar of Michigan
| | | American Bar Association
| | | International Association of Insurance Receivers
| | | Insurance Institute of Michigan
| | | Life Insurance Association of Michigan
| | | Michigan Association of Health Plans
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Admitted to Practice
| | Admitted to Practice in the State of Michigan (1983)
| | | U.S. District Court for the Eastern District of Michigan (1983)
| | | U.S. District Court for the Western District of Michigan | | | (1986)
| | | U.S. Sixth Circuit Court of Appeals (1985)
| | | U.S. Supreme Court (2001)
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Education
| | University of Michigan Law School, J.D., 1983
| | | University of Michigan, B.A., with distinction, 1980
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Speaker
| | Michigan Association of Certified Public Accountants, 2005 | | | - "Fraud Awareness Symposium: The Law of Fraud"
| | | Michigan Association of Certified Public Accountants, 2006 | | | - "Fraud Awareness Symposium: Actively Fighting Business
Fraud"
| | | Insurance Institute of Michigan, 2006 - "Claims Seminar"
| | | Insurance Institute of Michigan, 2007 - "Claims Seminar"
| | | Walsh College, 2007 - "Exit Strategies for Closely Held | | | Companies: Buy-Sell Agreements"
| | | Michigan Society of Association Executives, 2010 - | | | "Insurance and Association Operations"
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