The Duty to Preserve Evidence: The High Cost of Electronic Discovery and Even Higher Cost of Non-Compliance

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What may be surprising to many companies is that the obligation to preserve evidence arises long before a lawsuit is filed, and the costs for failing to do so can be staggering. In egregious cases, courts have entered judgment against litigants who failed to preserve, thereby preventing them from defending litigation on the merits. Litigants have also been ordered to pay the opposing party’s attorneys’ fees, which can be substantial in complex commercial litigation.

When must a bank preserve records? A common misconception is that formal legal process (i.e., service of a summons and complaint) triggers the duty to preserve evidence. In fact, the duty arises upon reasonable anticipation of litigation.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Lane Powell PC | Attorney Advertising

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