There are several things you should do after learning that your company has been sued, regardless of whether the allegations in the Complaint are true or completely fabricated. First, you should contact Shield Law to determine if you can settle the matter. Second, contact your insurance company to determine if the matter is covered by your insurance policy.

If your company has been sued for debt owed by the business, you should contact Shield Law to help settle or defend against creditors seeking to collect on debt, interest on debt, late fees, and attorneys’ fees.

If your company has purchased an insurance policy that covers the type of claim made against your company, your insurance company should hire an attorney who will represent your company and defend it. If your company does not have insurance that covers the type of allegations made in the Complaint, you should, as quickly as possible, contact an attorney with experience in litigation.

Other things you should do include taking steps to preserve evidence that has any chance of being relevant or related to the lawsuit. Depending on the nature of the lawsuit, other steps or actions may be appropriate. An attorney will provide more details regarding this process.

Do Not Ignore the Complaint or Try to Represent Your Company

Once a Complaint is on file, ignoring the problem and hoping the dispute will blow over is no longer a viable option.

The plaintiff can take a variety of actions to collect a default judgment, including foreclosing on real estate owned by your company and freezing company bank accounts. These actions can obviously disrupt business and cause significant adverse consequences.

Take the Complaint Seriously

Whoever filed a lawsuit against your company takes the matter seriously. You should too. Contact Shield Law right away and protect the company you worked so hard to build. Failure to respond timely and in accordance with the Trial Rules can lead to a default judgment and ultimately, a money judgment against your company.  This judgment, even if based on facts that you believe are false or incomplete, is enforceable, and it may be too late, even with a lawyer’s assistance, to undo the judgment and successfully argue that the plaintiff’s claims lack merit.