Cedar Rapids Bank & Trust Co. v. Mako One Corporation

ERICKSON, Circuit Judge.

In August 2013, Mako One Corporation ("Mako") acquired the historic Badgerow Jackson Building in downtown Sioux City, Iowa, intending to restore it using state and federal historic tax credits. To help finance the $ 17 million restoration project, Mako prepared a tax credit bond offering of $ 6 million. Mako retained the law firm of Winthrop & Weinstine ("Winthrop") to draft the tax credit bond. Nine months later, Cedar Rapids Bank and Trust Company ("CRBT") retained Winthrop to represent it in connection with the Badgerow building tax credit project. In April 2017,…