Successfully Defended Universities in Fraudulent Transfer Litigation

University Defendants

Defense of Harvard University, Yale University, Princeton University, Washington University at St. Louis, and the University of Michigan in a fraudulent transfer lawsuit in the United States Bankruptcy Court for the Southern District of Florida. The claims arose out of our clients' position as limited partners in a real estate fund that invested in certain Florida real estate projects in the mid-2000s. In the lawsuit, the chapter 7 trustee sought to recover approximately $148 million from all of the defendants, including approximately $24 million collectively from our clients. In pre-trial motions, we successfully obtained dismissal of the claims against the University of Michigan on sovereign immunity grounds. Thereafter, we filed a motion to dismiss all other claims against our clients. The Bankruptcy Court granted our motion, dismissing our remaining clients with prejudice from the entire case.

Related Practices
Representation of B piece and special servicer clients, handling in excess of $130billion in 2.0 CMBSsecuritizations.
Representation of an energy company in its $9.45 billion all-cash acquisition of another energy company, resulting in the creation of the largest utility holding company in the United States.
Handled the sale of over 2,000 REOs, with aggregate purchase prices in the billions of dollars, through both the negotiation and closing of individual sales and the structuring and sale by auction of multiple properties. The largest was approximately $216 million, which was the sale of a major hotel...