Counsel for Bankruptcy Estate Trustee in Resolution of Claims by Bank

Bankruptcy Estate Trustee

Representation of bankruptcy estate trustee in the resolution of claims by a major U.S. bank that claimed it was owed indemnification of approximately $1.75 million by our client with respect to a number of individual residential mortgage loans that client had sold to the bank. Demonstrated the ability to assert a number of strong defenses to the bank's claims. The case was settled favorably for client.

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Philip R. Stein
Practice Group Leader, Trial & Litigation
Rena Kelley
Of Counsel
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Experience
Defense of mortgage loan originators against claims brought throughout the country asserting over $500 million in cumulative damages. The cases were initiated by major financial institutions seeking repurchase of or indemnification for large volumes of residential mortgage loans sold before the 2008...
Experience
Representation of homebuilder captive mortgage company in litigation brought by the FDIC, demanding repurchase of or indemnification for mortgage loans sold to IndyMac Bank. The FDIC settled all loans at issue, as well as almost 2,000 other loans allegedly subject to breaches of representations and ...
Experience
Representation of mortgage company in its defense against a $270 million breach of contract and indemnification action. After defeats in similar cases in other federal and state courts, Lehman Brotherssought recourse for new lawsuits in the Southern District of New York. Over 100 companies are being...
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