Special Litigation Counsel for Bankruptcy Estate Trustee

Bankruptcy Estate Trustee

Representation as special litigation counsel for a trustee suing various entities who claimed to be secured debtholders owed money by the bankruptcy estate of a large financial services company. After years of litigation and extensive discovery, produced settlements whereby the defendants renounced their claims to be secured debtholders, agreed to recharacterization of their proofs of claim in the bankruptcy proceedings, and paid settlement sums into the bankruptcy estate's accounts. In total, this result equated to more than $60 million in recovered value for the bankruptcy estate.

Philip R. Stein
Practice Group Leader, Trial & Litigation
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...
Defense of ten loan originators and sellers in the RFC and ResCap Liquidating Trust Litigation. More than eighty suits comprising the consolidated action were brought by the successor to one of the largest private purchasers of mortgage loans, seeking repurchase and indemnification arising out of th...
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 ...