$270 Million Breach of Contract and Indemnification Litigation
Mortgage Company
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 Brothers sought recourse for new lawsuits in the Southern District of New York. Over 100 companies are being sued by the plaintiff in similar indemnification lawsuits in extremely high-stakes cases stemming from the largest U.S. bankruptcy.
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