$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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Enza G. Boderone
Of Counsel
Philip R. Stein
Practice Group Leader, Trial & Litigation
Kenneth Duvall
Partner & Assistant General 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 LV Lending LLC and its affiliates as lender or preferred equity investor in connection with the origination, servicing, and modification of over $100 million worth of mortgage loans and preferred equity investments.
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