Defeat of Contractual Indemnification Claim

Finance of America Mortgage, LLC

Representation of Finance of America Holdings in successfully dismissing with prejudice cases seeking contractual indemnification in excess of $2 million, part of the wider high-profile bankruptcy proceeding of Lehman Brothers.

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Philip R. Stein
Practice Group Leader, Trial & Litigation
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Experience
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...
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...
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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