Successful Settlement of Indemnification Claims
Representation of a leading financial services company defending against claims for substantial damages, plus interest and attorneys’ fees, related to contractual repurchase and indemnification obligations tied to residential mortgage-backed securities. Obtained highly favorable settlement on behalf of client.
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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...
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.
Defense of a national savings bank against a $25 million contractual indemnification lawsuit filed in federal court in New York City. The lawsuit involved mortgage-backed securities and claims by the plaintiff of misrepresentations by our client regarding a portion of the assets that were securitize...