Successful Settlement of Indemnification Claims
Financial Services Company
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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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 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.