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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Of Counsel
Partner
Partner & Assistant General Counsel
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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.
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.
Representation of two national mortgage companies in favorably settling multi-million dollar contractual indemnity claims against them brought by the Federal Deposit Insurance Corporation (FDIC), in its capacity as Receiver for Washington Mutual. The settled amount represented less than 20% of the v...