Successful Settlement of RMBS Claims for Mortgage Companies
National Mortgage Companies
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 value sought by the FDIC.
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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...
Representation of a Miami-based private lender in connection with various court proceedings involving foreclosure on a $23 million property in Miami, Florida. Successfully guided client through proceedings in Florida state court, bankruptcy court, and ultimately on appeal, securing client’s title to...
Representation of Lincoln Pointe Apartments, a joint venture between Tarragon and Sheafor Development, regarding a judicial challenge of the City of Aventura's denial of Lincoln Pointe's vested rights determination and site plan approval. After litigation ensued, the City of Aventura approved the 28...