Appointment of Receiver in Chapter 11 Bankruptcy
Representation of Strategica Capital and certain related parties ("Strategica") in the chapter 11 case filed by Mark Ginsburg, a shareholder in National Laboratory Services, Inc. ("NLS"). On behalf of Strategica, we asserted claims seeking to enforce the shareholders agreement and consulting agreement under which Ginsburg and NLS were in default, and we defended against numerous claims asserted by Ginsburg. As of the petition date, NLS had an estimated aggregate equity value of over $40 million. We successfully obtained the appointment of a receiver for NLS in order to attempt to preserve equity value by pursuing a sale of NLS, pending the resolution of other litigation between the parties.
Successful representation of California bank in complex mortgage foreclosure debt recovery action through state court and bankruptcy court in the Southern District of Florida, which resulted in the criminal indictment of the borrower's principal for bank fraud.
Representation of LNR Partners, the largest special servicer of commercial mortgage-backed securities (CMBS) loans in the country. LNR services 145 pools of CMBS loans, totaling more than $220 billion in principal and relating to real property interests in all fifty states. We have handled over $4.2...
Debtors' counsel to Fontainebleau Las Vegas Holdings, LLC, and two of its affiliates in their chapter 11 cases in the Southern District of Florida. The debtors had over $2 billion of funded debt, had used $500 million of equity, and were prosecuting claims for $800 million in unpaid additional finan...