Plan Administrator and Litigation Trustee for Lernout & Hauspie Speech Products N.V.
Plan Administrator and Litigation Trustee for Lernout & Hauspie (L&H)
Served as Plan Administrator and Litigation Trustee of Lernout & Hauspie Speech Products N.V., formerly one of Belgium's largest companies that filed for bankruptcy in the United States after the revelation of a multibillion-dollar fraud perpetrated by the founders of the company. Responsible for the disposition of the company's remaining assets and the prosecution of litigation claims.
Related Practices
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Representation of B piece and special servicer clients, handling in excess of $130billion in 2.0 CMBSsecuritizations.
Handled billions of dollars in distressed debt related to modifications, extensions, forbearances, discounted payoffs, and deeds in lieu of foreclosure.
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.