Representation of liquidating receiver for MDI Holdings Inc., appointed by the Delaware Chancery Court. MDI is a health care technology and analysis company whose historical core business was to manage the provision of health care to inmates of federal prison facilities. At its height, the company employed over 200 employees and in 2009 exceeded $97 million in sales. The matter is unique because the company is being methodically liquidated by a receiver and not a trustee in bankruptcy. As a consequence, we have been involved in virtually every aspect of the liquidation process including: disengaging from third-party provider agreements with the Bureau of Prisons; the sale of the company's sophisticated software platform; termination and resolution of claims by and against employees; resolution of numerous litigation claims by and against the company; agreements with the secured lender concerning the use of cash and other collateral; and director and officer claims management.
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...
Defense of ES Bankest's former general counsel in the bankruptcy commenced by the ES Bankest's court appointed receiver resulting from the largest bank fraud ever committed in the Southern District of Florida. The centerpiece of the chapter 11 case was a $170 million lawsuit against our client and o...
Bankruptcy counsel to the State of Florida Department of Financial Services, which served as the Receiver of the Aries Insurance Company, Inc., whose principals were indicted on charges of criminal fraud.