Successful Resolution of $150 Million Construction Defect and Consumer Fraud Class Action

Homebuilder
Representation of a leading national homebuilder in resolving a class action that ultimately saved the client nearly $150 million in anticipated damages and attorneys' fees. Our team, which was engaged after critical unfavorable rulings had been made against the client, was able to successfully settle the case at mediation, for less than a third of what the court would have likely decided.
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Melissa Pallett-Vasquez

Melissa Pallett-Vasquez

Partner, International Group Co-Chair
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Experience
Representation of Oleta Partners, LLC, a joint venture comprised of affiliates of the LeFrak Organization and Turnberry Associates, in the successful negotiation of the long-term ground lease and complicated leasehold financing for a 185-acre brownfields redevelopment site in the City of North Miami...
Experience
Oversaw the servicing of over $6 billion worth of hotel loans involving sales and loan assumptions, restructurings, mergers, deeds-in-lieu of foreclosure, forbearances and other workouts, changes in franchises/ flags, operating/ master lease issues, private equity takeovers, changes in management, e...
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