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Successful Resolution of Bankruptcy Litigation Involving California Condominium Developer

California Condominium Developer
Representation of a California developer of luxury condominiums regarding contracts for sale of three units. Buyer deposited nearly $1 million on the units, but did not close before an involuntary bankruptcy proceeding was filed against him in 2007. Trustee of buyer's estate sought to recover the full deposit from developer. After nearly 5 years, our team settled the case favorably.
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David W. Trench

David W. Trench

Partner, General Counsel
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Experience
Representation of real estate investors in limited partnership derivative suits. Investors sought millions of dollars in damages, based on the diminution of the value of their investment and lost opportunities.
Experience

Representation of debtor in possession in the chapter 11 case of Cabi Downtown LLC, the owner of an 849-unit condominium project owing over $250 million to a bank consortium, defaulting unit purchasers, trade creditors, and its general contractor. The case was the first large condominium filing i...

Experience

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.

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