Successful Resolution of District Court Litigation for Defendants in Bankruptcy Dispute

Group of Defendants
Representation of a group of defendants in District Court litigation, emanating from the National Century Financial Enterprises bankruptcy, who were sued for close to $1 billion. The matter was ultimately settled for less than 20% of the claimed damages.
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Jay M. Sakalo

Jay M. Sakalo

Partner, Business Finance & Restructuring and Corporate Practice Group Leader
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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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