$270 Million Breach of Contract and Indemnification Litigation

Mortgage Company

Representation of mortgage company in its defense against a $270 million breach of contract and indemnification action. After defeats in similar cases in other federal and state courts, plaintiff sought recourse for new lawsuits in the Southern District of New York. Over 100 companies are being sued by the plaintiff in similar indemnification lawsuits in extremely high-stakes cases stemming from the largest U.S. bankruptcy.

Related Topics
Related Practices
RELATED PEOPLE
Enza G. Boderone

Enza G. Boderone

Of Counsel
Philip R. Stein

Philip R. Stein

Partner, Litigation Practice Group Leader
Kenneth Duvall

Kenneth Duvall

Partner
Luis M. Reyes

Luis M. Reyes

Associate
Brianna H. Sainte

Brianna H. Sainte

Associate
MORE EXPERIENCE
Experience

Defense of ten loan originators and sellers in the RFC and ResCap Liquidating Trust Litigation. More than eighty suits comprising the consolidated action were brought by the successor to one of the largest private purchasers of mortgage loans, seeking repurchase and indemnification arising out of...

Experience
Defense of mortgage loan originators against claims brought throughout the country asserting over $500 million in cumulative damages. The cases were initiated by major financial institutions seeking repurchase of or indemnification for large volumes of residential mortgage loans sold before the 2008...
VIEW MORE EXPERIENCE