Special Litigation Counsel for Bankruptcy Estate Trustee of Large Financial Services Company

Bankruptcy Estate Trustee
Representation as special litigation counsel for a trustee suing various entities who claimed to be secured debtholders owed money by the bankruptcy estate of a large financial services company. After years of litigation and extensive discovery, produced settlements whereby the defendants renounced their claims to be secured debtholders, agreed to recharacterization of their proofs of claim in the bankruptcy proceedings, and paid settlement sums into the bankruptcy estate's accounts. In total, this result equated to more than $60 million in recovered value for the bankruptcy estate.
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Scott L. Baena

Scott L. Baena

Senior Special Counsel
Jay M. Sakalo

Jay M. Sakalo

Partner, Business Finance & Restructuring and Corporate Practice Group Leader
Philip R. Stein

Philip R. Stein

Partner, Litigation Practice Group Leader
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Experience
Representation of B piece and special servicer clients, handling in excess of $22 billion in new securitizations in 2013-14.
Experience
Representation of bankruptcy estate trustee in the resolution of claims by a major U.S. bank that claimed it was owed indemnification of approximately $1.75 million by our client with respect to a number of individual residential mortgage loans that client had sold to the bank. Demonstrated the abil...
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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