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Defense of Bank in Breach of Purchase and Sale Contract Dispute

National Bank

Defense against contractual indemnification claims by Residential Funding Company LLC, the successor to a major financial services company, which went bankrupt in 2012, in seeking indemnification against dozens of companies, post-bankruptcy. The case included cutting-edge legal issues such as indemnification, causation and materialization, as well as issues regarding which contract applies, and successor liability. This high-stakes, high-profile case was resolved for client on favorable but confidential terms.

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Philip R. Stein

Philip R. Stein

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Shalia M. Sakona

Shalia M. Sakona

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Kenneth Duvall

Kenneth Duvall

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Adrian K. Felix

Adrian K. Felix

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Ilana Drescher

Ilana Drescher

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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 th...
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...
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