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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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Kenneth Duvall

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Adrian K. Felix

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Ilana Drescher

Ilana Drescher

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Experience

Representation of mortgage company in defense against breach of contract and indemnity claims made by a division of another major national mortgage company. The plaintiff claimed to be owed in excess of $40 million in the aftermath of its settlements of complex securities suits filed against it b...

Experience
Representation of one of the country's largest special servicers regarding its consent to transfer all beneficial ownership interests in several borrowers to a company that became a publicly traded REIT pursuant to a $400 million IPO. The REIT owns over 1,000 properties leased to over 150 single pro...
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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