Representation of the court-appointed equity receiver over Vaccine & Gene Therapy Institute of Florida Corp. ("VGTI"), a non-profit, biomedical research institute established in 2008 with the assistance of a $60 million grant from the State of Florida’s Innovation Incentive Fund intended to anchor and drive the State’s expansion strategy for biomedical research. Construction of VGTI's state-of-the-art research facility in Port St. Lucie was funded by a mortgage loan from the City of Port St. Lucie, which was in turn funded by a $64 million bond issuance. In a general counsel role to the receiver, Bilzin Sumberg assisted in all aspects of the fulfillment of the receiver's duties including investigating the affairs of VGTI, managing and marketing VGTI's real property, and working with stakeholders in order to maximize of the recovery for creditors.
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.
Representation of major tax-exempt hospital system in connection with an Internal Revenue Service examination of its federal income tax returns. The coordinated four-year examination of the organization, which operated a group of hospitals and related out-patient facilities, presented many challengi...
Representation of LNR Partners, the largest special servicer of commercial mortgage-backed securities (CMBS) loans in the country. LNR services 145 pools of CMBS loans, totaling more than $220 billion in principal and relating to real property interests in all fifty states. We have handled over $4.2...