Counsel for Bankruptcy Estate Trustee in Resolution of Claims by Bank
Bankruptcy Estate Trustee
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 ability to assert a number of strong defenses to the bank's claims. The case was settled favorably for client.
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Practice Group Leader, Trial & Litigation
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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...
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...
Representation of homebuilder captive mortgage company in litigation brought by the FDIC, demanding repurchase of or indemnification for mortgage loans sold to IndyMac Bank. The FDIC settled all loans at issue, as well as almost 2,000 other loans allegedly subject to breaches of representations and ...