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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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Philip R. Stein

Philip R. Stein

Partner, Litigation Practice Group Leader
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Experience
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 ...
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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