Defense of Major Bank in Fraudulent Transfer Adversary Action

Major Bank
Representation of one of the largest banks in Florida in defense of a fraudulent transfer adversary action brought by a chapter 7 trustee before the United States Bankruptcy Court for the Southern District of Florida. The trustee alleged that our client received avoidable transfers in excess of $80 million arising from payments made to or on account of loans and lines of credit in the name of principals of the debtors or their affiliates.
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Jay M. Sakalo

Jay M. Sakalo

Partner, Business Finance & Restructuring and Corporate Practice Group Leader
Jeffrey I. Snyder

Jeffrey I. Snyder

Partner, Assistant General Counsel
Lori Lustrin

Lori Lustrin

Partner
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Experience
Representation of B piece and special servicer clients, handling in excess of $22 billion in new securitizations in 2013-14.
Experience
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.
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