Results

$100 million settlement

of aiding and abetting claims brought by a bankruptcy trustee of a failed sub-prime lender against several Wall Street investment banks that had extended warehouse financing and had served as underwriters for the failed lender’s securitization of sub-prime mortgages. The case – filed in 2006 – was one of the first to come to trial in state court arising out of the melt-down of the sub-prime mortgage industry.

$20 million settlement of claims

brought by a bankruptcy trustee against the former counsel of the debtor.

$16.5 million settlement

of claims brought by a bankruptcy trustee against former officers and directors of the debtor.

$52.5 million settlement

of claims brought by a bankruptcy trustee against former insiders.

$24 million judgment

in a lender liability action against a large national bank.

$17.5 million settlement

of claims brought by a bankruptcy trustee against the former auditor of the debtor.

$15 million settlement

in a dispute involving a failed joint venture in a foreign country.

A $8 million settlement

of lender liability claims brought by a bankruptcy trustee against the debtor’s former lender.