Fred Rosen et al. v. First Winthrop Corp et al.

William J. Dyer

Case Conclusion Date:May 18, 1990

Practice Area:Debt & Lending Agreements

Outcome:Negotiated Prudential's dismissal for $0

Description:Lead counsel for The Prudential Insurance Company of America in a multi-defendant lender liability case arising out of the restructuring of a $165 million mortgage and long-term lease on a downtown Houston office tower, the First City Financial Center. Although the plaintiffs sought more than $300 million in actual and punitive damages, and eventually obtained a jury verdict for tens of millions against the remaining co-defendants whom I had not represented, The Prudential was dismissed with prejudice in May 1990 — without paying anything.