Winter Park, FL
Litigation Lawyer at Winter Park, FL
Practice Areas: Litigation, Bankruptcy & Debt, Mediation
OUTCOME:
Lead counsel for the largest customer and creditor--one of the largest secondary mortgage lenders in the United States--in the bankruptcy case of the largest independent mortgage seller/servicer failur ... e in United States history. My client has over $50 billion in assets at stake and a claim in the bankruptcy case in excess of $1B.
OUTCOME: After 4 years of litigation with the Trustee of the bankruptcy estate of one of Florida's largest Ponzi schemers, the cases were settled, with my client paying $0 to the Chapter 7 Trustee and the cases being dismissed against my client, with prejudice.
These are the substantively-consolidated bankruptcy cases of most of the entities related to Louis J. Pearlman, the "boy band impresario" behind musical acts such as the Backstreet Boys and N'Sync. Mr ... . Pearlman, after going on the run, being caught in Indonesia and returned to U.S. custody, plead guilty to running a Ponzi scheme to the tune of approximately $350MM. He was sentenced to 360 months in federal prison. My client was a bank that made multiple loans to Mr. Pearlman and his various entities. Mr. Pearlman's Chapter 7 bankruptcy trustee sued my client in three separate adversary proceedings; as the lead bank in one case for approximately $9.3MM, and as a participant bank in two other cases, in which the trustee sought recovery of an aggregate amount of approximately $14.9MM.
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