On September 21, 2023, Judge Engelmayer of the S.D.N.Y, issued a decision in Ambac Assurance Corporation v. U.S. Bank, 17 Civ. 2614 (PAE) (KHP), holding that where the servicer and originator were the same, the originator’s failure to cure defective loans was a servicer failure to perform event of default. Continue reading Where Servicer and Originator Were the Same, Originator’s Failure to Cure Defective Loans Constituted Servicer Failure to Perform Event of Default
We help investors recover losses incurred because of the misconduct of structured finance product issuers and trustees and in proceedings relating to the interpretation and implementation of the agreements governing such products. Our representations include litigation against trustees and the negotiation of payment disputes with trustees and servicers.
We represent plaintiffs and defendants in high-stakes commercial litigation, including disputes over complex business arrangements, antitrust violations, and employment of senior executives. We also act as separate counsel for officers and directors in regulatory and internal investigations.
Our practice’s deep connection to the financial markets–both through structured finance disputes and our focus on antitrust disputes relating to the financial markets–leaves us well positioned to represent whistleblowers in that area.