Kasowitz Benson Torres partners Michael A. Hanin and Uri A. Itkin are quoted in Asset-Backed Alert’s article “Libor Talks Keep Trustees at Bay” concerning how trustees may seek guidance from the courts on the appropriate process for choosing replacement benchmark rates for asset-backed securit...
Kasowitz Secures Trial Victory In Long-Standing RMBS Put-Back Action for MBIA Insurance
In a decision issued on November 30, 2020, Justice Jennifer G. Schecter of the Supreme Court of New York, New York County, has held that, during a two-week bench trial capping over ten years of litigation, Kasowitz Benson Torres, on behalf of client MBIA Insurance, proved that Credit Suisse breached its representations and warranties to MBIA concerning a failed residential mortgage-backed securitization Credit Suisse sponsored and MBIA guaranteed and is liable to MBIA for damages, which we expect will amount to over even the $680 million Credit Suisse itself has acknowledged.
Kasowitz’s Website Wins Two Corporate Content Gold Awards
Corporate Content Awards North America has recognized Kasowitz Benson Torres’s website by awarding Kasowitz and its design agency, Living Group, 2020 Gold Awards for Best Use of a Visual Property and Best Branded Content Site.
Kasowitz Prevails in Significant Appeal for Manhattan Luxury Condo Building Owner
In another victory in a long running series of lawsuits related to an ongoing Manhattan development project, Kasowitz Benson Torres has prevailed in a significant appeal for the owner of the iconic 90-story, luxury condominium building going up at 111 West 57th Street in Manhattan.
Kasowitz Retained to Represent Official Committee of Equity Security Holders in Garrett Motion Chapter 11 Bankruptcy Case
Kasowitz Benson Torres has been retained to represent the Official Committee of Equity Security Holders in the widely publicized Chapter 11 bankruptcy case of Garrett Motion, a leading auto parts manufacturer, in the U.S. Bankruptcy Court for the Southern District of New York.
Law360 Names Kasowitz Practice Group of the Year for Structured Finance
Kasowitz Benson Torres has been recognized as a 2020 Practice Group of the Year for Structured Finance by Law360, which honors the law firms behind the litigation wins and major deals that resonated throughout the legal industry in the past year.
Kasowitz Files Preliminary Injunction against the State of Colorado to Prevent Enforcement of Minimum Cigarette Price Requirement
On November 20, 2020, Kasowitz Benson Torres, on behalf of discount cigarette manufacturers Liggett Group and Vector Tobacco and deep discount manufacturer Xcaliber International and a Colorado citizen and cigarette smoker filed a motion for a preliminary injunction against the State of Colorado in the United States District Court for the District of Colorado to enjoin Colorado from enforcing its recently enacted minimum cigarette price requirement, which would drastically raise retail discount cigarette prices for Colorado consumers to premium brand levels.
Webinar: Covid-19, the CARES Act, and the Impact on Commercial Real Estate
Kasowitz Benson Torres real estate litigation partner Paul “Tad” M. O’Connor and Douglas B. Heitner, Chief Legal Officer of iStar, will be presenting a webinar on “Covid-19, the CARES Act, and the Impact on Commercial Real Estate,” as part of Practising Law Institute’s 22nd Annual Real Estate Institute.
Clarine Nardi Riddle Receives Indiana University Bicentennial Medal
Indiana University has awarded Kasowitz Benson Torres counsel Clarine Nardi Riddle the Indiana University Bicentennial Medal, which recognizes organizations and individuals who, through their personal, professional, artistic, or philanthropic efforts, have broadened the reach of Indiana University around the state, nation, and world.