Work Highlights
- Former executives in a breach of contract action in federal court in New York against Nikko Asset Management and its CEO alleging a scheme to deprive the former employees of their rights under share appreciation rights plans. The CEO resigned shortly after Kasowitz filed papers describing the CEO’s conduct.
- Real Estate Investments Developers in obtaining a $1.25 million settlement relating to a real estate dispute arising from REID’s termination of its agreement to sell land along the New Jersey shore to SAMTD Acquisitions Cooper Avenue Urban Renewal after SAMTD failed to obtain certain governmental approvals. SAMTD sought to force the sale of the property to it, or, in the alternative, $35 million in damages. With the resolution of the dispute, the City of Long Branch approved REID’s project to develop the property.
- MF Global Holdings, a former global financial derivatives broker, in a $3 billion lawsuit against its outside auditor, PwC, which settled during trial.
- Bondholder in connection with Puerto Rico’s debt adjustment proceedings and related litigation against stakeholders and bond trustee.
- Teva, the global pharmaceutical company headquartered in Israel, and its US subsidiary Actavis, in defending a number of antitrust class actions.
- A hedge fund in a dispute against a multi-billion dollar hedge fund arising out of a failed trade of distressed debt.
- MBIA, one of the world’s largest monoline insurers, in litigation brought by 18 of the world’s largest banks seeking to overturn MBIA’s corporate restructuring which, with the approval of the New York Department of Insurance, established a separate company for MBIA’s municipal bond insurance business. After a several-week evidentiary proceeding, the New York Supreme Court upheld MBIA’s restructuring, and MBIA received $1.7 billion in cash and a $500 million line of credit for its municipal bond insurance business.
- A lender in a dispute with The Royal Bank of Scotland relating to Liverpool Football Club, which was sold to a group led by the owner of the Boston Red Sox.
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