Jennifer Recine’s practice focuses on complex civil litigations. Ms. Recine has represented private corporations and partnerships, publicly-traded companies and high-net-worth individuals in litigation involving RICO, fiduciary obligations, trusts and estates and other general commercial issues.
- Fairfax Financial Holdings Limited, a Canadian insurance holding company, in a New Jersey action arising out of a short-selling attack on Fairfax and its operating subsidiaries by a group of hedge funds and their operatives in collusion with certain purportedly independent securities analysts. Fairfax and its principal property and casualty insurance subsidiary have asserted claims under New Jersey's RICO statute and New Jersey common law seeking $6 billion in damages for the harm they suffered as a result of the attack.
- Allied Partners, Inc., and its principal, as the trustee/beneficiary of a trust holding hundreds of millions of dollars worth of interests in property in and around New York City in a New York County Surrogate Court proceeding brought by a terminated independent trustee. The firm successfully defeated all claims of a terminated trustee seeking reinstatement and removal of our client, and all efforts to limit our client’s rights and powers.
- Savoy Hotel Partners, LLC (“SHP”), the owner of the Savoy Hotel in Miami Beach, Florida, against a foreclosure action based on a $39.5 million loan to SHP. Kasowitz, on behalf of SHP, counterclaimed for fraud, conspiracy, breach of contract and violations of Florida’s racketeering statute against the bank. The Circuit Court for the Eleventh Judicial Circuit in Miami-Dade County, Florida, denied BankFirst’s motion to dismiss the counterclaims. After BankFirst was placed in federal receivership by the FDIC and the case was removed to the Federal District Court for the Southern District of Florida, Kasowitz represented SHP in pre-trial mediation, settling the matter and permitting SHP to purchase the original loan for a fraction of par value.
- Steel Equities, a real estate developer, in obtaining a reversal of a taking of property in violation of the Fifth Amendment on the grounds that it “was not for a public purpose but principally conferred a private benefit” on a favored citizen. See New York Law Journal, September 16, 2008, “Judge Overturns Land Taking at Bethpage Power Plant.”
- Middleburg Trust Company in defense of a multi-million dollar lawsuit by a beneficiary alleging breach of fiduciary duties. The firm successfully moved to dismiss the claims, which dismissal was affirmed by the New York Appellate Division, First Department.
- New Valley LLC, Kasowitz prevailed in an arbitration brought against AIG subsidiary, National Union, regarding insurance coverage under its directors, officers and corporate liability insurance policy. New Valley brought its claim for losses stemming from the settlement of a shareholder derivative action. On August 23, 2007, the arbitral panel determined that New Valley was entitled to the full amount of its multi-million dollar claim, plus pre-judgment interest.
Georgetown University Law Center
University of Vermont
U.S. District Court, Southern District of New York, 2004