Matthew A. Kraus’s practice focuses on complex commercial and financial products litigation. He represents insurers, auditors, banks, and individuals in civil and criminal matters in state and federal court. His experience also includes defending individuals and companies in investigations by Congress, various U.S. Attorneys’ Offices, multiple divisions of the Department of Justice, and the Securities and Exchange Commission. Matthew has been recognized as a “Rising Star” in New York Metro Super Lawyers in the areas of Antitrust Litigation and Business Litigation.
- 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 (now the Department of Financial Services), established a separate company for MBIA’s municipal bond insurance business. After a several-week evidentiary proceeding, the New York Supreme Court ruled in favor of MBIA, upholding MBIA’s restructuring. The banks agreed to drop their challenge to MBIA’s restructuring, and MBIA then received $1.7 billion in cash and a $500 million line of credit for its municipal bond insurance business.
- Source Interlink Distribution and Source Interlink Companies in an antitrust suit alleging that leading magazine publishers and their distributors conspired to force Source out of the wholesale single-issue magazine market. In February 2009, U.S. District Judge Paul A. Crotty granted a temporary restraining order to Source, ordering the defendant magazine publishers and their national distributors to resume supplying magazines to Source. After the TRO was issued, all 12 defendants agreed to settle with Source.
- Anderson News in an antitrust action alleging a conspiracy among the leading magazine publishers and distributors to boycott Anderson forcing it into bankruptcy.