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.
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New York Law Journal Names Kasowitz 2021 Litigation Department of the Year for Finance
Kasowitz Benson Torres’ financial services litigation team has been named Litigation Department of the Year for Finance by the New York Law Journal in recognition of the team’s significant litigation results over the past year.
Kasowitz Wins Dismissal of Claims against Owners of Historic Hotel Chelsea Seeking to Halt Renovations
Kasowitz Benson Torres, on behalf of the owners of the iconic Hotel Chelsea in Manhattan, has secured the dismissal of a lawsuit brought by two tenants of a neighboring townhouse they lease from the owners seeking injunctive relief halting all renovation of the historic property and asserting claims for breach of warranty of habitability, private nuisance and harassment.
The National Law Journal Names Paul “Tad” M. O’Connor III and Jennifer S. Recine Real Estate Trailblazers
Kasowitz Benson Torres real estate litigation partners Paul “Tad” M. O’Connor III and Jennifer S. Recine have been named Real Estate Trailblazers in recognition of their cutting-edge work and successes handling a wide variety of real estate and hotel-related litigation matters on both the plaintiff and defense side, including partnership and joint venture disputes, contract disputes, breach of fiduciary duty and fraud claims, air rights and development rights disputes.
Kasowitz Quickly and Successfully Resolves Astra Asset Management’s Abacus CDO Claims Against Goldman Sachs on the Eve of Trial
Kasowitz represented Astra Asset Management, a London investment firm, in a trust instruction proceeding concerning Abacus 2006-10, a synthetic $543 million CMBS-linked CDO created by Goldman Sachs.
Lawdragon Profiles Hector Torres’ Pioneering Legal Career and Diversity Efforts
Lawdragon has profiled Hector Torres, Kasowitz Benson Torres’ co-founding partner, in its Lawyer Limelights series, highlighting his “groundbreaking creativity” and “remarkably successful results” in some of the country’s most high profile antitrust, products liability and complex commercial disputes, as well as his leadership in the Hispanic community and efforts to diversify the legal profession.
Kasowitz Ranked Among Top 20 Most Diverse Leading Law Firms for Third Straight Year by The American Lawyer
Kasowitz Benson Torres has been ranked among the twenty most diverse leading law firms for a third straight year by The American Lawyer.