Hedge Funds

Deep Experience with Hedge Fund and Structured Product Litigation
Kasowitz has decades of experience advising hedge funds in high-stakes litigation and crafting creative solutions for issues relating to their investments. We handle sophisticated commercial litigation, complex financial products and securities litigation, financial restructuring and employment litigation for our hedge fund clients. We have successfully represented hedge funds in numerous litigations, negotiations and potential disputes involving securitizations and other structured finance products.
We regularly advise activist investors on complex and fast-moving investment situations, with a focus on strategic counseling and how best to position the fund for success. Our litigation experience provides our clients with a distinct advantage in these often-contentious situations.
We also have a strong “opt-out” class action practice, and represent a number of hedge funds and other investment managers in direct actions to recover investment losses. Pursuing direct securities actions often achieves a far greater recovery than passively relying on class counsel for a recovery that is pro rata with all other holders.
Our hedge fund clients include BlueMountain, Bridgewater, Centerbridge Partners, Davidson Kempner Capital Management, Deer Park Road, Elliott Management, Harbinger Capital Partners, funds associated with Carl Icahn, MatlinPatterson, Mudrick Capital Management, Prophet Capital Asset Management, Serengeti Asset Management, Tilden Park Capital Management and Waterfall Asset Management.
MEDIA
- Kasowitz, on Behalf of Carl Icahn’s Funds, Defeats Motion To Dismiss Lawsuit Alleging Manipulation of Trillion Dollar CMBS Market
- Kasowitz, on Behalf of Carl Icahn’s Funds, Files Lawsuit Alleging Manipulation of Trillion Dollar CMBS Market
- Bankruptcy and Restructuring Veteran Ken Coleman Joins Kasowitz
- Jennifer S. Recine Moderates Finance Panel at the New York Commercial Real Estate Summit
- Michael A. Hanin Interviewed by Commercial Observer, Discussing Impact of Billions in CMBS Loans Maturing in 2022
- Kasowitz Wins Summary Judgment against Bancorp For Its Refusal to Honor Market Disruption Clause Triggered by Coronavirus Pandemic in $900 Million Securitization Deal
- Turnarounds & Workouts Names Matthew B. Stein a 2021 Outstanding Restructuring Lawyer
- Jennifer S. Recine to Speak at Benchmark Women in Litigation Forum
- New York Law Journal Names Kasowitz 2021 Litigation Department of the Year for Finance
- Kasowitz Scores Win in Trust Instruction Proceeding Involving Billion-Dollar Triaxx CDOs
- The National Law Journal Names Mark P. Ressler and Michael A. Hanin Plaintiffs’ Lawyers Trailblazers
- Lawdragon Profiles Marc E. Kasowitz, Michael A. Hanin and Sheron Korpus and their Bet-the-Company Wins in Financial Services Litigation
- Michael A. Hanin Quoted in Asset-Backed Alert: “Libor Talks Keep Trustees at Bay”
- Law360 Names Kasowitz Practice Group of the Year for Structured Finance
- Law360 Names Michael A. Hanin MVP of the Year for Structured Finance
- Kasowitz Scores Key Victory for Noteholders in Multi-Billion Dollar Student Loan Syndication Case
- Kasowitz Prevails on Appeal for Noteholders in Multi-Billion Dollar Student Loan Case
- Kasowitz Secures Denial of CFPB’s Consent Judgment in National Collegiate Student Loan Trusts Case
- Kasowitz Files Lawsuit against Bancorp For Refusing to Honor Market Disruption Clause Triggered By Coronavirus Pandemic in $900 Million Securitization Deal
- Stephen W. Tountas Named Plaintiffs’ Lawyers Trailblazer by The National Law Journal
- Michael Hanin Quoted in Asset-Backed Alert: “Mortgage REITs Seek Court Help”
- Kenneth R. David Discusses Potential Exploitation of “MAC” Clauses in the Wake of Coronavirus
- Recalcitrant Lenders May Exploit “MAC” Clauses to Avoid Commitments
- Kasowitz Achieves Successful Resolution of Astra Asset Management’s Abacus CDO Claims against Goldman Sachs
- Kasowitz Prevails on Summary Judgment Motion by Goldman Sachs Seeking Dismissal of Astra Asset’s Claims Arising From Goldman’s Abacus CDO Misconduct
- Kasowitz Defeats Motion to Dismiss by Goldman Sachs in Action Alleging Misconduct Relating to Abacus CDO
- Kasowitz Secures Dismissal of $123 Million Breach of Fiduciary Duty Claims
- Kasowitz Scores Bankruptcy Trial Win For EFH Creditors
- Kasowitz Represents Hedge Fund, Claiming Breach of Contract by Goldman Sachs relating to CDO Abacus 2006-10
- Michael Hanin Co-Authored “Applying N.Y.’s Borrowing Statute to Asset-Backed Securities Claims After ‘Deutsche Bank’” in New York Law Journal
- Kasowitz Prevails on Appeal for Hedge Fund in Defamation Action
- Law360 Recognizes Kasowitz Partner Stephen W. Tountas as 2017 Rising Star
- Marc E. Kasowitz Speaks at MFA Outlook 2016
- David S. Rosner and Michael Hanin Discuss Hedge Fund Litigation at Corporate Counsel Summit
- New York Appellate Division Upholds Reinstatement of ACA Financial Suit Against Goldman Sachs
- Kasowitz Wins New York Court of Appeals Decision to Reinstate $120M Fraud Suit Against Goldman Sachs
Contacts
On Thursday, April 21, 2022, Kasowitz Benson Torres, on behalf of Cascade Funding, LP - Series 6, an affiliate of asset manager Waterfall Asset Management, secured summary judgment on Cascade’s breach of contract claim against The Bancorp Bank, a national bank with $4.4 billion in assets, in connection with Cascade’s planned purchase from Bancorp of a pool of $900 million in mortgage loan assets, to be funded through a securitization of those assets in a CRE CLO.
Read StoryKasowitz 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.
Read StoryKasowitz Benson Torres partner Michael A. Hanin is featured in an interview, “High Level of Loan Maturations Could Have Significant Ramifications for Investors,” with Commercial Observer, a leading real estate trade publication.
Read Story