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Case Summaries

Represented U.S. financial institution in enforcement of loan agreement and $2 million promissory note against an international container shipping company located in Bermuda.  Sued on the note in Bermuda, pursued post judgment collection there, as well as in Delaware, where discovery was conducted in aid of foreign judgment, and Hong Kong, where assets were identified against which to satisfy judgment.
Jurisdictions involved: Bermuda, Delaware, Hong Kong

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Represented six European and African-based individuals defrauded by extensive “pump and dump” securities fraud.  Fraudsters bought and sold stocks among themselves to inflate stock value and create a false market. They then sold millions of dollars worth of stock to hundreds of investors in the US., Europe and Africa.  Successfully identified assets, but client declined to pursue recovery.
Jurisdictions involved: Belgium, California, Canada, Philippines, Thailand

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Represented British Virgin Islands hedge fund in enforcement of $21 million judgment against an individual defendant who, with the assistance of his legal counsel, had fraudulently transferred assets to family members and their family-run companies.  Actions brought in four states and Letters Rogatory enforced in Cook Islands.  Judgment was settled for a significant amount.
Jurisdictions involved: Cook Islands, Florida, Pennsylvania, New York, Washington, D.C.

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Represented a U.S. bankruptcy trustee for a cruise line business in prosecution and collection of multi-million dollar fraudulent transfers.  Filed preference actions against foreign defendants located in eleven European jurisdictions.  Reached settlement with defendants who had assets and dismissed defendants who did not have assets.
Jurisdictions involved: Belgium, Denmark, France, Greece, Italy, Netherlands, Norway, Spain, Tahiti, Turkey, United Kingdom

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Represented U.S. financial institution in recovery of $1 million that was fraudulently transferred to Uruguay.  Funds represented account receivable collections that were collateral security for a line of credit.  Utilized Mutual Legal Assistance Treaty to repatriate transferred funds to Registry of District Court.  In order to access those funds that were exempt from seizure, appointed a receiver, had receiver enter plea agreement in criminal proceeding, and had restitution ordered.  One hundred percent of the funds fraudulently transferred held by Registry of District Court were paid to the victim as restitution. 
Jurisdictions involved: Illinois and Uruguay
Represented U.S. financial institution in recovery of less than $1 million paid to a forged payee, where funds were transferred to a bank in Lebanon.  Determined that recovery in Lebanon was unlikely, but successfully recovered money from parties located in the United States.
Jurisdictions involved: New York and Lebanon

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Represented U.S. financial institution in collection of $2 million loan from Mexican guarantors, who also had pledged stock in Mexican floral companies.  Unable to complete recovery because bank records, which were needed to trace transfer of assets, were destroyed by Hurricane Katrina.
Jurisdictions involved: Illinois, Mexico, Texas

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Represented U.S. financial institution in recovery of $1 million paid on illegally scanned check where funds were transferred to the Bahamas.  Through issuance of Mareva injunction, 100 percent of funds were repatriated to client. 
Jurisdictions involved: Bahamas, Illinois

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Represented U.S. financial institution in recovery of forged check against Panamanian company.  After determining that the fraudsters had no identifiable assets, the client decided not to pursue the recovery.
Jurisdictions involved: Illinois, Panama

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Represented group of high net worth individuals and related corporations in recovery of $12 million loss, including approximately $4 million in cash, through preemptive discovery and issuance of Mareva injunctions.  Identified several co-conspirators involved in the fraud and millions of dollars in concealed assets.  
Jurisdictions involved: Barbados, Canada, Cayman Islands, Florida, Israel, New York, Switzerland


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Representative Matters

U.S. financial institution in enforcement of loan agreement
European and African-based individuals
British Virgin Islands hedge fund
U.S. bankruptcy trustee for a cruise line
U.S. financial institution in recovery of $1 million
U.S. financial institution in recovery of less than $1 million
U.S. financial institution in collection of $2 million loan
U.S. financial institution in recovery of $1 million
U.S. financial institution in recovery of forged check
High net worth individuals and a related software corporation


 
 
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