On August 5, 2010, we won summary judgment for an investor against a company that contested its liability on an $800,000 promissory note. The judgment was entered one month later. Through an aggressive campaign to enforce the judgment and over the debtor’s vigorous efforts to avoid payment, the investor collected the full balance plus interest within approximately ninety days. Parket v. T-Ink, Inc., Index No. 600398/2010 (Sup. Ct. N.Y. County).
Ross & Orenstein is co-counsel on a case brought by investors who lost over $70 million in Mortgages Ltd., a fraudulent enterprise in Phoenix that ultimately went into bankruptcy. The case was filed in state court against the company’s attorneys and accountants, who removed the case to bankruptcy court. The investors’ motion to remand the case back to the state court was granted.
We won summary judgment for an investor against a company that contested its liability on an $800,000 promissory note. Parket v. T-Ink, Inc., Index No. 600398/2010 (Sup. Ct. N.Y. County).
The judgment in AIG Global Securities Lending Corp v. Banc of America Securities was affirmed by the Second Circuit. Jeff Ross was co-lead counsel. 386 Fed. Appx. 5 (2d Cir. 2010).
We defeated a company’s effort to avoid an obligation to repurchase a $65 million convertible note issue. The company claimed that steps in the indenture were not followed to the letter. The court found the company’s position “hypertechnical” and dismissed its declaratory judgment action. Empire Resorts, Inc. v. Bank of New York Mellon, Index No. 2959/09 (N.Y. Sup. Ct., Sullivan County).