A settlement agreement among investors in Mortgages Limited, challenged by a minority, was upheld in the Arizona Court of Appeals. The investors were ninety clients of R&O and its co-counsel, who brought an action against Mortgages Limited’s law firm. Mortgages Limited was a Ponzi scheme that came to light when the company filed for bankruptcy in 2008. Baldino, et al. v. Ashkenazi, et al. and Greenberg Traurig LLP, et al., 2017 WL 4413765 (Ariz. Ct. App. Oct. 5, 2017).
Harry Niska was selected to the 2017 Minnesota Rising Stars list. This honor is awarded to just 2.5% of Minnesota lawyers annually, based primarily on a peer review process.
Jeff Ross and John Orenstein were again selected as Super Lawyers for 2017. This honor is awarded to five percent of Minnesota lawyers annually, based primarily on a peer review process.
In a communication to all holders of an RMBS trust, R&O on behalf of a holder urged them to reject a proposed settlement of a mortgage putback case. Holder votes had been solicited by the trustee, and certain holders had sent a memo promoting the settlement. R&O also recently brought an action against the trustee to compel the rejection of the proposed settlement.