Commercial Bank/Hedge Fund - Distressed Debt Litigation
Representation of a commercial bank/hedge fund in collecting multi-million dollar bank loans secured by interests in certain kosher dairy food producers and distributors. The principal has pledged his stock shares in the companies as additional collateral. We have obtained a judgment and a TRO for access to the debtors' assets and are pursuing litigation to unwind and recover fraudulent transfers of substantially all of the assets of the debtors and the principals. We are also pursuing relief against the principal, who recently filed for bankruptcy protection.