|
Defendant
|
Plaintiff
|
Court
|
Amount
|
Overview
|
Case Title |
Case Number
|
Date Filed |
Link to Story |
| David Lichtenstein, Lightstone Holdings, LLC, Wells Fargo Bank, N.A., Wachovia Bank N.A., Bank of America, N.A., U.S. Bank National Association, Cerberus Capital Management, L.P., Centerbridge Partners, L.P. and John Does 1-20 |
Line Trust Corp. and Deuce Properties Ltd. |
New York Southern District Court |
$314 million |
Defendants are accused of inducing Extended Stay Hotels chief David Lichenstein to throw the firm into bankruptcy on June 15 to squeeze out junior lien holders. Defendants are accused of offering Lichenstein indemnity against $100 million in liabilities he faced in the event of an Extended Stay bankruptcy, which together purchased $214 million in Extended Stay debt. |
Line Trust Corporation Ltd et al. v. Lichtenstein et al. |
No. 1:2009cv06152 |
7/8/2009 |
www.mortgagedaily.com/InvestorLawsuits090309.asp |
| n/a |
Colonial BancGroup |
U.S. Bankruptcy Court for the Middle District of Alabama, Montgomery |
n/a |
Colonial BancGroup filed a voluntary petition under Chapter 11 of the Bankruptcy Code after regulators seized its banking operations and sold most of its assets. According to the petition, Colonial BancGroup had $45 million of assets and $380 million of debts. |
In re Colonial BancGroup Inc. |
09-32303 |
8/25/2009 |
www.mortgagedaily.com/Closings083109.asp |
| n/a |
Guaranty Financial Group Inc. |
U.S. Bankruptcy Court for the Northern District of Texas, Dallas |
n/a |
Guaranty Financial Group Inc. filed a voluntary petition under Chapter 11 of the Bankruptcy Code less than a week after regulators seized its banking unit and forced it to sell most of its assets. Guaranty listed $24.3 million of assets and $323.4 million of debts. |
In re Guar. Fin.Group Inc. |
09-35582-bjh |
8/27/2009 |
www.mortgagedaily.com/Closings083109.asp |
| n/a |
Taylor, Bean, and Whitaker Mortgage Corporation |
U.S. Bankruptcy Court for the Middle District of Florida, Jacksonville |
n/a |
TBW filed for relief under Chapter 11 of the Bankruptcy Code in order to begin to recover, restrict, and possibly liquidate its assets. |
In re Taylor, Bean & Whitaker Mortgage Corp. |
09 7047 |
8/24/2009 |
www.mortgagedaily.com/TaylorBeanBankrutpcy082409.asp |
| na |
Colonial BancGroup Inc. |
U.S. Bankruptcty Court for theMiddle District of Alabama |
na |
Chapter 11 bankruptcy filed. |
In re Colonial BancGroup Inc. |
Case No. 09-32303 |
8/25/2009 |
www.mortgagedaily.com/Closings083109.asp |
| na |
Guaranty Financial Group Inc. |
U.S. Bankruptcty Court for the Northern District of Texas |
na |
Chapter 11 bankruptcy filed. |
In re Guaranty Financial Group Inc. |
na |
8/27/2009 |
www.mortgagedaily.com/Closings083109.asp |
|
Extended Stay Inc. |
U.S Bankruptcy Court for the Southern District of New York |
na |
Counsel for unsecured creditors in Chapter 11 bankruptcy case selected. |
in re Extended Stay |
na |
na |
www.mortgagedaily.com/Lawsuits091509.asp |
| Howard Walder, Berta Walder, Tom Hirsh, Harish Shah, Radical Bunny LLC |
Securities and Exchange Commission |
US District Court for District of Arizona |
na |
Four individuals are charged with promoting fraudulent investments, assuring investors that funds would be invested in a broad range of commercial real estate ventures while limiting investments to a small batch of high risk investments. Fund in addition failed to register with SEC. |
SEC v. Radical Bunny LLC, et al |
Case No. 2:09-cv-01560-SRB |
7/28/2009 |
www.mortgagedaily.com/SecMtgLtd072809.asp |
| Mortgage Lenders Network USA, Inc. |
Guiseppe Caccamo, Robie-Lyn Harnois |
United States Bankruptcy Court for the District of Delaware |
$2,700,000 |
Defendant debtor signed settlement agreement compensating class plaintiffs- comprised of former employees- for wrongful termination of employment, violation of the WARN Act requiring 60 day notice to state. |
Guiseppe Caccamo and Robie-Lyn Harnois v. Mortgage Lenders Network USA, Inc. |
07-51415 (PJW) |
Aug. 5, 2009 |
www.mortgagedaily.com/lawsuittaylorbean081209.asp |
