Successful Defense of Direct Mortgage Corporation

Direct Mortgage Corporation

Defense of Direct Mortgage Corporation against claims by a homeowner alleging that client had retained an appraiser who did a deficient appraisal, leading to monetary losses when a flood caused damage to her home. Secured complete dismissals of all five causes of action asserted against client.

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Philip R. Stein
Practice Group Leader, Trial & Litigation
Matthew W. Tieman
Associate
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Experience
Representation of B piece and special servicer clients, handling in excess of $130billion in 2.0 CMBSsecuritizations.
Experience
Representation of an energy company in its $9.45 billion all-cash acquisition of another energy company, resulting in the creation of the largest utility holding company in the United States.
Experience
Handled the sale of over 2,000 REOs, with aggregate purchase prices in the billions of dollars, through both the negotiation and closing of individual sales and the structuring and sale by auction of multiple properties. The largest was approximately $216 million, which was the sale of a major hotel...
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