Representative Matters

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Client: Global Bank
Ongoing counsel of financial institution in fraudulent transfer litigation arising out of Ponzi schemes. Representation includes internal investigations and development and implementation of legal strategies.

We represent a global financial institution facing claims by bankruptcy trustees that seek to recover as fraudulent transfers funds received as principal and interest payments associated with commercial financing, as well as funds received as part of an institutional subsidiary's sale of a privately-owned business. The trustees contend that the funds received relate to a massive Ponzi scheme, and that they should be returned to the estates.