News 24 Jun. 2021
Curtis successfully defends foreign states' procedural privileges in the UK Supreme Court
News 23 Jun. 2021
Ibrahim Elsadig joins Curtis as Partner in Dubai
News 09 Aug. 2021
Curtis, Mallet-Prevost, Colt & Mosle enters into association with Chevalier Law in Singapore.
Event 23 Apr. 2021
Partner Borzu Sabahi to speak on Damages, Enforcement and Annulment of Arbitral Awards at Executive Training Program hosted by the Government of India and the Indian Institute of Foreign Trade
News 27 Oct. 2021
Curtis Advises Arranger of French Government's AiLSi Social Impact Bonds
Client Alert 18 Oct. 2021
Senior Associate Martin Wolff Discusses Practical Questions with Regard to the German Implementation of the EU Directive on Cross-Border Tax Arrangements (DAC6) in Institutional Money
News 15 Oct. 2021
Claudia Frutos-Peterson and Elisa Botero Ranked Among the Top 100 Female Lawyers in Latin America by Latinvex
News 13 Oct. 2021
Curtis Joins The Appellate Project to Promote Appellate Practice to Diverse Law Students
Client Alert 15 Oct. 2021
Recent change in Dubai’s Arbitration Landscape.
News 20 Sep. 2021
Curtis Successfully Defends the Sultanate of Oman and Oman Aluminium Rolling Company LLC in U.S. Department of Commerce Trade Case
Client Alert 05 Oct. 2021
Proposed Legislative Changes to Federal Estate, Gift and Trust Taxation
Publications 22 Sep. 2021
Client Alert 24 Jun. 2021
U.S. Insight: Update on Virtual Notarization (Executive Order 202.7) During the COVID-19 (Coronavirus) Pandemic (Updated: June 24, 2021)
U.S. Insight: Update on Virtual Witnessing (New York Executive Order 202.14) During The COVID-19 (Coronavirus) Pandemic (Updated: June 24, 2021)
News 16 Feb. 2012
New York, February 16, 2012 — Attorneys from Curtis, Mallet-Prevost, Colt & Mosle LLP represented Lehman Brothers Holdings Inc. ('LBHI') and its affiliated debtors and debtors-in-possession in a $700 million settlement of claims filed against LBHI by funds sponsored or managed by JPMorgan Chase Bank, N.A. (the 'Funds').
In a claims objection filed in the Lehman bankruptcy proceedings, the Lehman Debtors and the Official Committee of Unsecured Creditors argued that the Funds application of more than $710 million of LBHI collateral as purported 'affiliates' of JPMorgan Chase Bank, N.A. was improper and was an overreaching attempt by JPMorgan to cover the losses of the Fund's customers.
The Curtis Lehman team, which acts as conflicts counsel to LBHI, conducted extensive negotiations with counsel to The Funds and counsel to JPMorgan Chase Bank, N.A. to settle the matter.
The agreement calls for The Funds to return approximately $700 million of cash collateral to LBHI, representing an approximate 98% recovery for the Lehman Debtors. These funds will be available for the first distribution to be made to LBHI's creditors under the Chapter 11 Plan. The settlement transaction resulted in significant benefits to the estate by avoiding the costs, delay and litigation risks associated with having to prosecute the issues raised in the claims objection. The Funds will retain $15 million of the collateral.
The Curtis team of lawyers was led by partners Joseph D. Pizzurro, L. P. Harrison 3rd, Daniel R. Lenihan, Michael J. Moscato, Nancy E. Delaney, and Andrew H. Seiden; counsel Susan F. Pollack, and associates Peter J. Behmke, Dienna Ching and Matthew C. Lischin.
The Official Committee of Unsecured Creditors was represented by Quinn Emanuel Urquhart & Sullivan, LLP.
Curtis, Mallet-Prevost, Colt & Mosle LLP is a leading international law firm providing a broad range or services to clients around the world. Curtis has 15 offices in the United States, Europe, Central Asia, the Middle East and Latin America. The firm's international orientation has been a hallmark of its practice for nearly two centuries. For more information about Curtis, please visit www.curtis.com or follow Curtis on Twitter (twitter.com/curtislawfirm) and Facebook.com/Curtis.Careers).
Nancy E. Delaney
Daniel R. Lenihan
Michael J. Moscato
Joseph D. Pizzurro
Andrew H. Seiden