FOR IMMEDIATE RELEASE
Media contact: Laise Lowachee
Genovese Joblove & Battista, P.A. Recovered Over 77 Million in the LJM2 Co-Investment Bankruptcy Case
MIAMI – The Law Firm of Genovese Joblove & Battista, P.A., as co-counsel to the San Diego based law firm of Lerach, Couglin, Stoia, Geller, Rudman & Robbins LLP, on behalf of the lead plaintiff of the class action against Enron, has recovered over $77 Million in the LJM2 Co-Investment bankruptcy case.
LJM2 Co-Investment, an Enron related partnership controlled by Andrew Fastow, Enron’s CFO, that played a key role in the downfall of the former corporate giant, has recently been authorized by the United States Bankruptcy Court for the Northern District of Texas, Dallas Division to make final distributions of $52 Million to The Regents of the University of California, lead plaintiff and class action representative in the pending class action suite against Enron’s lenders in the U.S. District Court in Houston. LJM2, created by Fastow, was one of a series of companies created and utilized to help Enron fraudulently improve its own credit rating by moving debts off of its books. The distribution is a result of litigation claims asserted by The Regents’ Miami counsel Genovese Joblove & Battista, P.A. in LJM2’s Chapter 11 proceedings in Dallas. The Regents is represented by shareholders John H. Genovese and associate Harris J. Koroglu.
John H. Genovese is head of the firm’s reorganization and insolvency practice. His areas of proficiency and practice include troubled loan workouts, bankruptcy, insurance insolvencies, with an emphasis on complex litigation in Bankruptcy and U.S. District Courts, and other complex commercial litigation. He earned his Juris Doctorate, with distinction, from Ohio Northern University, where he was Vice President of the Student Bar Association, Best Oral Advocate and a member of the National Moot Court Team and earned his Bachelor of Science degree in business, magna cum laude, from Siena College, in 1976. He has also served in the United States Army from 1968-1971.
Harris J. Koroglu practices in the area of bankruptcy. He is member of the Florida Bar and admitted to practice before the U.S. District Court for the Southern and Middle Districts of Florida. He earned his Bachelor of Science degree, cum laude, from the University of Miami, where he majored in Biology and minored in Political Science and Chemistry.