Settling Complex Financial Issues
GJB’s receivership group handles matters of any size or complexity, drawing on our extensive experience involving bankruptcy, insolvency and creditors’ rights matters.
Federal and state courts regularly appoint our professionals to serve as receivers, upon request by the Securities Exchange Commission (SEC), Federal Trade Commission (FTC), United States Department of Justice and other interested parties. For instance, we served as the federal court receiver in one of the largest bank frauds in Florida, In addition, our attorneys have been selected as receiver’s counsel in connection with numerous cases in Florida and nationwide.
We also represent financial institutions, secured and unsecured individual creditors, business debtors in financial reorganizations, lenders, owners, claimants and other interested parties in all types of receivership proceedings. We successfully represented receivers in recovery of hundreds of millions of dollars stolen as part of Ponzi schemes, as well as in cases brought by the FTC to recover funds for defrauded consumers.
Our receivership engagements include general counsel representation as well as special litigation counsel pursuing director and officer professional liability and other causes of action.
If you would like to speak with a member of our receivership practice to discuss legal representation, or have any other question, please contact us at our Miami, Fort Lauderdale or Tampa office. We will respond promptly and arrange for you to speak with a member of the firm with the appropriate experience.
Receivership Representations
- Special Litigation Counsel to the assignee for the benefit of creditors for Laser Spine Institute, LLC and affiliated entities pursuing claims for recovery of in excess of $110,000,000.
- Special Litigation Counsel to the Liquidator of the Puerto Rican Insurance Commissioner relating to claims against directors and officers of an insolvent, regulated insurer.
- Represents the Chapter 7 trustee in the bankruptcy of one of the largest foreclosure defense firms in the State of Florida, with over 4,000 potential claimants
- Represents the Trustee of the Mutual Benefits Keep Policy Trust, which arose from the Mutual Benefits Corporation receivership, Sec. and Exch. Comm’n v. Mutual Benefits Corp., Case No. 04-60573-CIV-Moreno.
- Special Litigation Counsel to the Receiver excused from turnover in the Chapter 11 case of Bal Harbour Quarzo, pursuing professional malpractice and fraudulent transfer claims in excess of $40 Million.
- Represents the Federal Court-Appointed Receiver in 321 Loans Receivership and over 100 affiliated entities, in action brought by the FTC that defrauded over 35,000 consumers out of more than $85 million in a nationwide debt relief scheme.
- Represents the Federal Court-Appointed Receiver in World Patent Marketing, Inc. and Desa Industries, Inc. and affiliated entities, in action brought by the FTC that defrauded over 1,500 consumers out of approximately $26 million for fraudulent and deceptive acts in invention-promotion scheme.
- Represents the Federal Court-Appointed Receiver in Pointbreak Media, LLC and its affiliated entities that engaged in a multi-million dollar telemarking and robo-call scam targeting small business owners.
- Represents the Federal Court-Appointed Receiver of Health Service Providers, Inc., Magnolia Health Management Corp., and affiliated entities engaged in a multi-million dollar medical discount plans and health-related plans.
- Represents the Federal Court-Appointed Receiver over VGC Corporation of America, All Dream Vacations Corp., and related entities. Despite taking over an insolvent estate whose principals filed for bankruptcy, obtained net recoveries of over $600,000 for the benefit of victims.
- Represents the Federal Court-Appointed Receiver over Hispanic Global Way Corp, First Airborne Service Trading Corp, Hispanic Network Connections, LLC, and related entities in an action brought by the FTC, and recovered over $1.5 million for victims.
- Represented the Federal Court-Appointed Receiver for Creative Capital Consortium, LLC and affiliated entities that defrauded investors of over $68 million, and distributed a 34% recovery to victims despite inheriting a receivership with only $28,000 in bank accounts upon appointment.
- Lead Counsel to the Court-Appointed Receiver and Chapter 11 fiduciary in E.S. Bankest, L.C. Receivership in pursuit of avoidance and other claims arising from a $170 million fraudulent scheme.
- Lead Counsel to the Court-Appointed and Chapter 11 Trustee in Louis Pearlman Ponzi scheme in the prosecution of fraudulent transfer claims in connection with a $400 million scheme against a financial institution resulting in a settlement for the client well in excess of eight figures.
- Counsel to the Court-Appointed Receiver in Bogdan Financial Group, Inc. and its affiliated defendants that operated a Ponzi scheme that deprived hundreds of residents of the State of Florida of over $16 million dollars.