Experience

• • Resolution Life in a seven day bench trial resulting in an award of $75 million in damages and pre-judgment interest. The case stemmed from an attempted 2017 transaction in which Resolution Life sought to sell its Nebraska-based life insurance company, Lincoln Benefit Life, to Global Bankers Insurance Group.
  • Kaestner Family Trust in winning a unanimous Supreme Court victory in North Carolina Department of Revenue v. Kimberley Rice Kaestner 1992 Family Trust, involving an attempt by North Carolina to tax a nonresident trust based solely on the fact that a beneficiary of the trust, who had not yet received any distributions, lived in the State.
  • Resolution Life in its sale of Lincoln Benefit Life to Global Bankers Insurance Group. (Terminated)
  • Learning Annex in obtaining a $23 million judgment after a jury trial of quasi-contract claims in the Southern District of New York.
  • Syncora Holdings, as insurer of power revenue bonds issued by PREPA, Puerto Rico’s troubled electric utility, and the Commonwealth of Puerto Rico, in the ongoing highly-publicized and complex restructuring negotiations relating to PREPA’s and the Commonwealth’s extensive funded debt.