The South Florida Business Journal wrote a story about the $6.1 million verdict we won for one of our clients. It was the largest punitive-damage award in U.S. history for an involuntary bankruptcy case.
A snippet of the story and a link to the original source are below:
“Miami businessman Maury Rosenberg won a $6.1 million verdict recently against a subsidiary of U.S. Bank, in a rare “bad faith” finding that the bank improperly pushed Rosenberg into an involuntary bankruptcy.
Rosenberg ran a chain of medical diagnostic companies where he leased expensive equipment. The leases were bundled and sold as investment packages – serviced and managed by U.S. Bank or its subsidiaries. After Rosenberg defaulted on some of the leases, U.S. Bank subsidiary Lyon eventually filed an involuntary bankruptcy petition.”
Click here to read full article (opens new link to source)