Representation of an international aviation consulting firm
Represented an international aviation consulting firm in a $100 million lawsuit brought by a state pension fund involving municipal bonds issued for the construction of an airplane maintenance facility. In defending the lawsuit, we filed third-party claims against several state agencies, including the Department of Treasury, Department of Justice, and the local port authority. The case against our clients was settled following mediation for a fraction of the original claim. The claims against the other defendants went to trial, resulting in a $65 million verdict in favor of the state pension fund.