Real Estate Developers – Breach of Promissory Note and Fraudulent Conveyance Claims

Representing real estate developers in their efforts to pursue damages in excess of $10 million against the estate of a former “asset rich but cash poor” business partner who had defaulted on a short term, multimillion dollar loan - originally guaranteed and later acquired by our clients - for the purpose of co-investing in real estate deals.  In addition to a claim for breach of a promissory note, this litigation includes multiple fraudulent conveyance claims against the executors of the estate as well as a myriad of shell entities we allege were created to receive the estate’s assets - including a large diamond manufacturing businesses and substantial real estate holdings - in an effort to avoid creditors’ claims.