Cadwalader Settles $1.6M Claim In Ocala Bankruptcy

Law360, Chicago (February 13, 2013, 5:39 PM EST) -- Bankrupt Taylor Bean & Whitaker Mortgage Corp. subsidiary Ocala Funding LLC said Friday that Cadwalader Wickersham & Taft LLP had agreed to drop a $1.6 million claim and pay $125,000 to Ocala, which in turn will waive any claims tied to Cadwalader's prebankruptcy legal services.

In its motion for approval of the deal, filed in Florida bankruptcy court, Ocala said that while it held potential claims against Cadwalader for legal services the firm provided before the debtor launched its Chapter 11 proceedings in July, the debtor's...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Ocala Funding, LLC


Case Number

3:12-bk-04524

Court

Florida Middle

Nature of Suit

Date Filed

July 10, 2012

Law Firms

Companies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.