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Kasowitz Bows Out Of $28M Ampal Adversary Case

Law360, New York (November 16, 2017, 7:02 PM EST) -- Kasowitz Benson Torres LLP received permission Thursday to bow out of adversary litigation in the bankruptcy of energy investment holding company Ampal-American over a $28 million judgment linked to a project to make ethanol from sugarcane in Colombia.

The firm had been representing the defendants in an adversary proceeding seeking to enforce the $28 million U.S. bankruptcy court judgment in Israel, where all of the companies involved are based.

The plaintiff, the Chapter 7 estate of Ampal, is pursuing the $28 million alongside unit Merhav Ampal Group. The defendants are former Ampal-American head and note guarantor Yosef Maiman and his company...

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