Joel Sher v. SAF Financial, Inc. et al

  1. February 13, 2012

    TMST Ch. 11 Trustee Inks $6.5M Deal With Ex-Execs

    The Chapter 11 trustee for TMST Inc. minted a $6.5 million settlement Monday resolving a lawsuit that alleged the bankrupt real estate investment trust's former brass and their counsel Orrick Herrington & Sutcliffe LLP conspired to loot the company on the eve of bankruptcy.

  2. May 11, 2011

    Judge Allows Ex-TMST Execs' Claims To Shift Liability

    Two former TMST Inc. executives accused of looting the bankrupt real estate investment trust can pursue claims that would shift liability to the company's chairman and an affiliate under theories of contractual indemnification and contribution, a Maryland federal judge ruled Wednesday.

  3. April 20, 2011

    TMST Ch. 11 Trustee Can't Block Docs In Fraud Suit

    A Maryland federal judge on Tuesday allowed the former CEO of bankrupt real estate investment trust TMST Inc. to access documents underlying the Chapter 11 trustee's lawsuit alleging TMST's brass and Orrick Herrington & Sutcliffe LLP looted the company.

  4. October 15, 2010

    Orrick, Ex-Thornburg Execs Fail To Stop Fraud Suit

    A federal judge has kept alive a trustee's claims of legal malpractice against an Orrick Herrington & Sutcliffe LLP partner, as well as some claims of corporate malfeasance against former executives of Thornburg Mortgage Inc., who allegedly conspired to siphon assets from the bankrupt lender to start a new business.