Rubin & Rubin

$25M

Business Law

J.C. Irving, 122 West John Carpenter Office Building, Dallas, Texas. This case involved the restructuring of a $25 million property. The highlights include: Saved Property from Going into Foreclosure, Created New Investment Vehicle with New Capital Partner, Allowed New Capital for Improvement of Property and to Retain Tenants, Created Optional Exit Event that Allowed Owners to Cash Out, Restructured Ownership to Allow TIC Owners to Stay in the Investment, Completed Roll Up for Investors that Elected to Stay in the Investment.

$22M

Business Law

In re: Southfield Office Building #14, LP. et.al., Austin, Texas. This case involved the restructuring of a $22 million investment. The highlights include: Reinstated Defaulted Loan, Reduced Interest Rate by 200 Basis Points, Reduced Reserve Requirements by 87%, Eliminated Loan Defeasance Fee/Prepayment Penalty, Extended Loan Maturity Date, Rolled Up 25 TIC Owners into a Single LLC, Preserved 100% of Equity of Owners.

$20M

Business Law

D.V.P. v. IberiaBank, Saint Johns, Florida. A real estate developer owned a medical/retail project for the development of eleven office and retail buildings. Financing was held by IberiaBank. When the developer did not get the market traction that was anticipated and the loan reserve began to erode, the bank eventually called a default. The developer entered into a 'friendly foreclosure' whereby the bank simultaneously took ownership and transferred the project on the same day to allow for the original developers to exit from the transaction and be released from their personal guarantees.

$15

Civil Rights

14-year-old Andrew “Peewee” Joseph went to the Florida State Fairgrounds. A Hillsborough Sheriff’s deputy kicked him out of the fair near the interstate highway, far from his drop-off spot, and threatened him with arrest. Peewee was struck and killed instantly by a motorist as he ran across the highway trying to find his way home. The Florida State Fair settled for the maximum before trial. A federal jury returned a $15 million verdict for Peewee’s parents against the Sheriff.

$7.5M

Business Law

P.C. v. SunTrust Bank, St. Augustine, Florida. A group of twenty-two investors owned a six-acre property including a retail center, bank, and out-parcel with financing. Original financing was based upon a debt to equity ratio of 60/40. Although cash flowing and 62% leased, the valuation of the center decreased to par with the loan value. When the loan matured, the bank did not want to renew the loan unless the investors paid down a portion of the principal amount. The investor group did not want to increase their investment, and the bank called a default and threatened to foreclose.

$7M

Wrongful Death

Medical malpractice wrongful death case against a South Florida physician on behalf of the mother and father of a 15-year-old boy who died needlessly. The attending doctor refused to consult with a team of expert doctors, refused to assist in the boy's transfer to the University of Miami, proceeded with a surgical procedure without discussing risks with the mother, and administered sedatives which caused the boy's oxygen to crash to dangerously low levels, leading to severe respiratory distress and eventual cardiac arrest.