PRACTICE EXPERIENCE | REAL ESTATE & CONSTRUCTION

Zimmett and his associates represented a major foreign bank in a 40-party construction litigation, related bankruptcy and arbitration. They successfully moved to replace the debtor-in-possession with a Chapter 11 bankruptcy trustee. They also sued 32 subcontractors, obtained judgment before trial against 26 of the subcontractors and negotiated a settlement with the remaining parties.

The Zimmett team filed a civil action under the Racketeer-Influenced and Corrupt Organizations Act (RICO), arising from a number of failed real estate-backed loans. Zimmett and his associates tried the case and won a judgment for treble damages and attorney's fees, and for title to approximately 40 acres in East Hampton, New York. Ownership of the land had been concealed through a Panamanian corporation and an offshore trust in Bermuda.