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Kasowitz Benson Torres LLP

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United States: Dispute resolution

General commercial disputes
General commercial disputes - ranked: tier 3

Kasowitz, Benson, Torres & Friedman LLP

Kasowitz, Benson, Torres & Friedman LLP is retained by plaintiffs and defendants in high-profile disputes, with recent highlights including its work for FHFA in settlements with numerous financial institutions in disputes surrounding RMBS, where Marc Kasowitz had a key role. Other plaintiff-side work includes Ronald Rossi and Aaron Marks’ representation of Veleron in a federal securities claim and related state action against Morgan Stanley. Litigation arising out of enterprise resource planning (ERP) business software is another area of strength for the department, which is regularly retained to prosecute claims against software integrators and developers.

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Leading trial lawyers

Marc Kasowitz - Kasowitz, Benson, Torres & Friedman LLP: In 2015, firm founder Marc Kasowitz worked on various high-profile banking and securities cases. In New York, for instance, he represented the Federal Housing and Finance Agency in claims against major banks regarding residential mortgage-backed securities. In a case that is ongoing, he is defending affiliates of AMC Networks Entertainment over alleged unpaid compensation regarding the television series, The Walking Dead.

Leading trial lawyers

Marc Kasowitz - Kasowitz, Benson, Torres & Friedman LLP

Aaron Marks - Kasowitz, Benson, Torres & Friedman LLP

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Securities litigation - defense
Securities litigation - defense - ranked: tier 5

Kasowitz, Benson, Torres & Friedman LLP

Kasowitz, Benson, Torres & Friedman LLP in New York is a financial markets litigation boutique that plays a role in high-profile litigation, such as the multibillion-dollar Loreley Financing case in which Sheron Korpus secured a Second Circuit victory for the CDO investor. Mark Ressler counts UniCredit among his clients and is helping the financial services company overhaul its litigation strategy in securities matters. Also recommended are Marc Kasowitz, who is representing U.S. Bank and HSBC in RMBS-related matters, and Hector Torres.

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Securities litigation - plaintiff
Securities litigation - plaintiff - ranked: tier 3

Kasowitz, Benson, Torres & Friedman LLP

Kasowitz, Benson, Torres & Friedman LLP is ‘a go-to firm for institutional plaintiffs in cases against banks’. Sheron Korpus is representing CDO investor Loreley Financing - which lost billions of dollars in the mortgage-backed securities collapse of 2007 - in a multibillion-dollar case against Citigroup and Bank of America Merrill Lynch, having already settled a similar matter against Deutsche Bank. Marc Kasowitz is leading the firm’s work, alongside co-counsel Quinn Emanuel Urquhart & Sullivan, LLP, for the Federal Housing Finance Agency against financial institutions such as Barclays Capital, RBS Securities and Goldman Sachs in cases alleging misrepresentation or failure to disclose material information in the sale of residential mortgage-backed securities.

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United States: Finance

Restructuring (including bankruptcy): corporate
Restructuring (including bankruptcy): corporate - ranked: tier 3

Kasowitz, Benson, Torres & Friedman LLP

Kasowitz, Benson, Torres & Friedman LLP’s ‘bankruptcy litigation group is among the strongest’, with lawyers who ‘guarantee quick, practical advice and the ability to back it up in court’. The firm secured keynote creditor roles in the multibillion-dollar LightSquared and Energy Future Holdings bankruptcies, showcasing its strength in contentious matters in both cases by successfully arguing against restructuring plan terms unfavorable to its clients. It is also representing clients in a raft of disputes subsequent to major Chapter 11s, including defending the controlling shareholder of Israeli company Ampal against turnover motions brought by a Chapter 7 trustee, and acting for distressed debt hedge fund Solus Alternative Asset Management in its litigation against Perry Capital following the latter’s refusal to close an agreed trade involving a $195m Madoff claim. David Friedman has ‘a first-class legal and business mind which can simplify complex financial issues’ and co-leads the ten-partner, New York-based group with David Rosner. Adam Shiff, Andrew Glenn and senior counsel Michael Harwood are other names to note.

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United States: Industry focus

Insurance: advice to policyholders
Insurance: advice to policyholders - ranked: tier 3

Kasowitz, Benson, Torres & Friedman LLP

Kasowitz, Benson, Torres & Friedman LLP is now primarily based in Los Angeles. Notable partners include Jerold Oshinsky, who has ‘a tremendous depth of knowledge’, and the ‘highly focusedLinda Kornfeld. The pair recently led advice to Pennsylvania State University in its attempt to recover costs linked to its response to the Sandusky sexual misconduct scandal. The team has a significant client base in the education sector and Duke University is another example; clients from other sectors include the International Union of Operating Engineers and Ringler Associates Incorporated. The firm also recently successfully represented Cottage Heatlh System in dismissing a coverage dispute arising from a data breach, wherein the insurer sought redress for the cost of settlement on the basis that the insured’s data breach policy was voided by alleged failings in its data breach procedures and risk controls. The team also includes commercial litigator Charles Freiberg, who is based in San Francisco, and Los Angeles-based David Thomas. Robin Cohen and her team moved to McKool Smith.

Leading lawyers

Jerold Oshinsky - Kasowitz, Benson, Torres & Friedman LLP

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United States: Intellectual property

Patent litigation: full coverage
Patent litigation: full coverage - ranked: tier 6

Kasowitz, Benson, Torres & Friedman LLP

Kasowitz, Benson, Torres & Friedman LLP secured a jury trial verdict in favor of Dr. David Jang against medical device company Boston Scientific, and obtained a per curiam affirmance on behalf of Google at the Federal Circuit in a suit brought by MasterObjects, which claimed infringement of patents related to intelligent search fields. The group also achieved an early resolution for Google in proceedings initiated by SuperSpeed Software, which alleged that the Google Docs and Google Drive storage devices infringed its data access patent. The team is based in Silicon Valley, the key figures being Jeffrey Toney, Jonathan Waldrop, Darcy Jones and Steven Carlson.

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United States: Real estate and construction

Real estate
Real estate - ranked: tier 4

Kasowitz, Benson, Torres & Friedman LLP

Kasowitz, Benson, Torres & Friedman LLP’s three-partner practice is singled out as being ‘creative in finding solutions to some extremely complex issues’. From its New York base, the team continued to handle a significant amount of joint venture development work, including financing and leasing of residential, office, hotel, retail and mixed-use projects both in New York and around the country. ‘Deal-makerWallace Schwartz heads the practice and represented Blackstone in the development aspects of its $680m acquisition of the SkyView Center in Queens. Schwartz is also acting for Related Companies and Oxford Properties in the leasing of a multi-level shopping center being built at Hudson Yards. On the debt finance side, Douglas Heitner advised JDS Development Group and Property Markets Group on a $725m loan for the construction of a 90-story tower at 57th Street, New York. Adam Endick specializes in leasing and assisted Extell Development Company with the ground leasing of 23rd Street, New York to a joint venture between Kaufman Organization and Goldman Sachs. The practice was further developed by a number of new hires, including special counsel Sander Ash from Moses & Singer.

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Legal Developments worldwide

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
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