By Attorney Popular Publications

James M. Ringer in the News

Citigroup sued for fraud over $1 billion of CDOs
Thomson Reuters, January 24, 2012

Citigroup Inc was sued for fraud by Loreley Financing over nearly $1 billion worth of collateralized debt obligations purchased in 2006 and 2007.

Citigroup is accused of defrauding Loreley into purchasing "fraudulent investments that are now worthless," Loreley said in a complaint filed Tuesday in New York State Supreme Court in Manhattan.

Citi used the CDOs to offload the risks of toxic mortgage-backed securities on its books and to help preferred clients "short" the housing market, the lawsuit claims.

...For Loreley: Marc Kasowitz and Sheron Korpus of Kasowitz, Benson, Torres & Friedman, James Ringer of Meister Seelig & Fein and Stephen Plotnick of Carter Ledyard & Milburn.

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Attorneys Mentioned: James M. Ringer

Eight-figure fraud verdict returned in Bonn bonds case
VA Lawyers Weekly, November 21, 2011

An Alexandria federal jury returned a verdict on Oct. 27, 2011 of $96,400,000 in favor of Honua Investment Management, Inc. and its bondholders who were defrauded by Man Ki Kim, a McLean businessman. The case was tried over a period of four days by James Ringer of New York and Daniel L. Fitch of Harrisonburg. The verdict is the fifth largest ever returned in Virginia and the biggest in the commonwealth since 2002.

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Attorneys Mentioned: James M. Ringer, James M. Ringer

Businessman hit with $96M verdict for bond fraud
VA Lawyers Weekly, October 27, 2011

The verdict included $48.2 million in compensatory damages and $48.2 million in punitive damages. The punitive award is subject to Virginia's $350,000 cap, reported one of the lawyers for the bondholders.

New York's Jim Ringer, lead counsel for the bondholders, said it appeared Kim was trying to keep his deals alive by borrowing from one entity to fund another.

"There are a lot of people who think if you keep the ball in the air long enough you can succeed," Ringer said. "Sooner or later the ball comes down."

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Attorneys Mentioned: James M. Ringer

New York, NY--- "Meister Seelig has expanded its bankruptcy and litigation departments, offering greater in-depth services to clients, by adding highly seasoned attorney James Ringer. He is highly regarded as a brilliant attorney in commercial litigation." The announcement was made by Mark Seelig, managing partner.

Jim Ringer specializes in international and domestic commercial litigation and arbitration. His practice encompasses class actions, securities, acquisitions, contracts, insurance, antitrust, partnerships, intellectual property, alcohol beverage law and distribution contracts, franchises and termination. Mr. Ringer has had extensive experience in securities litigation and has also represented individuals and companies in insider trading investigations by the SEC and related litigation. He has handled several trademark and trade-name infringement disputes and multi-faceted disputes involving claims of infringement of biotechnology patents, breach of contract, fraud and antitrust. Mr. Ringer was formerly a partner at the international law firm Clifford Chance and its predecessor Rogers & Wells.

The addition of Jim as a partner compliments the experience of other MSF attorneys in the real estate, corporate and litigation areas. The expansion of the firm's Bankruptcy and Creditors' Rights and Litigation Groups, enables Meister Seelig & Fein LLP to offer enhanced expertise to better service our clients in the current market and for the long term.

Meister Seelig & Fein LLP is a boutique commercial law firm comprised of more than 30 attorneys and has a highly regarded reputation for its outstanding legal representation of public and private clients, high net worth individuals, entrepreneurs, and real estate developers and investors. Its clients include some of New York's most important real estate developers, and entrepreneurs and the firm is regularly called upon by a who's who in the real estate and private corporate worlds for its in-depth knowledge and seasoned expertise in matters involving complex real estate, corporate and finance transactions. In addition to its offices in New York City, the firm has offices in Los Angeles and New Jersey.

For inquiries please contact Meister Seelig & Fein LLP at 212-655-3500 or on the internet at www.meisterseelig.com

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Attorneys Mentioned: James M. Ringer

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