June 21, 2013
/PRNewswire/ -- The U.S. District Court for the Southern District of
yesterday ruled in favor of Manatt, Phelps & Phillips, LLP, client
in a multimillion-dollar breach of contract case brought by Madeleine LLC, a subsidiary of Cerberus Partners.
"The decision to dismiss all of Madeleine's complaints is extremely gratifying," said Manatt partner
Robert H. Platt
, lead counsel for
. "Madeleine's claims were meritless, and Mr. Casden is happy to put this matter to rest."
Madeleine sued to collect approximately
that was alleged to be owed under the terms of a promissory note given in 2002 as part of a much broader series of real estate transactions totaling nearly
. Mr. Casden denied that he owed any money pursuant to the terms of the note.
The case, initially filed in
, went to two-day bench trial in late
and was tried before U.S. District Court Judge
Katherine B. Forrest
"This case stemmed from a complex series of transactions and negotiations, and we're pleased that Judge Forrest carefully reviewed all of the background details and ultimately ruled in favor of our client," said Manatt New York litigation partner
Kenneth D. Friedman
, a member of the trial team.
In addition to Platt and Friedman, the bicoastal Manatt team included partner
Michael R. Gordon
Amy Terry Sheehan
, both of the firm's
About Manatt, Phelps & Phillips, LLP
Manatt, Phelps & Phillips, LLP, is one of the nation's leading law firms, with offices strategically located in
New York City
, D.C. The firm represents a sophisticated client base — including Fortune 500, middle-market and emerging companies — across a range of practice areas and industry sectors. For more information, visit
, (310) 231-5443Manatt, Phelps & Phillips, LLP
SOURCE Manatt, Phelps & Phillips, LLP