This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Manatt Successfully Defends Alan Casden In Complex, Multimillion-Dollar Breach Of Contract Matter

NEW YORK, June 21, 2013 /PRNewswire/ -- The U.S. District Court for the Southern District of New York yesterday ruled in favor of Manatt, Phelps & Phillips, LLP, client Alan Casden 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 Alan Casden. "Madeleine's claims were meritless, and Mr. Casden is happy to put this matter to rest."

Madeleine sued to collect approximately $12 million 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 $1 billion. Mr. Casden denied that he owed any money pursuant to the terms of the note.

The case, initially filed in March 2012, went to two-day bench trial in late April 2013 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 and associate Amy Terry Sheehan, both of the firm's New York office.

About Manatt, Phelps & Phillips, LLPManatt, Phelps & Phillips, LLP, is one of the nation's leading law firms, with offices strategically located in California ( Los Angeles, Orange County, Palo Alto, San Francisco and Sacramento), New York ( New York City and Albany) and Washington, 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


Lawrence Martinez, (310) 231-5443Manatt, Phelps & Phillips, LLP

SOURCE Manatt, Phelps & Phillips, LLP

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.21 -0.44%
FB $117.80 -0.22%
GOOG $701.26 0.80%
TSLA $211.34 -5.00%
YHOO $36.94 2.60%


Chart of I:DJI
DOW 17,660.71 +9.45 0.05%
S&P 500 2,050.63 -0.49 -0.02%
NASDAQ 4,717.0940 -8.5450 -0.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs