MJ Capital Funding

/in /by

Bernice Lee serves as the Receiver over MJ Capital Funding, LLC and three related entities in a federal case brought by the SEC that involves a $200 million Ponzi scheme. Promoters misrepresented to investors that their funds would be used to provide merchant cash advances but instead the funds were used to pay alleged returns to investors, and commission and fees to promoters. The Receiver has recovered $16.6 million of which $7.5 million was obtained through voluntary surrender and turnover, worked with investor class representatives to obtain a $26.625 million settlement with a financial institution under which Bernice is the settlement administrator and anticipates disbursing at least $19.5 million to victim investors, and formulated a claims submission process for the receivership and settlement fund through which more than 14,000 claims have been submitted.

Jorge L. Piedra’s Meteoric Rise: 4 Years to Managing Partner

/in /by

By Laura Willis

August 21, 2023

Jorge L. Piedra

Jorge Piedra is an outstanding trial lawyer, said Kozyak Tropin & Throckmorton co-founding partner Harley Tropin.

Click here to read the original article.

Fla. Powerhouses Lead Way In Increasingly Crowded Market

/in /by

By Carolina Bolado

August 18, 2023

The firms honored as Law360’s 2023 Florida Powerhouses range from a single-office firm with a couple of dozen lawyers to one of the largest law firms in the world, but what they have in common is a long history in, and deep understanding of, their home state, which has positioned them as leaders in…

Click here to read the original article.

3rd-Party Releases In Ch. 11 May Die At Supreme Court

/in /by

By Carolina Bolado

August 14, 2023

David L. Rosendorf

Now that the U.S. Supreme Court has agreed to look at the nonconsensual liability releases against the Sackler family in Purdue Pharma’s Chapter 11 plan, bankruptcy experts say the current set of justices, with their textualist bent, could put an end to a tool practitioners have used for decades to get to resolutions in bankruptcy.

Click here to read the original article.

A Panel Just Consolidated an Insulin MDL—Meet the Lawyers Leading the Charge

/in /by

By Lisa Willis

August 4, 2023

Benjamin J. Widlanski

“This may turn into one of the most significant cases in recent history,” attorney Benjamin J. Widlanski said.

Click here to read the original article.

Ex-Florida Lawyer to Take $650K Loss Over Stolen Attorney Fees

/in /by

By Michael A. Mora

July 19, 2023

Charles W. ThrockmortonLatasha G. Hines

Charles Throckmorton and Latasha Hines of the law firm Kozyak Tropin and Throckmorton in Coral Gables represented the plaintiff law firms, Stewart Tilghman Fox Bianchi & Cain, William C. Hearon P.A. and Todd S. Stewart P.A. against the defendant, Kane.

Click here to read the original article.

Podhurst, Kozyak Picked To Lead Class In Chrysler Seat Case

/in /by

By David Minsky

July 19, 2023

Benjamin J. Widlanski

A Florida federal judge picked two “well-qualified” attorneys to represent a group of consumers suing Chrysler over allegedly faulty headrests, appointing Peter Prieto of Podhurst Orseck PA and Benjamin J. Widlanski of Kozyak Tropin & Throckmorton LLP as lead counsel.

Click here to read the original article.

Kozyak Leads Shareholder Class Action in Miami Against U.S. Century Bank Directors

/in /by

By Michael A. Mora

July 6, 2023

Jorge L. Piedra

“What we see lately is more of an effort to buy those local businesses by out-of-state people, who are actually moving here or temporarily moving here, for ulterior motives, with no intentions of growing roots here,” said Jorge Piedra, a partner at Kozyak Tropin & Throckmorton.

Click here to read the original article.

Click here to read the full PDF.

Investors Say Fla. Bank Converted Shares To Benefit PE Firms

/in /by

By David Minsky

July 5, 2023

Jorge L. Piedra

“Their voting interest is not strong enough to elect any truly independent director to the board, that is now all controlled by the seven equity funds,” Jorge Piedra said.

Click here to read the original article.

Click here to read the full PDF.

With a Growing Number of Businesses In Distress, Fla. Lawyers Are Looking at Alternatives to Bankruptcy Filings

/in /by

By Alexander Lugo

June 26, 2023

Bernice C. Lee

Having that real estate roadmap makes the process more attractive, Lee said. But she sees both receiverships and bankruptcy as complementary rather than different practices.

Click here to read the original article.

Click here to read the full PDF.