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Katten Obtains Complete Defense Judgment for Square Mile Capital Management

Firm News | June 2, 2014

Katten obtained a complete defense judgment for Square Mile Capital Management LLC, a private equity firm in New York that manages investments in secured hotel debt, in a bet-the-company lawsuit. After a five-day bench trial on an $80 million lender liability claim, the Orange County Superior Court entered a complete defense judgment in favor of Square Mile and against plaintiff Ronnie Lam. The court ordered plaintiff, a wealthy developer, to refund Square Mile all its defense fees and costs, finding that Katten's work was "first rate" and that its billing and staffing were reasonable. Litigators Steve Cochran and Yonaton Rosenzweig represented Square Mile.  

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