Sub-Prime Mortgages in Arizona
Ironite Fertilizer Victory
Posted on January 24, 2014 in Arizona Loan WorkoutOn October 15, 2013 after four years plus of bare-knuckle litigation and high stakes legal positioning the investment bankers who financed Ironite have their victory. Case closed.
The law firm of William A. Miller represented these investment bankers when the former operator of Ironite Fertilizer sued them for a host of unfounded claims demanding millions and millions in compensation. William A. Miller fought for the investment bankers from the initial motions, through a brutal discovery schedule and all the way to final disposition.
The case saw five different Maricopa County Superior Court Judges, a highly skilled arbitrator, two hostile white shoe law firms and numerous twists and turns. By the end, the case started looking like a Grisham novel.
The Law Firm of William A. Miller was fortunate to have retired Arizona Supreme Court Justice Thomas Zlaket co-chair significant aspects of the case. The steady hand and wise counsel of Justice Zlaket helped obtain a dismissal of the tort-based claims against the individual investment bankers right before trial.
The docket reads like War and Peace http://www.superiorcourt.maricopa.gov/docket/CivilCourtCases/caseInfo.asp?caseNumber=CV2009-023964
The Peace coming when we won in late 2013.
Feel free to call William A. Miller, Esq. 602-319-6899 or email him at bmiller@williamamillerpllc.com.
We also handle, Breach of contract, Non-compete agreements, Non-disclosure agreements, Employee theft and embezzlement, Insurance purchases and enforcement of policy coverage, Negotiation and/or enforcement of commercial leases, Negligence and gross negligence resulting in losses, Intentional acts causing a company to suffer damages, Tortious interference with contractual relationships, Unjust enrichment, Real Estate fraud, Consumer fraud, Conversion/Theft, Intentional and/or negligent misrepresentation, Business torts and Real estate title & escrow.
Your Word is Your Bond
Posted on March 21, 2013 in Arizona Law Regarding Business and Real EstateIt’s hard to figure out why lawyers will not quote what the cost of a suit will be. While, variables do exist, your lawyer should know what these variables might be. That can be factored in. Well, the legal marketplace is changing, and companies are now demanding value-based engagements with their outside firms that create alignment and incentivize the elimination of waste and excessive work. Large corporations—the ones law firms covet as clients—find better value and achieve better results with value-based alternative fee arrangements (VBFs).
According to data provided by members of the Association of Corporate Counsel (ACC), home-appliance maker Whirlpool put in place a system that emphasizes hitting benchmarks on budgets and giving bonuses for ending legal claims sooner rather than later. In the process, it cut its legal costs by about 15 percent. Sherwin Williams cut its spending by a similar amount using VBFs. And Home Depot adopted new billing procedures in 2008, hiring outside lawyers using fixed fees and retainers. As a result, Home Depot cut its legal fees in half.
At the Law Firm of William A. Miller in Scottsdale, Arizona we are happy to arrange a value-based fee agreement and we will stick to it, after all… your word is your bond.
Feel free to call William A. Miller, Esq. 602-319-6899
We also handle, Breach of contract, Non-compete agreements, Non-disclosure agreements, Employee theft and embezzlement, Insurance purchases and enforcement of policy coverage, Negotiation and/or enforcement of commercial leases, Negligence and gross negligence resulting in losses, Intentional acts causing a company to suffer damages, Tortious interference with contractual relationships, Unjust enrichment, Real Estate fraud, Consumer fraud, Conversion/Theft, Intentional and/or negligent misrepresentation, Business torts and Real estate title & escrow.
The End of National Century
Posted on March 15, 2013 in Arizona Law Regarding Business and Real EstateJust weeks before a scheduled trial, Credit Suisse has reached a $400 million settlement in litigation over the demise of National Century Financial Enterprises. The settlement resolves claims that bondholders were defrauded to the tune of $2 billion when National Century collapsed amid a health-care financing scandal in 2002 — and reportedly brings the bondholders’ total recovery in the case to $1 billion. That is about one half of the loss. 11 years ago, I was the first lawyer to file suit against the perpetrators, including Credit Suisse, in this Ponzi scheme. For a lawyer, being involved in this was like reaching the Super Bowl. We litigated this in Florida, Arizona, Washington DC, New York, Ohio and California. The bad guys went to jail, the lawyers made a bunch of money, the investors got back most of their money and I proved a solo practitioner can fight the big guys. We will be posting key pleadings on this web site soon. This part of the case was covered by Bloomberg.
Call us at 602-319-6899 for further questions.
William A. Miller, Esq. Attorney at Law. 8160 North 86th Place, suite 208 Scottsdale Arizona 85253.
We also handle, Breach of contract, Non-compete agreements, Non-disclosure agreements, Employee theft and embezzlement, Insurance purchases and enforcement of policy coverage, Negotiation and/or enforcement of commercial leases, Negligence and gross negligence resulting in losses, Intentional acts causing a company to suffer damages, Tortious interference with contractual relationships, Unjust enrichment, Real Estate fraud, Consumer fraud, Conversion/Theft, Intentional and/or negligent misrepresentation, Business torts and Real estate title & escrow.
How to Sue for Home Defects
Posted on March 6, 2013 in Arizona Law Regarding Business and Real EstateAt the Law Firm of William A. Miller located in Scottsdale Arizona we are often asked to represent buyers who purchased defective homes. Here is a simple legal analysis we perform: What is the timing? The statute of limitations for breach of a written contract is six years from the date that the breach occurred….
Read MoreInvestor Loss? Another Deep Pocket to Sue
Posted on January 7, 2013 in Arizona Law Regarding Business and Real EstateBack in 2002, when I broke the NCFE billion dollar bond fraud case, I sued Moody’s, Fitch and Standard & Poor’s. Portions of the case have been reported in National Law Books, See Parrett v. Bank One, N.A. (In re Nat’l Century Fin. Enters. Inv. Litig.), 323 F.Supp.2d 861, 878 (S.D. Oh. 2004). My fellow lawyers were suspicious of…
Read MoreArizona- Title to Property
Posted on December 19, 2012 in Arizona Law Regarding Business and Real EstateCOMMUNITY PROPERTY: Arizona is a community property state. There is a statutory presumption that all property acquired by husband and wife is community property. Community property is a method of co-ownership for married persons only. Upon death of one of the spouses, the deceased spouse’s interest will pass by either a will or intestate succession….
Read MoreArizona Anti-deficiency law
Posted on February 27, 2012 in Arizona Law Regarding Business and Real EstateIn M&I Marshall & Ilsley Bank v. Mueller, 1 CA-CV 10-0804, the Arizona Court of Appeals said that Arizona’s anti-deficiency statute applies to those who buy land with the intent to occupy the property upon completing building a home even if they do not complete construction and actually occupy the property. In Mueller, the family bought…
Read MoreMortgage Foreclosure Settlement
Posted on February 15, 2012 in Arizona Law Regarding Business and Real EstateSome folks love and others hate the recent $25-billion federal-state mortgage foreclosure settlement, but there’s no getting around one huge and significant issue: Besides, prolonging the crisis, there’s a large, sink hole right in the middle of it. The hole is that if your home loan has been bought from your lender by Fannie Mae…
Read MoreThose who Teach…
Posted on September 19, 2011 in Arizona Law Regarding Business and Real EstateAz law scottsdale lawyer good trial lawyer
Read MoreWhat is Right is Right
Posted on September 15, 2011 in Arizona Law Regarding Business DisputesA new group has made even Karl Marx do ‘back flips’ in his state owned grave. Politicians get asked all the time to sign pledges — about war, abortion, taxes and countless other issues. Now, a coalition of far left legal groups is asking people to sign a new pledge “to support the whole Constitution.”…
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