Case Studies
The below highlights and case studies provide an idea of the services we provide—and the results we’ve achieved.
How and where Bluestone can help you.
Judgment Enforcement/Fraudulent Conveyance
After entering a nearly $15 million arbitration award in multiple federal and state courts across the US on behalf of a leading financial institution against a distressed New York based telecommunications distribution company, we initiated a wide ranging discovery process and uncovered more than $12 million in improper insider preference payments within the New York Debtor and Creditor Law statute of limitations. After filing a forty-page brief in support of vacating the fraudulently conveyed funds, and instituting an action against a conspiring law firm that laundered transfers through its trust account to avoid execution, a favorable global settlement was reached. 
Global Arbitration
Favorably resolved a $77 million breach of contract and fraud-related arbitration before the American Arbitration Association on behalf of an Asian/Hong Kong based consumer goods distributor, that also included related parallel federal and state court litigation.
Judgment Enforcement
Lead multi-jurisdictional asset recovery scheme in enforcement of $11 million judgment on behalf of a defrauded investor against New York-based hedge fund principal following a successful SEC action. 
Judgment Enforcement
Represent a leading US fruit processor and distributor in enforcing a multimillion-dollar trial award, affirmed by the Ninth Circuit in California, against Middle East based supplier; conduct worldwide asset discovery of entities and individuals associated with judgment debtor and its operations. 
Foreign Judgment Recognition
Represent overseas financial institutions in seeking recognition and enforcement of multimillion dollar judgments in New York’s Supreme Court and pursue discovery in aid of execution. 
Judgment Enforcement
After entry of a $5 million dollar judgment following a trial in New York’s Supreme Court, and obtaining significant third-party post judgment discovery, we successfully obtained ex parte relief freezing and restraining a noteworthy trove of modern art concealed in an upstate New York country estate to be liquidated at a leading auction house. 
Judgment Enforcement
Represent New York based lender in enforcing a judgment against multiple guarantors located in Europe and South America; obtain order from federal court in New York permitting email service of discovery papers, resulting in a favorable resolution. 
Sovereign Award Enforcement
After entry of a $19 million dollar award against an Ecuadorian state-owned telecommunications provider, we successfully quashed seizure attempts of our third-party client’s assets as the assets were fully secured as confirmed by a security filing in Ecuador. The order quashing the seizure efforts effectively voided the judgment as the telecommunications provider maintained no further assets in the U.S. 
Fraudulent Transfer - Insider
Represent a leading mid-Atlantic commercial property owner with a significant judgment against a former anchor retail tenant, we successfully won a summary judgment motion voiding over a millions dollars in fraudulent transfers made by the former tenant to its insider affiliate. 
Arbitral Award Enforcement
Successfully executed on a state court judgment (based on a California arbitral award) against the U.S. assets of a leading Spanish wine distributor. Nearly $2 million was seized before monies could be channeled back to Spain.
Real Property Fraudulent Transfer
Voided the transfer of real estate by a personal guarantor to a sham LLC of his on behalf of a European lender which provided credit facilities for the purchase of U.S. commercial real estate and was due more than $5 million. Our firm is presently pursuing real estate and mining interests in Israel and Brazil in satisfaction of the remaining balance. 
Reverse Veil Piercing / Successor Liability
Successful eve-of-trial settlement in the prosecution of a New Jersey based loan guarantor who defaulted on a $50 million real estate-related credit line and embarked on a sophisticated effort to continue lending operations via newly created entities. Our firm exposed the scheme, seized accounts, and brought a lawsuit against a successor business, participating investors, and conspiring family members. 
Constructive Fraud / Secured Insider Lender
Represent a foreign export credit insurer in securing a $5 million judgment in federal court in New York against a large fashion distributor. The judgment led to a fraudulent conveyance action against the majority shareholder who repaid secured insider loans to himself during the pendency of the lawsuit and as the business was collapsing. After multiple briefing requests from Judge Jesse Furman, the matter settled favorably and prior to a substantive ruling.
Confessed Judgment Enforcement
Enforce a multi-million-dollar stock purchase agreement and accompanying confessed judgement promissory note on behalf of selling shareholders of a Washington D.C.-based business that was not fully compensated by the acquiring entity due to allegations of financial misrepresentations. Based on alleged breaches of warranties, we effectively opposed the buyer’s request to vacate the confessed judgement, confirming that under state law a confessed judgment may only be vacated if the challenge is directed towards the execution of the note or the amount due—neither of which were present.
Pre-litigation Recovery
Achieved an amicable settlement on behalf of a leading French-based global defense firm where the U.S.-based prime government contractor failed to fully comply with its multimillion-dollar equipment purchase obligations. The client was compensated for the balance and lack of compliance, and we assisted in creating a platform for new sales and continuation of a valuable relationship. 
Successful Dismissal of Fraud Allegations
A complete victory for a Washington, D.C.-based commercial real estate developer where we obtained a full dismissal, with prejudice, of a nine-count lawsuit demanding $21 million for claims of fraud, misrepresentation, and breach of contract. The ten-page opinion from Judge Michael Rankin dismissed each allegation of the plaintiff’s 59-page complaint. 
Arms Broker Arbitration
On behalf of an arms-broker which facilitated the sale of a missile system from a major European defense contractor to an Asian country, and was deprived of payment, we obtained a favorable settlement after bringing an action in the London Court of International Arbitration. 
CISG Summary Judgment Award
Obtained a summary judgment award on behalf of a leading Asian credit insurer against an auto parts distributor in western Pennsylvania. Judge Cathy Bissoon of the U.S. District Court for the Western District of Pennsylvania in Pittsburgh rejected the defendant/buyer’s “technicality-driven arguments” and granted our client the full relief requested. Latest News
News
Bluestone, P.C., a leading asset recovery law firm serving clients around the globe, secured a court victory on behalf of a leading data technology firm doing work for an Ecuadorian state-owned telecommunications provider.