Bankruptcy lawyer Albert Togut appointed interim trustee in Kossoff law firm Chapter 7 proceedings
Albert Togut, founder of Togut, Segal & Segal, has been appointed interim trustee in the involuntary Chapter 7 bankruptcy of the law firm of real estate attorney Mitchell Kossoff, according to documents filed in the U.S. District Bankruptcy Court on Wednesday. southern New York.
Kossoff has been accused of stealing millions of dollars he was believed to be holding in escrow for clients, activity at the center of a spate of state and federal lawsuits filed in recent weeks in Manhattan and at the center of an investigation by the Manhattan District Attorney’s Office.
Togut brings extensive bankruptcy experience to law firms including Dewey & Leboeuf, which filed for Chapter 11 bankruptcy protection in 2012 as one of the largest law firms in the United States. United.
Togut was lead counsel in the Dewey & Leboeuf case, and he noted Thursday that his experience with law firm bankruptcies dates back decades. He was first an advisor to the official creditors committee and eventually trustee in Finley, Kumble, Wagner, Heine, Underberg, Manley, Myerson & Casey, chapter 11, and he continued to play the same roles in Chapter 11 bankruptcies of Shea & Gould, Bower & Gardner and Berger Steingut.
Togut declined to comment specifically on the Kossoff case, explaining that it is only in the early stages of administering the estate.
U.S. bankruptcy judge David Jones filed orders on Tuesday noting that the Kossoff company had not filed a response or petition in the month since the involuntary petition was filed.
The firm’s representation in the bankruptcy case is listed as pro se on Pacer, and lawyers who have allegedly represented Kossoff in other cases declined to comment or did not respond to the request for comment on Thursday.
U.S. District Judge Ronnie Abrams of the Southern District of New York in April issued a temporary restraining order barring Kossoff from using multiple bank accounts allegedly associated with escrow funds.
Abrams is presiding over a lawsuit filed by one of Kossoff’s clients, the real estate company and hotel operator Gran Sabana Corp., which alleged that one of Kossoff’s business partners confirmed he had stolen more than $ 4.5 million of Gran Sabana’s escrow funds.
Along with the alleged misuse of client funds, Kossoff has been accused of forging his 94-year-old mother’s signature on loan documents, according to a lawsuit she filed in Manhattan Supreme Court in April. .
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