David R. Zaro is a partner in our Los Angeles office, where his practice focuses upon litigation with an emphasis upon creditors' rights, bankruptcy litigation, and state and federal receiverships. David represents a wide range of clients including banks and other institutional lenders, developers, landlords, receivers, examiners, secured and unsecured creditors, and other business enterprises. David has extensive experience as a bankruptcy lawyer as well as a trial lawyer in federal and state courts in California and several other jurisdictions. His experience in the field of insolvency, creditors' rights, and bankruptcy litigation includes out-of-court workouts and restructurings, federal and state court receiverships, and bankruptcy reorganization proceedings. David also advises residential and commercial lenders and others regarding all aspects of commercial law with regard to commercial and residential mortgage litigation, bank regulatory disputes, and collection actions. David's representative cases include the representation of Court Appointed Receivers in a $1.2 billion fraud action brought by the Securities and Exchange Commission in connection with the sale of TIC and other interests in 300 assisted living facilities; and a $750 million ponzi-like scheme involving the purchase of medical related receivables and related lending transactions; representation of lender in workout of mezzanine financing on a multi-building office park; defense of actions in bankruptcy by junior lienholder and debtor against lender on a industrial park; and structure lease termination and modifications for commercial and retail tenants both in and out of bankruptcy. David has lectured on matters regarding residential and commercial mortgage litigation and workouts, creditors' rights, construction law, and other real property remedies. Memberships ˇ Financial Lawyer's Conference ˇ American Bankruptcy Institute ˇ Turnaround Management Association Accolades ˇ Awarded Turnaround Management Association's Transaction of the Year- Large Turnaround Award (2011) Education David received his B.A. from Stanford University and obtained his J.D. from the University of California, Hastings College of The Law. Representative Matters Bank Representation ˇ Residential and Commercial Bank. Represented a residential and commercial bank in defending several thousand lawsuits throughout California and managed local counsel in 20 other states. The lawsuits concern allegations of mortgage fraud, wrongful foreclosure, violations of TILA, RESPA, HOSPA, and other statutory and regulatory issues. ˇ Residential and Commercial Lender. Represented a residential and commercial lender in the workout and collection of a portfolio of commercial loans exceeding $1 billion. ˇ Residential and Commercial Lender. Represented a residential and commercial lender as to the workout and collections of a portfolio of construction loans. Some loans involving completed projects as well as those in progress. Receiverships Cases ˇ SEC v. Sunwest Management, U.S. District Court, Oregon. Represented the receiver appointed at the request of the SEC for an enterprise involving $1.2 billion in assets and liabilities. The enterprise involved selling TIC and LLC interest in approximately 300 assisted living facilities. ˇ SEC v. Medical Capital Holding, U.S. District Court, Central District of California. Represented the receiver appointed at the request of the SEC with regard to ponzi-like scheme which raised over $1 billion ostensibly to purchase medical receivables. ˇ SEC v. Global Online Direct, Inc., U.S. District Court, Northern District of Georgia. Represented the receiver appointed at the request of the SEC for a company raising over $45 million through the sale of alleged unregistered securities. ˇ SEC v. Trabulse, et al., U.S. District Court, Northern District of California. Represented the receiver appointed at the request of the SEC for a hedge fund. ˇ SEC v. C. Wesley Rhodes, Jr. et al., U.S. District Court, Portland. Represented the receiver appointed at the request of the SEC for an investment advisor. ˇ SEC v. Credit First Fund, U.S. District Court, Central District of California. Represented the receiver appointed at the request of the SEC for the operator of distressed consumer debt portfolios. Events 5/15/2009 - 5/17/2009, The State Bar of California-Real Property Section - 28th Annual Retreat
Olympic Valley, California
Speakers: Thomas W. Henning and David R. Zaro 3/13/2009, ABI - Bankruptcy Battleground West Conference The Beverly Wilshire
Beverly Hills, California
Speakers: David R. Zaro |