Israel Dahan concentrates his practice on the representation of public and private companies, financial institutions, corporate executives and individuals involved in high-stakes commercial and securities litigation matters. He has extensive experience litigating cases involving the federal securities laws, mergers and acquisitions, internal corporate governance, the fiduciary obligations of corporate directors, insider trading, fraud, RICO, tortious conduct and breach of contract. Israel has handled many trials, arbitrations and mediations, and appeared in state and federal courts throughout the country.
Israel also has extensive experience representing debtors, secured lenders and other creditors in federal bankruptcy court, particularly in contentious matters involving claims for fraudulent conveyance and preferential transfers and the liquidation of contracts and trades involving commodities, credit default swaps, and other derivative products.
In addition, Israel has represented and advised companies and individuals involved in internal and government investigations and regulatory proceedings pursued by the Department of Justice, the Securities and Exchange Commission and the New York Stock Exchange Division of Enforcement.
Israel has been recognized by Benchmark Litigation for his legal abilities and work on high-profile litigation matters.
Israel graduated summa cum laude from Touro College and cum laude from Brooklyn Law School, where he was Note and Comment Editor of the Journal of Law and Policy. He is admitted to practice in New York and New Jersey and before the U.S. Supreme Court, the U.S. Courts of Appeal for the Second Circuit, the U.S. District Court for the Southern District of New York and the U.S. District Court for New Jersey.
• Cadwalader Practitioners Lauded in Latest Edition of Benchmark Litigation Oct 08, 2009
Clients & Friends Memos
• Lyondell Bankruptcy Court Holds That Safe Harbors Do Not Prohibit Creditors From Asserting State Law Constructive Fraudulent Transfer Claims Jan 29, 2014
• Foreign-Cubed Case Rejected Feb 01, 2009
Commercial Litigation Matters
•Representing professional sports athlete in an action involving claims for violation of RICO and other torts.
•Representing The Renco Group and other affiliated entities in an action involving claims of breach of contract, tortious interference and veil piercing.
•Represented Canadian company in a U.S. copyright infringement action.
•Represented Bank of America in several actions involving the repurchase of loans sold in mortgage-backed securitizations.
•Represented private equity funds and their executives in an action involving claims for breach of fiduciary duty.
•Represented private equity funds and their executives in a WARN Act suit.
•Represented several foreign directors and officers of a U.S. public company in an action involving claims for breach of contract, breach of fiduciary duty and fraud related to merger.
•Represented General Atomic Technologies Corporation in an action involving RICO and antitrust claims.
•Represented Ambac in a breach of contract action concerning lease financing and credit default swap agreements.
•Represented Value Health Care, an affiliate of Omnicare, Inc., in a breach of contract action seeking to enforce a $5 million guaranty agreement.
•Represented ShopRite Supermarkets in litigation with the largest member of the ShopRite cooperative over that member's $200 million payment obligation upon seeking to withdraw from the cooperative.
Securities Litigation Matters
•Representing an individual in a federal securities class action alleging violations of the federal securities laws.
•Representing Deutsche Bank Securities in several private securities fraud actions involving naked short selling activities.
•Represented Bear Stearns Companies, Inc. and several of its former directors and officers in federal and state shareholder actions relating to the merger of Bear Stearns with JPMorgan Chase & Co.
•Represented group of underwriters of three offerings of securities, aggregating in excess of $3 billion, issued by The Williams Companies in a federal securities class action asserting claims under Sections 11 and 12(a)(2) of the Securities Act of 1933.
•Represented Majesco Entertainment and its officers and directors in a federal securities class action and separate derivative action.
•Represented Group 1 Software in an action seeking to enjoin its merger with Pitney Bowes.
Bankruptcy Litigation Matters
•Representing Citigroup Global Markets Inc. and Citigroup Global Markets Limited in an adversary proceeding filed by the Thornburg bankruptcy trustee seeking to avoid over $2 billion in transfers and other obligations that Thornburg made or assumed prior to bankruptcy.
•Representing individuals and corporate creditors in various Chapter 11 proceedings.
•Represented Lyondell in its chapter 11 bankruptcy.
•Represented Vertis Inc. in its Chapter 11 bankruptcy and plan confirmation. Managed a team of attorneys with respect to litigation matters associated with the bankruptcy.
•Represented Apollo Health Street, Inc. in a contested involuntary bankruptcy petition filed against Apollo by certain of the company's creditors and obtained dismissal of the case in just three weeks. Also, represented Apollo in a separate lawsuit against the petitioning creditors and obtained significant monetary recovery for Apollo.
•Represented US Bank, N.A. as indenture trustee of debt issued with respect to leveraged leases of two Dynegy power generation facilities in the Dynegy Holdings LLC bankruptcy.
•Represented several major creditors and trading counterparties of Lehman and provided advice concerning the liquidation of contracts and trades involving commodities, foreign exchange, interest rate, credit default swaps, and other derivative products.
•Represented Icahn Associates as secured lender defeating subordination and other claims in the Blockbuster chapter 11 cases.
•Represented Bay Harbour and affiliated funds and individuals in breach of fiduciary duty and veil piercing claims brought by the creditors committee in the Steve & Barry's bankruptcy.
•Represented Enron Corp. in connection with more than 40 separate adversary proceedings seeking to recover monies owed to the Enron estate under swaps, forwards and other derivative contracts, successfully recovering $2 billion for the estate.
•Represented Northwest Airlines in its chapter 11 bankruptcy and was instrumental in defeating challenges filed by official and ad hoc committees to plan confirmation.
Internal And Government Investigations
•Representing Fortune 500 company in accounting fraud investigation by the Securities and Exchange Commission.
•Represented individual in postal fraud investigation by the Department of Justice.
•Represented various companies in state and federal government investigations involving late trading, market timing and market manipulation.