Pre-Litigation Workouts and Settlements

Pre-Litigation Workouts

Most business transactions do not result in litigation.  However, sometimes issues arise prior to closing or during the negotiation and modification of an existing agreement.  Shumener, Odson & Oh LLP is here to help in these situations and can recognize issues to assist you in avoiding litigation and ensure that your rights are preserved in the event litigation becomes necessary.

Workout Services:

  • Default & Demand Letters
  • Pre-negotiation Letters
  • Workouts of Purchase and Sale of Commercial Real Property Disputes
  • Workouts with Developers, Contractors and Subcontractors for Multi-million dollar Properties
  • Commercial and Retail Landlord Workouts
  • Commercial Loan Workouts
  • Assessment of Purchase of Loan Portfolio
  • Mediation

Representative Workout Services

  • Assisted an opportunity fund in the negotiation of the purchase price of a $140 million loan secured by an condominium complex that was not yet fully constructed due to the developer’s failure
  • Negotiated settlements and releases of millions of dollars of contractor and subcontractor liens after client’s purchase of uncompleted development
  • Represented a national bank in work outs for several of their troubled construction loans