$106 million recovery for class of shareholders of Reliance Acceptance Group Inc.

Case Abstract
A Lowey Dannenberg team, led by Richard Dannenberg and Richard Cohen, represented a shareholder class that recovered over $100 million as a result of defendants' fraudulent conveyances.

Client
Class of shareholders of Reliance Acceptance Group Inc.

Case Name
In re Reliance Acceptance Group Inc. Securities Litigation, MDL 1304 (D. Del. 2002).

Result
$106 million recovery.

Case Details
In proceedings in which Lowey Dannenberg acted as co-lead counsel to a Bankruptcy Court-appointed Estate Representative, the firm obtained recoveries in a fraudulent conveyance action totaling $106 million.