NEW YORK–(BUSINESS WIRE)–Otterbourg PC announced today David Castleman joined the firm as a member of the Restructuring and Insolvency department. He comes to Otterbourg from Raines Feldman LLP, where he was a partner.
Mr. Castleman’s practice focuses on federal bankruptcy administration and complex litigation in state and federal courts. Mr. Castleman, who is known for his experience in cryptocurrency bankruptcies, was recently appointed as bankruptcy trustee in relation to an alleged $250 million internet-based Ponzi scheme in a case brought by the Commodity Futures Trading Commission in the Southern District of New York York was strained. In doing so, he helped recover over $100 million in favor of the plaintiffs, including over $60 million in cryptocurrency held overseas during the first year of receivership.
“Dave is an effective attorney with an impressive track record in a very demanding practice,” said Richard Stehl, Otterbourg’s Chairman. “He brings unique skills to Otterbourg that enhance our insolvency practice and broaden the range of complex cryptocurrency services we offer. We look forward to welcoming Dave to Otterbourg.”
Mr. Castleman was previously Senior Counsel at a well-known litigation law firm and worked extensively on receivership matters. He previously served as Assistant Attorney General at the New York Investor Protection Bureau, where he was instrumental in obtaining a $714 million global settlement against a major financial institution on behalf of fraud victims. Mr. Castleman was a key contributor to novel strategies by the New York Attorney General to use the Martin Act to hold fossil fuel companies responsible for contributing to climate change. He received his JD, cum laude and Order of the Coif from the University of Pennsylvania Law School, where he served as Executive Editor of the Law Review.
“Dave will be a valuable addition to our practice, strengthening our fiduciary and receivership practice and enhancing the cryptocurrency forensics services provided by Erik Weinick and Phil Berg,” said Melanie Cyganowski, Chair of the Firm’s Reorganization and Bankruptcy Division and former Chief Justice of the Bankruptcy Court East District.
Otterbourg’s restructuring and bankruptcy group specializes in representing all types of stakeholders in bankruptcy matters in the United States, as well as bankruptcy matters that may affect other jurisdictions in Europe, Asia and Latin America. The practice provides legal services in all areas of debtor and creditor law, including reviewing contracts, restructuring agreements, general insolvency issues, strategic planning and fraud detection and analysis.
About Otterbourg PC
Otterbourg PC offers clients a unique combination of legal insights and practical solutions and is known for its integrity, legal expertise, stability and business knowledge. Established in 1909, the firm regularly represents clients in domestic and international matters, including banks, finance companies, hedge funds, private equity firms, real estate investment firms, corporate clients and high net worth individuals. The firm’s practice areas include domestic and cross-border financing, litigation and alternative dispute resolution, real estate, restructuring and bankruptcy, mergers and acquisitions and other corporate transactions, and trusts and real estate.