David Farkas is a litigator focusing on the financial services and healthcare industries, complex business disputes and construction-related litigation. His clients include major financial institutions, national companies, hospitals and other healthcare providers, and public agencies. Mr. Farkas has over a decade of experience with all aspects of litigation, including law and motion practice, trial practice, and settlement negotiations. He has assisted clients through complex and lengthy litigation to reach favorable outcomes and settlements in multi-million dollar cases. Mr. Farkas' construction litigation practice is informed by transactional experience with large-scale transportation infrastructure projects.
Federal Deposit Insurance Corporation – FDIC v. Van Dellen, et al. Key member of litigation team responsible for prosecuting breach of fiduciary duty and negligence claims against former officers of the failed IndyMac Bank. Claims arise out of the approval of multi-million dollar acquisition, development and construction loans to regional and national homebuilders.
Federal Deposit Insurance Corporation – IndyMac Bancorp v. FDIC. Assisting with defense of the FDIC in a lawsuit brought by IndyMac Bancorp's bankruptcy trustee seeking in excess of $750 million from the FDIC, the receiver for the failed IndyMac Bank.
Cedars-Sinai – Healthcare litigation. Primary attorney responsible for defending various Cedars-Sinai entities against reimbursement claims under California's Knox-Keene Act. Ensured favorable outcomes to the client through vigorous defense. Also assisting Cedars-Sinai Medical Center in pursuing reimbursement claims against healthcare providers.
Los Angeles County Metropolitan Transportation Authority ("Metro" formerly known as "MTA") vs. Parsons-Dillingham. Part of the Nossaman team that has successfully represented Metro since 1996 in litigation and counter litigation with contractors over more than $350 million in costs billed to Metro. The initial liability phase of the trial concluded in the client's favor in June 2009, after more than 110 days in court. The trial court found the defendants liable for breach of contract and established favorable guidelines for an accounting to determine damages. Damages and false claims allegations remain to be tried. Defendants' counterclaims were dismissed in 2004.
Coldwell Banker – Real Estate litigation. Successfully defended Coldwell Banker and its parent company against several lawsuits related to escrowed monies allegedly embezzled from Oscar de la Hoya and other plaintiffs. A proactive defense resulted in a favorable settlement to the client.
Iron Mountain – Business litigation. Successfully defended Iron Mountain against various business tort and unfair competition claims and counter-claims. A pending motion for summary judgment helped lead to a favorable settlement of the case for a nominal amount.