Shinsei Bank settles with EIEI for $200 million
Tokyo (June 2004). Calvo & Clark led the successful representation of the Japanese bankruptcy trustee for EIE International, a failed multi-billion dollar international real estate developer, against Shinsei Bank in complex civil litigation that involved proceedings in Saipan, Guam, California, and Tokyo. This highly-publicized engagement culminated in a $200 million settlement for EIEI in June of 2004. Calvo & Clark was the first (and to date, the only) U.S. law firm ever to be retained for such a representation in Japan.