Gramercy

Gramercy Celebrates Strong Returns as Mass Tort Firm Rueb Stoller Daniel Successfully Refinances $85 Million Loan

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Greenwich, Connecticut — Investment manager Gramercy has delivered promising returns to its investors following the successful refinancing of a substantial loan to a mass tort law firm. This development stands out as a rare positive amid a downturn in mass tort revenues. The law firm Rueb Stoller Daniel effectively managed to refinance its $85 million loan from Gramercy, a move made possible by the settlement of cases that exceeded the loan balance by 135 percent. This information was shared with Gramercy’s investors in a letter dated April 11, which has been seen by sources in … Read more

Gramercy Triumphs with Strong Returns from Law Firm’s Loan Refinancing Amid Legal Sector’s Downturn

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Stamford, Connecticut – In a notable financial maneuver, Gramercy, an investment management firm, has successfully achieved a substantial return on investment by refinancing a loan extended to the mass tort law firm, Rueb Stoller Daniel. This move not only underscores Gramercy’s strategic acumen but also illuminates a ray of hope in an industry that has recently seen a downturn in returns from mass tort proceedings. Interestingly, the successful refinancing of the $85 million loan was buoyed by the law firm’s ability to settle cases which covered more than the outstanding loan amount. Specifically, the settled … Read more