NEW YORK–(BUSINESS WIRE)–Otterbourg P.C. announced today that David Castleman has joined the firm as a member in the Restructuring and Bankruptcy Department. He comes to Otterbourg from Raines Feldman LLP, where he was a partner.
Mr. Castleman’s practice focuses on federal equity receiverships and complex litigation in both state and federal courts. Recognized for his experience in cryptocurrency insolvencies, Mr. Castleman was recently appointed as receiver regarding a $250 million alleged internet-based Ponzi scheme in a case brought by the Commodity Futures Trading Commission in the Southern District of New York. In this, he helped in the recovery of over $100 million for the benefit of claimants, including over $60 million in cryptocurrency held overseas in the first year of the receivership.
“Dave is an impactful lawyer 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 bankruptcy practice and expands the range of complex cryptocurrency services we provide. We are pleased to welcome Dave to Otterbourg.”
Mr. Castleman was previously senior counsel at a prominent litigation boutique firm, working extensively on receivership matters. Earlier, he served as an Assistant Attorney General in the New York Investor Protection Bureau, where he was instrumental in achieving a $714 million global settlement against a major financial institution…
