Our office is currently closed to the public because of Sonoma County’s Shelter-in-Place order. However, please know that we are staying in close contact with client needs. Attorneys and staff are working remotely and closely monitoring messages left either on the general voicemail box or individual’s voice mail and returning your calls. We are also closely monitoring emails. You may find attorney email addresses on this website. If you know the person you would like to email, the address is the person’s last firstname.lastname@example.org. You may also email email@example.com and your request will be forwarded to the appropriate person. We want you to know, we are open for business, just not on-site. Take care in these challenging times.
Actualmente, nuestra oficina está cerrada al público debido a la orden de Albergarse en su lugar de residencia del Condado de Sonoma. Sin embargo, sepa que estamos en contacto cercano con las necesidades de nuetros clientes. Los abogados y el personal trabajan de forma remota y supervisan de cerca los mensajes que se dejan en el buzón de correo de voz general o en el correo de voz individual y devuelven sus llamadas. También estamos monitoreando de cerca los correos electrónicos. Puede encontrar las direcciones de correo electrónico de los abogados en este sitio web. Si conoce a la persona a la que le gustaría enviar un correo electrónico, la dirección es el apellido de la firstname.lastname@example.org. También puede enviar un correo electrónico a email@example.com y su solicitud se enviará a la persona adecuada. Queremos que sepa que estamos abiertos a los negocios, pero no en el sitio. Cuídese en estos tiempos difíciles.
Isaac Gradman is a partner in the firm’s litigation department, concentrating his practice on complex financial litigation and commercial disputes across several practice areas, including civil litigation, structured finance and distressed investments, trusts and estates litigation, securities, and business law. He is one of the nation’s leading legal experts in structured finance and distressed investment disputes, with particular expertise in residential mortgage-backed securities (“RMBS”) litigation and other legal issues stemming from the mortgage crisis. Mr. Gradman has represented some of the country’s largest hedge funds, investment managers, monoline insurance companies and mortgage insurers in high-stakes litigation and transactions involving RMBS, CDOs and whole loan purchases, and has negotiated settlements of disputes leading to recoveries of over 1 billion dollars in the aggregate. He has represented clients in RMBS Trust Instruction Proceedings nationwide, including in California, Minnesota and New York. He leverages that experience into a sophisticated trust and probate litigation practice in Sonoma County and the greater Bay Area, in which Mr. Gradman represents both estates and beneficiaries in all types of trust disputes. Mr. Gradman also frequently assists local clients in business disputes involving real estate, land use, management agreements, wine and grape sales, regulatory issues and permitting, and business sales.
After completing a two-year federal clerkship, Mr. Gradman practiced as a commercial litigator at Arnold & Porter (formerly Howard Rice) in San Francisco. He was involved in some of the earliest litigation arising from the subprime mortgage crisis, including the representation of PMI Mortgage Insurance Co. in a 2007 suit against WMC Mortgage Corp. and its parent, GE Money Bank, over misrepresentations relating to a $1 billion pool of subprime mortgages. In 2008, Mr. Gradman launched, "The Subprime Shakeout," the first law blog devoted to mortgage crisis legal issues from an investor and insurer perspective. He has since become a thought leader and expert practitioner in this space, having been quoted and cited in leading publications around the country and having represented many of the most active investors and insurers in their efforts to hold accountable the banks and other deal parties who originated, underwrote, sold, serviced and/or administered the massive numbers of defective mortgage loans financed between 2005 and 2007. Mr. Gradman frequently speaks on these issues and has published numerous articles and a book on the causes of and proposed solutions to the mortgage crisis entitled, "Way Too Big to Fail: How Government and Private Industry Can Build a Fail-Safe Mortgage System," for which Mr. Gradman served as Editor.
At Perry Johnson, Mr. Gradman has assisted dozens of investors in negotiating direction and indemnity agreements with RMBS trustees, including initiating numerous mortgage repurchase or “putback” cases, forcing large banks to buy back defective mortgage loans that were originated or sold in breach of their underwriting guidelines and/or their representations and warranties. Mr. Gradman has also assisted investors and insurers in compelling RMBS Trustees in pursuing claims against the servicers who were obligated to mitigate bondholder losses. He has served as counsel for investors in Article 77 proceedings in New York concerning the proper distribution of multi-billion dollar settlements of RMBS-related claims against Countrywide, Bank of America, and JPMorgan. Where RMBS Trustees have refused to honor their duties to investors, Mr. Gradman has brought direct actions against Trustees on behalf of investors in venues across the country, including several actions currently pending against some of the largest custodial banks in the country, seeking hundreds of millions of dollars in damages.
Mr. Gradman received his B.A. in Political and Social Thought with Highest Distinction in 2002 from the University of Virginia, where he was a Jefferson Scholar, an Echols Scholar and a member of the Raven Honor Society. In 2005, he received his J.D. cum laude from New York University School of Law, where he was a Dean’s Scholar and a Robert McKay Scholar. Mr. Gradman clerked for two years for the Hon. Joan Lenard in the United States District Court in the Southern District of Florida. Mr. Gradman is admitted to practice law in California.