
Strategic Legal Counsel Backed by Trusted Client Partnerships
Cornelius & Associates bring together over 65 years of combined experience in litigation, bankruptcy, and transactional and corporate law. Founded in 2019, the firm was born from a desire to provide clients with a more personalized, hands-on legal experience—led by attorneys who are deeply involved in every matter we take on.
We take a strategic, client-centered approach to every case and transaction with due regard for legal fees in order to maximize outcomes and minimize legal expenses. Our founder, who has practiced law for over 30 years, including 24 years as a partner at a Santa Monica firm - built this practice to offer tailored, high-quality legal counsel with the agility and responsiveness that larger firms often cannot provide but with the same level of skills, experience and results.
We handle complex litigation related to commercial, business, real estate, construction, and employment disputes in both state and federal courts. In the bankruptcy arena, we advise on bankruptcies, workouts, and creditors rights and remedies. Our transactional practice is equally robust, encompassing everything from entity formation and capitalization structures to mergers, acquisitions and dispositions, financings, and corporate governance.
Our clients include high-net-worth individuals and privately held companies who rely on us not just for legal execution—but for strategic insight, discretion, and long-term advice as to their business operations and/or investments. Whether navigating a contentious dispute or structuring a high-value transaction, we focus on efficiency, clarity, and results.
Successes
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Represent privately held income funds that acquired numerous real estate assets in various classes and states including multifamily, retail, hospitality, office and telecom for a portfolio collectively in excess of $1B. Work includes purchase and sale agreements, due diligence and lease analysis, conduit loan financing, and company/entity formation and capital structure.
Represent several developers in the Los Angeles area in connection with the acquisition of dozens of properties for the development of multifamily projects of 25 to 150 units, collectively in excess of $250MM. Work includes purchase and sale agreements, due diligence, financing and corporate structure and management.
Represent high wealth individuals for the purchase and sale of some of the most expensive and lavish residential real estate in Los Angeles including a $98 million purchase (property and personal property) on Bel Air Road in Los Angeles, $50 million sale on Nimes in Beverly Hills, $34MM sale on Hillside in Los Angeles, $11MM purchase on Corona Del Mar in Pacific Palisades and numerous purchases and sales of residential properties from $10MM to $30MM in greater Los Angeles, Ventura and Santa Barbara Counties.
Represent clients for purchases and due diligence for: $8MM industrial property in Santa Fe Springs; $5MM condominium in Hollywood; $6MM Walgreens in Indio; $2.2MM Dollar Tree in North Carolina; $2.1MM Divita Dialysis Center in Wisconsin; $2.6MM Sherwin-Williams in Nevada and numerous other transactions for various types and classes of real property.
Represent clients in purchase of $4.5MM note and deed of trust related to residential real estate development in Pacific Palisades and commenced foreclosure and litigation to enforce the same.
Represent investment group for purchase 500 acres of the Holcomb Valley Ranch in Big Bear California for $3.5MM for development of a “Glamping” destination resort. Transaction closed after the firm commenced litigation and through mediation.
Represented purchaser in $60MM purchase of a historic Los Angeles property and restaurants, including equity financing, purchase and sale agreements, transfer of licenses, formation of operating entities, WARN Act notices and related issues.
Represented trademark licensor in negotiating over $200MM in licensing agreements to expand use of the client’s marks into several new product categories, and guaranteeing minimum royalties, advertising commitments and additional minimum spend commitments by licensees.
Coordinated due diligence and prepared closing documents for the $8MM+ sale of a local paper goods distributor to a Fortune 500 conglomerate.
Represented seller of a winery in a multi-million dollar transaction through a complex purchase and sale transaction and documented all agreements including employment agreements for “earnout” and assignments of applicable licenses and permits to operate.
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Worked out of borrower’s disputes with New York investment fund for a $100 million real estate transaction in Hasley Canyon, California. We were able to dissolve all the personal guaranties and obtain a release of all claims in exchange for surrendering the property through a deed in lieu and by the turnover of all of the entitlements, project plans and construction contracts which were held in a separate entity from the borrower.
Worked out an ambulance service of a revolving line of credit with Farmers and Merchants Bank for $28 million. Negotiated extension and loan modification agreements which allowed the company sufficient time to find a buyer. Drafted and prepared the purchase and sale agreements of the assets of the company and employment contracts for the principals that remained with the company after the sale to secure their “earnout” compensation.
Represented multifamily real estate developer and his limited liability companies, in connection with two real estate development projects which were approximately $25 million over budget during COVID. The firm worked out a settlement which included the release of the developer and his partner in exchange for surrendering their equity interest in the real estate projects to the lender, a private equity fund.
Negotiated a substantially reduced payoff of a Securities Exchange Commission judgment on behalf of client previously convicted for insider trading.
Completed a workout and an assignment for benefit of creditors for a consumer product manufacturing company that had a revolving line of credit for $5 million. The line of credit was in default. The firm negotiated an extension and loan modification agreement with the lender, while assisting the client to locate a buyer. Effectuated the sale of the company’s assets to a Chinese entity, commented upon all of the purchase and sale documents and prepared employment agreements for the principals to work at Newco. The shell of the former company (because it had sold all its assets), the Firm took it through an assignment for the benefit of creditors process which, rather than a bankruptcy, was used to pay the unsecured trade creditors $0.15-$0.20 cents on the dollar.
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Obtained a defense verdict after a multi-week jury trial where the plaintiff sought over $100MM in damages, alleging fraud, breach of fiduciary duty, breach of contract and other causes of action in connection with the financing, development and operation of 16 hotels.
Obtained a plaintiff verdict in corporate ownership dispute after 12 day jury trial and obtained for the client control of the corporate processing plant worth $16MM and $2.8MM in damages.
Obtained a plaintiff summary judgment and writs or possession to seize aircraft part manufacturing equipment worth $10MM.
Obtained multiple plaintiff judgments and/or arbitration awards: $5.4MM for fraud, breach of contract and breach of fiduciary duty claims; $850,000 for conversion and breach of fiduciary duty by escrow company; $750,000 in a construction defect and fraudulent billing case; $550,000 in a trespass case; and many more judgments, awards and settlement between $100,000 and $500,000.
Obtained settlement of $1.5MM for breach of fiduciary duty claims related to botched hotel development through mediation after litigation.
Obtained a defense summary judgment in favor of ski lift operator in a case where a minor allegedly suffered a traumatic brain injury and was claiming millions of dollars in damages.
Secured a defense jury verdict on behalf of a trampoline park operator in a personal injury trial involving a high school football star who suffered a career-ending injury. While other defendants were ordered to pay millions in damages, the client was found not liable.
Achieved dismissal without payment in a premises liability case where the plaintiff had made a $1 million demand. Strategic investigation uncovered multiple lies and inconsistencies in the plaintiff’s claims, leading to a complete defense victory
Obtained claimant settlement after two week arbitration for rescission of purchase of medical practice in amount of $2.5MM.
Obtained claimant arbitration award after two week arbitration for control of historic Edgar Rice Burroughs real estate holdings in Tarzana, California.
Obtained dismissal of wrongful foreclosure action on summary judgment and thereafter successfully brought an attorney’s fees motion in favor of the client.
Negotiated multi-million dollar settlements of a construction defect case against the general contractor and the subcontractor in relation to a luxury residence in Carpinteria, California.
Negotiated a multi-million dollar settlement in favor of our client in a Federal Court RICO action relating to bribery of a client’s employees by a customer in the importation and sale of goods from Asia.
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Represented owner of a multifamily complex, that owed approximately $40MM to a bank and which was in default due to a technical line of credit default. The loan was sold to a “vulture fund” as a distressed asset. After the vulture fund began to foreclose on the property, the firm filed a Chapter 11 bankruptcy proceeding to block the foreclosure and, over the course of 4 ½ years, fought with fund and proposed various plans of reorganization. During the trial to confirm the plan of organization, the parties entered into settlement discussions. The firm negotiated a settlement agreement which allowed for the refinance of the property and the payment of loan owned by the fund. In this case, the drawn out and protracted nature of the plan of reorganization and litigation allowed the real estate market in Los Angeles to recover over a 4 ½ year period, making refinance possible.
Represented a medical practice with over 20 locations in Chapter 7 bankruptcy, ultimately negotiating release for client of personal liability on $20 million in secured and unsecured debts, after litigating alter ego and related issues with several creditors to reach a resolution.
Represented one of the largest creditors of this health care maintenance organization and successfully lobbied the United States Trustee to include the creditor in the Official Committee of Unsecured Creditors, which oversaw the reorganization of the debtor. The firm acted as the creditor’s representative on the Committee and participated in the claim adjudication process.
Represented the Official Committee of Unsecured Creditors in a publicized case which involved the liquidation of a non-profit health care clinic organization. The case was commenced as a result of the clinic’s loss of funding by the County of Los Angeles and State of California due to officer and director misconduct. The firm, on behalf of the Committee, was successful in confirming a liquidating Chapter 11 plan and successfully prosecuted preference and claims objections in order to maximize the recovery by the creditors.
Represented a debtor in this case which involved the reorganization of a 192-unit apartment complex in the city of Paramount valued in excess of $18 million financed by tax-exempt municipal bonds. In this hotly contested Chapter 11 case, the firm was successful in obtaining an order for the debtor’s use of cash collateral, an approved disclosure statement, and an order extending the debtor’s exclusivity period to confirm its plan of reorganization, among others, all over the objections of the disputed secured creditor. The firm solicited a plan of reorganization that was approved by all of the Debtor’s undisputed creditors; however, through the efforts of the firm, the debtor and creditor in this case worked out their differences and this case was voluntarily dismissed.
Represented debtor in reorganization of a $20 million real estate project. After a valuation hearing lasting several days, the Court ruled in the debtor’s favor that the debtor had substantial equity in its real property. Several contested matters in this case were appealed to the District Court, Bankruptcy Appellate Panel, Ninth Circuit Court of Appeals and the United States Supreme Court. Through the efforts of the firm, the debtor and creditor in this case worked out their differences and this case was voluntarily dismissed.
Represented the debtor in a Chapter 11 case involving a major construction company. A plan of reorganization and disclosure statement were approved based on the firm’s filings.