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Education

  • J.D., Fordham University School of Law, cum laude, 1995
  • B.A., Fordham University, 1992

Bar Admissions

  • Connecticut
  • New York

Court Admissions

  • U.S. District Court, District of Connecticut
  • U.S. District Court, Southern and Eastern Districts of New York

Memberships & Affiliations

Connecticut Superior Court, Arbitrator/Fact Finder/ Attorney Trial Referee

Connecticut Superior Court, Magistrate

Connecticut Superior Court, Special Master

Connecticut Bar Association

Fairfield County Bar Association, Board Member

Fairfield County Bar Foundation, Board Member

Association of the Bar of the City of New York

Joseph J. Cherico

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Partner
  • T: 203.399.5940
    F: 203.399.5840

Representative Matters

MORTGAGE AND LENDING
Representation of lenders, special servicers/trustees for securitized mortgage pools, and investors in commercial and complex residential foreclosure actions, including judicial foreclosures and foreclosure sales, and all related proceedings, such as:
    • Applications for prejudgment remedies;
    • Motions to appoint receivers;
    • Defending against counterclaims for alleged breaches of contract, bad faith, tortious interference, violations of unfair trade practices acts and similar defenses; 
    • A hearing on the validity and legal effect of an unrecorded partial release raised for the first time after bids were received at a foreclosure sale;
    • Objecting to discovery regarding the scope and validity of an endorsement on a note sought from out-of-state employees of our bank client;
    • The appeal of an order denying our bank client access to mortgaged property for purposes of conducting environmental inspections; 
    • Seeking to void a tax lien sale and reinstate our bank client’s collateral on the ground that the bank was deprived of its constitutional due process rights where notice of the tax lien sale was deficient;
    • Advising clients on landlord/tenant, insurance and other property management issues after taking title to foreclosed property; and
    • Domesticating and enforcing money judgments. 
INSURANCE
Defended mortgage insurance company in arbitration proceeding commenced by insured lending institution seeking coverage on portfolio of defaulted loans, including loans obtained with falsified appraisals.
Defended mortgage insurance company in litigation and arbitration involving various subprime and Alt-A lenders following rescission of insurance coverage on loan portfolios with excessive early term delinquencies.
Representation of corporate policyholders seeking insurance coverage for damage to commercial property, business interruption losses, and indemnification and defense costs incurred in asbestos and D&O litigation.
Representation of corporate policyholders in litigation and arbitration seeking the return of collateral securing self-funded retentions.
Represented insurer in proceedings before Connecticut Insurance Department in connection with proposed acquisition of competing insurance company.
FINANCIAL SERVICES LITIGATION
Defended financial services company in federal lawsuit alleging fraud, negligence and breach of fiduciary duty in connection with its underwriting of multiple loan transactions.
Defended financial institutions serving as underwriters of an IPO in putative class action alleging violations of Sections 11 and 12 of the Securities Act of 1933.
Represented investor in federal lawsuit alleging fraud and violations of Rule 10b-5, and defending investor in state court litigation alleging diversion of corporate opportunities.
Representation of clients in responding to SEC subpoenas and other government/regulatory investigations.
OTHER BUSINESS LITIGATION
Handle IP matters, including patent infringement litigation and related claims (breach of licensing & distribution agreements, tortious interference with business relations, misappropriation of trade secrets, trade libel & unfair trade practices claims).
Defended UK's largest food producer in putative class action alleging failure to warn consumers of potential allergic reactions and other health risks.
Defended major petroleum company in lawsuit alleging environmental liability.
Represented the Office of the Treasurer of the State of Connecticut in action, tried to a jury verdict, for breach of contract and breach of fiduciary duty to recover mismanaged pension funds.
Defended employee benefits provider in multidistrict litigation alleging antitrust, RICO and ERISA violations arising from payments of contingent compensation to insurance brokers and in related investigations conducted by various state regulators.