Courts roundup: Fortress seeks $70M; Columbia Pacific $44.5M; Lone Star $8.5M

Fortress alleges Charles S. Cohen improperly transferred $70M in assets: Fortress Investment Group, which won a $187.25 million judgment against Charles S. Cohen of Cohen Brothers Realty, alleges Cohen improperly transferred a Connecticut home and a yacht worth a combined $70 million, to his wife.

Court filings represent the position of one party and are not necessarily accurate or complete.
According to the complaint, “Fortress brings this fraudulent transfer action to unwind approximately $70,000,000 in transfers that Defendant and Judgment Debtor Charles S. Cohen (“Cohen”) made for the benefit of his spouse… in a scheme designed to frustrate Fortress’ efforts to collect from Cohen what it is lawfully owed… [on] March 17, 2025, this Court entered final judgment against Cohen in the Guaranty Action in the amount of $187,250,000…The transferred assets include Cohen’s 30-plus-acre property in Greenwich, Connecticut (the “Greenwich Property”), valued at approximately $20,000,000… Around the same time, Cohen also transferred to Mrs. Cohen a 220-foot superyacht called “Seasense” and several other luxury sea vessels named “Clo Sea,” “Senseless,” “Sea S Sea,” and “Nonsense” (together, the “Vessels”), collectively valued at over $50,000,000.” Cohen has denied the transfers were improper, saying, according to the filing, he “neither had, nor has any intention to ‘dissipate’ his assets to evade a judgment.”
Case LINK

Columbia Pacific Advisors sue Dynamic Star, Namdar principals for $44.5M in Bronx:  Columbia Pacific Advisors filed a lawsuit alleging loans totaling $44.5 million given to Gary Segal’s Dynamic Star and Igal Namdar’s Namdar Realty Group and secured by 320 West Fordham Road in University Heights, the Bronx, were in default.
According to the complaint, this is not a pre-foreclosure, it is a suit seeking a payment of money. “This is an action to enforce Plaintiff’s rights to payment under that certain Payment and Performance Guaranty, dated as of March 1, 2022.”

The complaint is seeking to enforce personal guaranties of loan with an original principal of $40 million. The current principal is $44.5 million. Columbia Pacific is seeking over $50.7 million plus costs. The loans matured August 8, 2024, and allegedly remain unpaid.
Direct link to the property’s ACRIS page

Case LINK

Lone Star Funds seeks $8.5M from estate of Serge Hoyda: Note buyer Lone Star Funds filed an $8.5 million pre-foreclosure action alleging loans given to the late real estate developer Serge Hoyda and secured by three properties including 188 Allen Street in the Lower East Side, Manhattan, were in default. Hoyda, a real estate developer, died earlier this year. Lone Star Funds bought the debt in February 2025, as PincusCo reported last month. Hoyda borrowed $9 million in December 2015, and the principal was recorded at $8.5 million in 2023.
Direct link to the property’s ACRIS page
Direct link to the property’s ACRIS page
Direct link to the property’s ACRIS page

Case LINK