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   3Ronald A. DamashekChicago(312) 377-7858rdamashek@stahlcowen.comrdamashek@stahlcowen.comStahl Cowen Crowley Addis LLCwww.stahlcowen.comwww.stahlcowen.comdamashekronald.jpgCommercial LitigationCreditor's Rights/Commercial Collections LawReal Estate Law: Associations & CondominiumsReal Estate Law: CommercialBanking LitigationTitle Insurance ClaimsReal Estate DisputesCondominium AssociationsLandlord Representation
Ronald A.
Stahl Cowen Crowley Addis LLC
55 W Monroe St Ste 1200
Chicago IL 60603
Ph.(312) 377-7858 Fx.(312) 423-8160Leading Lawyers Magazine story about this lawyer
Recommended by peers in:    Extensive Experience in:
Commercial Litigation    Banking Litigation
Creditor's Rights/Commercial Collections Law    Title Insurance Claims
Real Estate Law: Associations & Condominiums     Real Estate Disputes
Real Estate Law: Commercial     Condominium Associations
    Landlord Representation
Advisory Board Member
County:  Cook
Litigator:  Yes

Practice Description:  
Ron Damashek is, and for many years has been, a peer designated member of Illinois Leading Lawyers and an Illinois Super Lawyer in Business Litigation. Mr. Damashek chairs Stahl Cowen's litigation department, where he primarily resolves disputes involving real estate and financial industry issues. Mr. Damashek also has extensive experience in general commercial litigation, regularly handling cases involving breaches of contract and fiduciary duties, fraud, statutory violations, corporate and partnership disputes, and injunctions. Mr. Damashek has settled, arbitrated, and tried cases, and stands ready to pursue his clients' interests aggressively and efficiently in any forum.

As counsel to secured creditors, Mr. Damashek regularly litigates and works out troubled loans, resolves disputes with competing claimants and loan participants, and advises clients as to their contractual rights and obligations under loan documents, intercreditor agreements, and purchase and assumption agreements. Mr. Damashek has foreclosed hundreds of commercial mortgages on properties ranging from downtown office buildings to a suburban golf course, represented secured creditors in bankruptcy proceedings, and worked with, and represented, court appointed receivers. Mr. Damashek works closely with Stahl Cowen's financial services practice group to meet its clients' loan documentation, securitization, asset recovery, and disposition needs.

As counsel retained by title insurance companies, Mr. Damashek litigates, arbitrates, and mediates claims involving title defects, title insurance coverage, competing lien priorities, title and loan fraud, boundary disputes, and agent liability. Mr. Damashek's title team has resolved countless real estate disputes and obtained significant recoveries for title insurers both directly from obligors and from bankruptcy estates. He is a former Chair of the ABA-TIPS Title Insurance Litigation Committee and represents the Illinois Land Title Association as amicus curiae on appeals of title issues of state-wide concern.

As counsel to condominium associations, Mr. Damashek resolves disputes concerning turnover, non-payment of assessments, owner property rights, election procedures and results, and construction defects. Mr. Damashek also frequently prepares and enforces association contracts and guides condominium boards in interpreting and complying with the Illinois Condominium Property Act and condominium declarations, by-laws, rules and regulations.

Mr. Damashek also regularly represents developers, property owners, and contractors in the resolution of real estate disputes, such as controversies involving municipalities, development partners, adjoining property owners, contractors, landlord-tenant relationships, and mechanic's lien claims.

Notable Cases and Results:  
  • One West Bank v. Cielak, 2016 IL App (3d) 150224 (mortgage signed by wife enforceable against tenancy by the entireties property even though wife not obligated on note).

  • CFE Group, LLC, V. FirstMerit Bank, N.A., 809 F.3d 346 (7th Cir. 2015) (foreclosing lender entitled to pursue state court collection action after it voluntarily dismissed federal action following district court’s dismissal of federal complaint without prejudice).

  • Amicus Curiae: Philadelphia Indemnity Insurance Company v. Chicago Title Insurance Company, 771 F.3d 391 (7th Cir. 2014) (complete defense rule does not apply to title insurance policies, which seek to insure only limited range of losses related to title defects).

  • Amicus Curiae: In re Crane (Gifford State Bank v. Richardson), 487 B.R. 906 (C.D. Ill. 2013) (recorded mortgages provided constructive notice of mortgage liens under Illinois Conveyances Act even though they did not expressly set forth upon their faces the interest rates and maturity dates of secured promissory notes), aff’d., 742 F.3d 702 (7th Cir. 2013).

  • Worked-out or foreclosed hundreds of millions of dollars of defaulted mortgage loans against an array of properties, including downtown office buildings, shopping centers, apartment buildings, residential developments, vacant developable land, and a golf course.

  • Counseled a bank regarding a $500,000 set off against a borrower's bank account followed by a successful negotiation of a forbearance agreement involving the borrower's remaining $5 million-plus line of credit and industrial revenue bond indebtedness.

  • Negotiated and documented intercreditor agreements with a mezzanine lender regarding lien priorities in millions of dollars of borrower deposits and the borrower's LLC membership interests.

  • Validated mortgage liens and established lien priority, overcoming a wide variety of challenges.

  • Obtained over $500,000 in recoveries from title agents and restitution from criminal defendants on behalf of title insurance companies.

  • Obtained summary judgment for title insurer against a title agent's liability insurance carrier seeking to avoid liability on a million-plus policy.

  • Defeated over $600,000 in mechanic's lien claims on behalf of mortgage lender through summary judgments based upon the lien claimants' failure to comply with the Illinois Mechanic's Lien Act.

  • Established $1 million enhancement value for mechanic's lien claimant in trial against mortgage lender asserting a priority lien.

  • Defeated two $300,000-plus contractor's claims in separate arbitration and trial proceedings, obtaining $100,000 in awards in favor of property owners.

  • Successfully resolved a half million dollar mortgage fraud scheme by a foreign national who fled the country after taking out mortgage loans from four different lenders on the same property.

  • Obtained injunctions to enforce condominium unit owners' right to run for condominium board positions in annual election and to prevent other unit owners from conducting election contrary to statutory and corporate governance requirements.

  • Forced condominium developer to make repairs and compensate condominium association for defective construction.

  • Streamlined condominium lien collection and contract documentation process by standardizing procedures and forms.

Bar Admissions:  
Illinois, 1982
U.S. District Court, Northern District of Illinois, 1982 (Trial Bar, 1989)
U.S. Court of Appeals, Seventh Circuit, 1990
U.S. Supreme Court, 1996

Year of Birth:  1957

Law School:  Georgetown University Law Center, J.D. 1982

Law School Honors/Involvement:  Cum laude

Undergraduate School:  Northwestern University, B.A.,1979

Undergraduate School Honors/Involvement:  Cum laude

Community Involvement:  
Ron is an avid soccer player. He coached AYSO soccer for many years and now helps organize two adult soccer games that have been running for more than 20 years.

Firm Description:  
Stahl Cowen serves the needs of businesses and individuals throughout the United States. We also serve international clients' U.S. legal needs, with particular emphasis on India and the Pacific Rim. Stemming from our core litigation and corporate practice areas, we handle a wide variety of legal matters, including day-to-day business operational issues, mergers and acquisitions, real estate matters of all stripes, business reorganizations, corporate and real estate financing, commercial litigation, arbitration and dispute resolution, employment matters, and wealth transfers, just to name a few. We provide our clients with sophisticated legal advice coupled with a real world understanding of what is important to them and their businesses. Our approach has garnered a fiercely loyal client base.

We believe that a thorough understanding of a client's business is the foundation of each attorney-client relationship. Many of our clients, like our attorneys, came to us from large national law firms. They recognize that our size and approach gives them an advantage because we react quickly to changes in business and the law. They also recognize that our experience and abilities are the same as attorneys at the much larger firms against whom we regularly negotiate and litigate, and from which most of us came. But most of all, our clients recognize that they usually hire a lawyer, not a law firm. We earn and keep our clients' trust by appropriately staffing our matters with attorneys best-suited to deliver the results our clients demand.

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