Emergency TRO Secured Against Royal Bank of Canada in $25M Dispute Over Collateralized Assets

When a global bank threatened to liquidate millions in collateralized funds, Stein Adler moved fast, and won. Stein Adler obtained an emergency temporary restraining order (TRO) against the Royal Bank of Canada, protecting our client, a family-run investment fund, from imminent financial harm in a high-stakes dispute involving a multi-million dollar credit facility and complex collateral arrangements.
Led by Adam Stein and Noam Besdin, the firm acted on an emergency basis and successfully preserved the status quo securing our client’s assets, preventing the Royal Bank of Canada from liquidating millions of dollars of its client’s assets pending further court determination. Over the bank’s strenuous objection, the judge granted Stein Adler’s request for an emergency stay, preserving our client’s assets and maintaining the status quo until the case can be heard on the merits.