With an extensive background that includes business, real estate, banking, receivership law, commercial litigation, and work-out experience, Richard Ormond is known for his ability to solve complex business disputes for his clients. He has particular experience with disputes involving Preferred Equity Structures, Bridge Lending, CMBS, and other debt facilities. As a trusted advisor, Mr. Ormond also guides his clients through their day-to-day legal concerns and considerations. Mr. Ormond co-chairs the firm’s Receivership Law industry group and also chairs the firm’s Cannabis Task Force—focusing on the complexities of the cannabis industry’s legal impact on lenders, real estate, and businesses.
Representative clients include financial institutions, state and federal receivers, loan servicers, CUSO’s, private investors and investment funds, private equity groups, developers, and high-net worth families (and family offices).
His practice experience includes: Receivers, provisional directors, and other remedies, Commercial real estate solutions, Commercial, corporate and business solutions, Litigation, and Alternatives to bankruptcy including assignments for the benefit of creditors Intellectual property and technology related issues.
Mr. Ormond has tried cases before the Los Angeles Superior Court, the United States District Court, Central District of California, and the Bankruptcy Court of the United States District Court, and he has arbitrated before JAMS, Alternative Dispute Resolution, and the American Arbitration Association.
He also serves as the current Chair of the California Receivers Forum and he is the former Chair of the Remedies Division of the Los Angeles County Bar Association. He teaches Continuing Legal Education courses on high-yield debt issues, cannabis business law, receivership law and practice, dispute resolution, intellectual property issues, considerations for complex litigation and lender security in intellectual property.
Mr. Ormond was recognized as one of L.A.’s Top 100 Lawyers by the Los Angeles Business Journal. He was also recognized by Super Lawyer Magazine as a Super Lawyer Rising Star or a Super Lawyer every year from 2002 to 2016.
Mr. Ormond earned his J.D. from the University of San Diego School of Law. He also earned a Certification in International Business Law from the University of Buenos Aires/University of Belgrano in Argentina and his undergraduate degree from the University of California, Los Angeles.
Breakout Session 1.1: Cannabis Economics and Regulations