PSZJ Wins Fifth Circuit Appeal for Stairway Legacy Assets, L.P.

PSZJ is pleased to announce that the U.S. Court of Appeals for the Fifth Circuit issued an opinion on February 2, 2026, affirming a summary judgment ruling in favor of Stairway Legacy Assets, L.P and delivering a resounding win for the firm.

In satisfaction of a secured loan financing the prosecution of a portfolio of patent claims by a South Korean tech company which was subsequently breached, and after securing a successful arbitration award and final judgment exceeding $51 million against the borrower in pursuit of its rights under the loan agreement, Stairway Legacy Assets, L.P. intervened in the Eastern District of Texas, Marshall Division, Judge Rodney Gilstrap, presiding, to secure its share of a $28 Million settlement between Stairway’s borrower and one of the defendants in the patent litigation. Stairway’s borrower had been represented by two law firms in the patent litigation that also asserted a charging lien against the same settlement proceeds. After an exchange of cross-summary judgment motions and oral argument before Judge Gilstrap, Stairway prevailed on its claim against the settlement proceeds.

Congratulations to PSZJ’s James W. Walker on this outstanding result.

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