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Mark V. Asdourian

Business & Real Estate Attorneys

Mortgage & Finance Experts

When navigating challenging currents, there is no better feeling than knowing you have seasoned lawyers at the ready to guide you, your family, and your business to a safe harbor.

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Mark is a member of the bars of the State of California and New York. He is also admitted to the Supreme Court of the United States, the United States Court of Appeals for the Ninth Circuit as well as numerous District Courts of the United States.

After concluding a seven-year career with GE Capital where he was seconded as a c-suite executive of a consumer finance subsidiary (WMC), Mark has now returned to private practice. Mark was initially retained by GE Capital in 2013 as WMC's Chief Legal Officer responsible for the management of significant liabilities associated with the origination and securitization of nonprime and Alt-A residential mortgage loans that experienced massive defaults during the Great Recession. In 2016, Mark was recruited by GE Capital to become a full time employee and assumed the additional responsibilities of Chairman and CEO. Through these executive positions, Mark managed winding down company operations and supervised a team of attorneys responsible for the defense of multibillion- dollar RMBS litigation. In addition to overseeing compliance issues associated with discontinued mortgage loan origination operations, Mark facilitated WMC’s response to a FIRREA investigation conducted by the Civil Division of the U.S. Department of Justice. As part of a final resolution of WMC's liabilities, Mark successfully negotiated the settlement of $450M in claims asserted by five national banks for $34M.

Prior to his employment with GE Capital, Mark operated a successful law firm which he founded in 1994. Over the course of his legal career, Mark established a reputation as a tough litigator who can deftly handle headline risk actions and secure just results. For example, as co-trial counsel, Mark secured a verdict in favor of Weyerhaeuser Mortgage Company against California Federal Bank as well as two former executives, each of whom was found liable for fraud and civil RICO. After a four-week trial, the jury awarded Weyerhaeuser over $6.5M in compensatory damages and $25M in punitive damages against all defendants.

Mark also represented WMC Mortgage as sole trial counsel in an action filed against a former executive officer and a competing lender who conspired to tortiously interfere with the sale of WMC's prime residential mortgage origination business to Wells Fargo Bank. After a nearly three-week trial, the court ruled that each of the defendants had intentionally interfered with WMC's transaction and engaged in unfair competition. The court awarded WMC damages in excess of $3M.

Mark’s decades of experience as a business lawyer and litigator has sharpened his skills as an effective negotiator, both in resolving disputes and striking deals. He has negotiated and documented numerous businesses transactions on behalf of a broad range of clients from established enterprises in the financial services industry to start-up entrepreneurs. For example, Mark was general counsel for an early-stage ecommerce company that was taken public and then purchased by Compaq Computer Corporation in 1999 through a $240M cash tender offer.

Mark is currently the General Counsel of the Western Diocese of the Armenian Church of North America, Inc. Mark is a former member of the Diocesan Council as well as the former Chairman of the Parish Council, the Building Committee as well as the Trust Fund for St. Mary Armenian Apostolic Church of Costa Mesa. Mark also served as a member of the Board of Governors of The Bowers Museum in Santa Ana. Mark and his wife Charlene actively support numerous charitable organizations apart from the Armenian Church including the Paros Foundation and the Newport Beach Police Association.

Mark was born and raised in New York City and briefly practiced law in Manhattan after law school. He returned to California in 1987 and moved to Newport Beach in 1991, where Charelene and he raised two sons, both of whom graduated from Corona del Mar High School and received their college degrees from Loyola Marymount University and Chapman University.