George R. Calhoun

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A business counselor at heart, George R. Calhoun V is a litigator who knows how to win in a courtroom, at the settlement table, or in arbitration. By putting his clients’ goals and objectives first, he is adept at devising case strategies that achieve his clients’ definition of success. George is chair of Ifrah’s Financial Services practice. George currently serves as Vice Chair to the Corporate Counseling and Litigation Subcommittee of the American Bar Association’s Business Law Section.

George’s practice primarily focuses on the litigation of complex disputes for clients in a broad array of disciplines, including contracts, cryptocurrency, securities, bankruptcy, fraud, RICO and other business claims. He has an extensive background in dispute resolution, having appeared before numerous state and federal courts on behalf of clients including large multi-national corporations, insurers, and individuals.

George regularly represents parties in connection with complex debtor/creditor and insolvency issues, and is one of the nation’s leading practitioners in addressing mass tort insolvencies.  George has represented major insurers in asbestos, abuse, and environmental bankruptcies for over 20 years, including Babcock & Wilcox, Horizon Natural Resources, The Diocese of Wilmington, Quigley, Combustion Engineering, Congoleum, Duro Dyne, and more.  In addition, George represents a major U.S. company in collecting a multi-billion judgment, having assisted in the recovery of over $1.2 billion through a determined international effort spanning over a dozen countries.

Teaming with other Ifrah attorneys in niche areas like digital media, millennial marketing, e-commerce, health care, and iGaming, George is called upon to review compliance programs, contracts, and advertising materials through the lens of a litigator, helping to mitigate possible litigation claims or enforcement actions. He is able to apply nearly two decades of traditional business litigation experience to Ifrah’s payment processing and emerging internet and technology company clients; he anticipates and addresses possible regulatory compliance issues and potential contractual or investment disputes.

Prior to joining Ifrah, George practiced at an Am Law 100 firm where he focused on complex litigation and business disputes. At Ifrah, George embraces the “hands on” approach that is part of the firm’s culture and enjoys working closely with clients on their most important matters. Through a combination of lean staffing, early case assessment strategies, and a keen understanding of both legal and business goals, George leverages the best of a boutique law practice while drawing on his “big law” experience to provide efficient and effective counsel.

Professional + Community

  • American Bar Association; Member; Vice Chair to Corporate Counseling and Litigation Subcommittee of the Business and Corporate Litigation Committee; Board Member at iDevelopment and Economic Association (iDEA)

Publications + Presentations
September 25, 2019 | Publication

"The Definitive Guide to Online Gaming and Betting in the U.S."

Comprehensive eBook from Ifrah Law, available as a complimentary download

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April 11, 2019 | Presentation

"(Moderator) Roundtable: “Payment processing: A financial perspective on online gaming in the US”"

EGR North America East Coast Briefing - Atlantic City, NJ

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April 5, 2019 | Presentation

"Sports & Entertainment: Sports Betting and Changes in the Industry"

North Carolina Bar Association- 2019 Intellectual Property Law and Sports & Entertainment Law Sections Annual Meetings- Charlotte, NC

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November 16, 2018 | Presentation

"The Future of Class Actions"

ABA Business Law Section Fall Meeting - Washington, DC

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September 13, 2018 | Presentation

"Executive Panel: How to keep the momentum going"

2018 U.S. EGR Power Summit - Miami, FL

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August 30, 2017 | Publication

"US: The Path Towards Expansion"


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October 6, 2016 | Presentation

"Litigation Forum: Litigation vs. ADR – Practical Issues From Drafting to Enforcement"

Association of Corporate Counsel, National Capitol Region

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September 22, 2016 | Publication

"Accusation Superhighway: Is IC3 Hurting Emerging Online Businesses?"

Corporate Compliance Insights

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July 20, 2016 | Presentation

"CFPB’s Proposed Arbitration Ban – What You Need To Know"

American Bar Association

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Case Studies

Ifrah Law Achieves Swift Removal of Payment Processing Client from OFAC List in Highly Unusual Government Action

In September 2016, the U.S. Treasury Department Office of Foreign Assets Control (OFAC) announced it had designated Ifrah Law’s client, a legitimate international business, as a transnational criminal organization. Our client had conducted its business for decades without incident, providing payment processing solutions for direct mail, eCommerce, gaming, charitable, and other customers.

The OFAC designation of a legitimate business was the first of its kind, having been previously limited to terrorist and organized crime entities, such as the Yakuza, MS-13, and Saddam Hussein. The designation indicated that OFAC was expanding its authority under its legal mandate. Given the novelty of this designation, the company contacted Ifrah Law based on our background and extensive experience representing payment processors: understanding their business was critical to our ability to combat the Government’s misperceptions about the payment processing business.

First, we began an internal investigation. As the OFAC designation was a surprise to the company, and the Treasury Department had no obligation to explain the basis for the designation, we needed to determine why our client had been targeted.

We also needed to address the reverberating effects of the designation on our client. An OFAC designation results in the prohibition of U.S.-based businesses including banks from working with a designee. Our client lost the ability to pay employees, vendors, and general expenses and eventually was forced to close its operations.

Ifrah Law achieved some of the swiftest ever removals from OFAC’s SDN list, including all of the 12 individuals named. One year after the initial listing, OFAC finally signed an agreement to remove our client’s companies, officers and employees from the SDN List. We continue to represent this client in actions concerning the financial situation of the now defunct company, and to ameliorate the damage caused by the listing on both individual and corporate reputations. Our work on this case was featured in The American Lawyer.

Ifrah Law Negotiates Complete Withdrawal of All Counts of Possible Class Action Suit

A former contractor for a long standing firm client filed a class action suit in the Eastern District of Virginia (the famed “Rocket Docket”) based upon alleged tax and Fair Labor Standard Act infringement claims in connection with contract services purportedly provided by the plaintiff to our client in connection with a government contract for security services at an overseas military base.

Ifrah’s team, led by partner George Calhoun, first succeeded in attaining a swift dismissal of the class action tax claims based on the inapplicability of the tax statute at issue to purported employee misclassification.  The plaintiff also was forced to amend its complaint to eliminate its employment law claims because the FLSA does not apply to contractors or employees based overseas. The client was thus relieved of the initial threat of a large scale and costly class action suit.

The plaintiff nonetheless continued to pursue the suit against our client based on an individual breach of contract claim. Through the effective discovery conducted by Ifrah’s litigation group, we were able to limit any possible claims by the plaintiff.  Most tellingly, we established that the plaintiff had made – and was making – inconsistent claims in his discovery responses and in a lawsuit brought against a third party.

Based on these facts, Mr. Calhoun persuaded opposing counsel to dismiss all claims, ultimately relieving our client from any financial or legal liability.

Collecting Judgments in International Jurisdictions

Partner George Calhoun recently secured a significant victory for a client in a long running effort to collect a multibillion dollar judgment.

The firm’s client, Motorola Solutions Credit Company LLC, secured a judgment in the United States against defendants who had sought to defraud the company.  In an attempt to avoid collection, the judgment debtors refused to provide discovery and hid their assets – using multiple nominee owners and shell companies all over the world.  Working with talented investigators, George located significant assets held through shell companies in far flung jurisdictions like Hong Kong, Singapore and Jordan.

George Calhoun led the effort to domesticate Motorola Solutions’ judgment in those foreign jurisdictions and collect from the defendants.  Ifrah’s team successfully navigated the disparate foreign laws and obtained judgment in Hong Kong and Singapore.  In response to those collection efforts, the debtors attempted to sell off assets held through a Jordanian holding company, which was itself the principle asset of the Hong Kong and Singapore entities.  Ifrah’s team succeeded in obtaining an injunction and then getting receivers appointed to halt the attempted transfer of assets.  Through the receivership process, Ifrah eventually achieved the sale of the Jordanian company’s primary asset – a controlling interest in a Jordanian bank.  That sale closed in January 2017 and Ifrah’s client received over $50 million from the sales proceeds in March, 2017.

We continue to seek full enforcement of the judgment through the continued search, identification and liquidation of the judgment debtors’ assets across international jurisdictions.

This case highlights Ifrah Law’s strong ability to follow up on judicial success by creating and implementing successful strategies to locate and collect judgments, especially in a global context. George, who leads our Financial Services and Commercial Litigation practice, brings litigation savvy coupled with decades of experience in insolvency and creditor’s rights law to our team. Over the course of his career, he has developed a strong network of relationships with international lawyers, regulators and organizations, giving him the ability to skillfully navigate domestic and overseas jurisdictions with widely divergent legal systems for the ultimate benefit of his clients.

Blog Posts
April 13, 2021

Maryland Legislature Poised to Send Sports Gambling Bill to the Governor

Maryland Legislature Poised to Send Sports Gambling Bill to the Governor

As part of the 2020 election, Maryland voters approved a Constitutional amendment to allow sports betting.  In February, I reported on the Maryland legislature’s efforts to pass a new bill to legalize and regulate sports gambling.  The state passed another milestone yesterday when the Maryland Senate unanimously approved a new sports wagering bill. The bill… Read More

September 26, 2019

What About Gaming? The House Passes the SAFE Banking Act, Putting Cannabis Ahead of Regulated Gambling

What About Gaming? The House Passes the SAFE Banking Act, Putting Cannabis Ahead of Regulated Gambling

The inability to secure banking services has created enormous difficulties for state level, legal cannabis industries.  Eleven states and the District of Columbia have legalized the recreational use of marijuana, and a majority of states also have legal medical marijuana programs. Nonetheless, “marihuana” remains a Schedule I controlled substance under the Controlled Substances Act and its… Read More

July 29, 2019

North Carolina on the Verge of Legal Sports Betting

North Carolina on the Verge of Legal Sports Betting

In April, I spoke to the North Carolina Bar Association concerning the future of sports betting in the state.  At the time, a bill to legalize sports betting was making its way through the legislative process.  Last week, the North Carolina legislature finally passed a bill authorizing sports wagering at the state’s two Eastern Band… Read More

Crime in the Suites | FTC Beat | Ifrah on iGaming
Arizona Provides Ancillary Suppliers with New Short Form Application
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