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Results: 11-20 of 130

Sixth Circuit holds that mortgage foreclosure and foreclosure lawyers are subject to the FDCPA

  • Reed Smith LLP
  • -
  • USA
  • -
  • February 1 2013

The U.S. Court of Appeals for the Sixth Circuit recently held that mortgage foreclosure actions are "debt collection" under the Fair Debt Collection

Court finds ambiguity applying insured v. insured exclusion to FDIC lawsuit

  • Wiley Rein LLP
  • -
  • USA
  • -
  • January 15 2013

The United States District Court for the Northern District of Georgia has denied in part a motion summary judgment by the directors and officers

International regulatory update 7 - 11 January 2013

  • Clifford Chance LLP
  • -
  • European Union, France, Global, India, Poland, Singapore, United Kingdom, USA
  • -
  • January 14 2013

EMIR: Extension of scrutiny period for Commission Delegated Regulations Basel III: Basel Committee releases revised version of Liquidity Coverage

Eleventh Circuit will hear appeal on scope of Georgia’s Business Judgment Rule

  • Bryan Cave LLP
  • -
  • USA
  • -
  • November 28 2012

In August, the Northern District of Georgia reaffirmed its prior ruling in the Integrity Bank case that Georgia’s version of the Business Judgment Rule shields former directors and officers from FDIC claims for ordinary negligence

Galloway v. Kansas City Landsmen, LLC: court rejects coupon settlement after finding that few class members would be likely to file a claim

  • Mayer Brown LLP
  • -
  • USA
  • -
  • November 12 2012

As readers of the blog by now know, I’m always on the lookout for examples of class-action settlements that pay off the lawyers while providing little or no benefit to the members of the putative class

LLC mortgage may be challenged

  • McDaniel & Park, P.C.
  • -
  • USA
  • -
  • November 9 2012

A mortgage given by a New Jersey limited liability company to one of its members can be challenged by the purchaser in a court-approved sale of the business, the Appellate Division holds, reversing the trial court

Unclaimed property update: Delaware promulgates audit look-back regulation and the Supreme Court denies cert. in New Jersey stored value card litigation

  • Alston & Bird LLP
  • -
  • USA
  • -
  • November 9 2012

This advisory addresses two recent developments of particular importance to holders of unclaimed property: (1) Delaware’s promulgation of a regulation impacting the look-back period for unclaimed property audits and (2) the U.S. Supreme Court’s denial of certiorari in the ongoing New Jersey stored value card litigation

Insured versus Insured exclusion held inapplicable to FDIC’s failed bank suit

  • Wiley Rein LLP
  • -
  • Puerto Rico, USA
  • -
  • November 1 2012

A Puerto Rico federal district court has declined to apply a D&O policy’s Insured versus Insured exclusion to a suit brought by the Federal Deposit Insurance Corporation (FDIC) against former directors and officers of a failed bank

Taking a security interest in a closely held business

  • Sherman & Howard LLC
  • -
  • USA
  • -
  • November 1 2012

If a loan or extension of credit requires collateral, banks prefer collateral that is readily marketable rather than taking a security interest in a closely-held business

Government sues Bank of America over mortgages

  • Kelley Drye & Warren LLP
  • -
  • USA
  • -
  • October 26 2012

Earlier this week, the United States Department of Justice filed a lawsuit against Bank of America alleging mortgage fraud