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Omnibus New York Foreclosure Law Takes Effect on December 20, 2016

USA - December 30 2016 Recent changes to New York's foreclosure statutory scheme are set to go into effect on December 20, 2016. These wide-ranging revisions include the…

Anthony J. Sylvester, Craig L. Steinfeld, Matthew F. Chakmakian.

U.S. Supreme Court Holds Defendant Criminally Liable Under Bank Fraud Statute for Stealing Customer’s Funds

USA - December 30 2016 In Shaw v. United States of America, 2016 WL 7182235, 580 U.S. ---- (Dec. 12, 2016), the United States Supreme Court interpreted the reach of 18 U.S…

Anthony J. Sylvester, Craig L. Steinfeld, Matthew F. Chakmakian.

Appellate Division Affirms Discharge of Receiver After Settlement of Foreclosure Action

USA - December 30 2016 In Investors Bank v. Trylon/CREST Construction, Inc., 2016 WL 5922751 (N.J. App. Div. Oct. 12, 2016), the Appellate Division affirmed the Trial…

Anthony J. Sylvester, Craig L. Steinfeld, Matthew F. Chakmakian.

Banking Alert - August 2016

USA - August 31 2016 At the close of the 2016 legislative session, the New York Legislature passed changes to the mandatory foreclosure settlement conference law. These…

Anthony J. Sylvester, Arjun Shah, Caitlin T. Shadek, Craig L. Steinfeld.

In Stinging Rebuke to Financial Institutions and Title Companies, NJ Supreme Court Favors Law Firm’s Effort to Collect Unpaid Legal Bills

USA - July 26 2016 In a case closely-watched by New Jersey Banks and the Title Industry and plainly important to both the New Jersey Supreme Court granted lien priority…

Anthony J. Sylvester, Arjun Shah, Caitlin T. Shadek, Craig L. Steinfeld.