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Fallout from the Home Mortgage Crisis: Lender Claims Property Appraisers Are Liable for Lost Collateral Value

USA - February 9 2017 A unit of Wilmington Savings Fund Society, FSB, acting as the trustee of a mortgage loan trust (“Trustee”), has rung in the New Year by filing nine…

New Jersey Supreme Court Clarifies Standards for Expulsion of LLC Member

USA - February 9 2017 What circumstances suffice to show that a member’s conduct has made it “not reasonably practicable to carry on the business” of the LLC as long as he…

How to Protect the CEO from a Deposition

USA - February 9 2017 When a corporation is a litigant, the adverse party will often seek to increase pressure for settlement by demanding the deposition of the…

Second Circuit finds entry-level accountants exempt from FLSA overtime

USA - October 17 2014 The U.S. Court of Appeals for the Second Circuit has ruled that entry level accountants seeking unpaid overtime under the Fair Labor Standards Act…

Court rejects damages expert’s claims for breach of contract and unjust enrichment

USA - October 17 2014 The New Jersey District Court recently ruled that an economic damages expert retained by plaintiffs' counsel in a class action was not entitled to…