In an important break with the majority of case precedents, the United States Court of Appeals for the Fifth Circuit, reversing the District Court
In our prior Clients & Friends Memo “Who’s My Lender?” published on March 14, 2018, we analyzed two actions brought against marketplace lenders, one
On February 1, 2018, the Delaware Court of Chancery granted defendants’ motion to dismiss an action brought by minority unitholders of Trumpet Search
This outline examines the U.S. tax consequences surrounding the use of equity based compensation by partnerships and limited liability companies
On July 9, 2012, Judge Mary F. Walrath of the Bankruptcy Court for the District of Delaware disallowed a claim for rejection damages related to a real estate development agreement, because the claim had been released upon the termination of an LLC Agreement, and the underlying ground lease never came into existence.
On July 22, 2011, Bankruptcy Judge Craig A. Gargotta of the United States Bankruptcy Court for the Western District of Texas, held that the reasonable expectations of a creditor should determine whether a plan of reorganization effectively preserves claims post-confirmation.
On March 8, 2011, in a decision enforcing a springing guaranty in a commercial real estate loan, the Supreme Court of the State of New York granted a motion for summary judgment in lieu of complaint pursuant to CPLR 3213.
On August 6, 2010, two subsidiaries of Alliance One International ("Alliance One") and a subsidiary of Universal Corporation ("Universal") agreed to plead guilty to FCPA-related criminal charges while the parent entities entered into non-prosecution agreements with the Department of Justice and settled charges filed by the Securities & Exchange Commission.
The Third Circuit Court of Appeals recently affirmed the District Court's ruling in In re Philadelphia Newspapers, LLC.
The Bank Secrecy Act of 1970 authorizes the Secretary of the Treasury to establish recordkeeping and filing requirements for United States persons with financial interests in, or signature authority or other authority over, foreign financial accounts.