An error by attorneys that rendered a $1.5 billion secured loan to General Motors unsecured has led one loan participant to sue JPMorgan Chase Bank and its counsel, Simpson Thacher & Bartlett, for negligence.
August 04, 2015 at 05:05 AM
1 minute read
An error by attorneys that rendered a $1.5 billion secured loan to General Motors unsecured has led one loan participant to sue JPMorgan Chase Bank and its counsel, Simpson Thacher & Bartlett, for negligence (See Complaint).
The case stems from the unintended termination of the loan’s security interests, which occurred after GM’s counsel at Mayer Brown prepared documents to release the security interests for an unrelated borrowing.
Presented by BigVoodoo
The New York Law Journal honors attorneys and judges who have made a remarkable difference in the legal profession in New York.
Law firms & in-house legal departments with a presence in the middle east celebrate outstanding achievement within the profession.
The premier educational and networking event for employee benefits brokers and agents.
Atlanta s John Marshall Law School is seeking to hire one or more full-time, visiting Legal WritingInstructors to teach Legal Research, Anal...
Lower Manhattan firm seeks a premises liability litigator (i.e., depositions, SJ motions, and/or trials) with at least 3-6 years of experien...
Evergreen Trading is a media investment firm headquartered in NYC. We help brands achieve their goals by leveraging their unwanted assets to...
MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS
