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February 27, 2009 |

Dynogen's Chapter 7 Filing Leaves Six Firms Hanging

While many firms have been riding the bankruptcy wave to lucrative paydays, others are getting swamped by it. A filing for Chapter 7 liquidation by a small pharmaceutical company shows why. On Monday, Dynogen Pharmaceuticals filed for Chapter 7 in U.S. bankruptcy court in Boston. Dynogen's bankruptcy counsel at Mintz, Levin, Cohn, Ferris, Glovsky and Popeo listed the company's assets at $18,393 and liabilities totaling in excess of $10 million. That's bad news for the six law firms that did work for Dynogen.
3 minute read
December 09, 2008 |

Future of M&A market looks bleak

Forced sales demanded by creditors and government-brokered transactions may provide the only consolation for bankers in what promises to be the slowest year for mergers and acquisitions since 2004. Bankers at Barclays Capital and Nomura Holdings Inc. say the value of deals may decline 30 percent in 2009 to about $2 trillion.
6 minute read
February 07, 2006 |

Seller Beware: Rights in Works of Art Used as Loan Collateral

Dean R. Nicyper and Lissa C. Gipson, partners at Flemming Zulack Williamson Zauderer LLP, write that art dealers increasingly have been pledging works of art as collateral for loans. Dealers' clients usually are not aware of those loans, and the informality of many art transactions suggests that the clients do not realize that in certain circumstances their mere delivery of a work of art to a dealer may give the dealer's secured creditors a superior right to the artwork under the Uniform Commercial Code.
10 minute read
February 17, 2005 |

No Duty for Insurance Cos. To Update Stolen Car List

Insurance companies have no duty to check that cars are removed from the nationwide database of stolen vehicles after they're recovered and the insurer resells them, the Superior Court ruled yesterday.
3 minute read
October 10, 2005 |

Welcome Relief for Lenders

The Appellate Division for the first time squarely held that the federal Truth in Lending Act�s substantial limitation on assignee liability trumps inconsistent state laws and shields assignees from claims brought under the New Jersey Consumer Fraud Act for an assignor�s failure to adequately disclose the terms of a consumer credit transaction.
8 minute read
March 26, 2012 |

Driver wins defense verdict in car crash

A Cherokee County State Court jury returned a defense verdict this month in the case of a car crash alleged to have caused $162,588 in medical expenses for the plaintiff's back and shoulder injuries, according to court records."It turned out well for the defense," said Sean L. Hynes of Downey Cleveland, who represented State Farm, carrier of the plaintiff's uninsured motorist policy.
5 minute read

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