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Cite as: Egan v. TradingScreen, Inc., 10 Civ. 8202, NYLJ 1202493501572, at *1 (SDNY, Decided May 4, 2011)District Judge Leonard B. SandDe
Thomas v. U.S. Bank National Association
U.S. Bank was appropriately granted relief from the automatic bankruptcy stay; it was not obligated to provide a mortgage modification before instituting foreclosure proceedings.Judge Sanctions Firm for Filing 'Cookie-Cutter' Patent Infringement Complaints
Memo to patent troll attorneys: Do your homework. A federal judge in the Western District of Washington has sanctioned an attorney and his law firm for sending dozens of "fill-in-the-blank" demand letters and filing cookie-cutter patent infringement complaints on behalf of a client, Eon-Net, a patent holding company. U.S. District Judge Marsha Pechman found that Eon-Net's scattershot patent enforcement strategy violates Federal Circuit Rule 11, and that the company's behavior was tantamount to extortion.Deal Watch: Kilpatrick holds off activist hedge fund
A New York hedge fund recently went after one of David A. Stockton's clients, launching a proxy battle for control of the board of Alabama health care software company Emageon Inc. But instead of fighting a crippling battle to the death, it appears that the Kilpatrick Stockton partner reached a compromise with the activist investors on behalf of Emageon.District Court Sidesteps 3rd Circuit in Countrywide Case
A derivative suit brought against the former directors of Countrywide Financial Corp. alleging a breach of the duty of loyalty was dismissed for lack of standing by the U.S. District Court for the District of Delaware early this month.'Calyon': Mortgage Loan Investors and 'Safe Harbors'
Ana M. Alfonso, a partner at Kaye Scholer, and Nicholas J. Cremona, a senior associate at the firm, write that in a recent opinion with significant implications for investors in mortgage loan portfolios and related products, particularly those party to mortgage loan repurchase agreements, the U.S. Bankruptcy Court for the District of Delaware construed the expanded "safe harbor" provisions under the Bankruptcy Code for repurchase agreements and securities contracts.Suit Alleges Bank Gave Up Its Interest In Credit Card Debt
A proposed state-law class action has been filed against Discover Bank and several Pennsylvania-based debt collection law firms alleging that the credit card lender has been collecting on debts that the lender no longer had a beneficial interest in.State AI Legislation Is on the Move in 2024
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