By Scott Mollen | July 18, 2023
Scott Mollen discusses "Mansion Realty LLC v. 656 7th Ave. Gym LLC," and "Bank of NY Mellon Trust Co. NA v. Hendrickson."
New Jersey Law Journal | Commentary
By Zachary M. Rosenberg | July 18, 2023
Fearing potential penalties and asset forfeiture by federal banking regulators, most financial institutions have steered away from cannabis all together, leaving state-licensed cannabis businesses with limited options when it comes to opening checking accounts, borrowing money, and accessing other banking services.
By Mason Lawlor | July 11, 2023
This case was first surfaced by Law.com Radar.
New Jersey Law Journal | Commentary
By Anne S. Babineau and David H. Stein | July 11, 2023
One of the most significant considerations for a redevelopment project facing financial distress will be the impact of the prohibition against transfers found in the Local Redevelopment and Housing Law, which requires all redevelopment agreements to include a "provision that the redeveloper shall be without power to sell, lease or otherwise transfer the redevelopment area or project, or any part thereof, without the written consent of the municipality or redevelopment entity."
By Michael A. Mora | July 10, 2023
"Many people try to prime the jurors for their cases in voir dire," said Devin "Velvel" Freedman, a partner at Freedman Normand Friedland. "My philosophy is that we don't know who will be good for us, but usually we can tell who will be really bad for us."
By Allison Dunn | June 29, 2023
This complaint was first surfaced by Law.com Radar.
By Allison Dunn | June 28, 2023
"Simply put, Plaintiff's allegations do not establish when, where, or how HSBC allegedly became aware of the fraud and fail to explain how HSBC was involved at all, aside from being a 'respected financial institution.' Therefore, the Court finds that the allegations in Plaintiff's proposed second amended complaint are insufficient to establish a plausible claim of aiding and abetting against HSBC," wrote U.S. District Judge Timothy S. Hillman for the District of Massachusetts.
By Ezra Dyckman and Charles S. Nelson | June 27, 2023
In their Real Estate Financing column, Ezra Dyckman and Charles Nelson discuss the recent case, 'ES NPA Holding, LLC v. Commissioner,' where the Tax Court interpreted Revenue Procedure 93-27 favorably. The case showed that taxpayers receiving partnership profits interests should be careful to ensure that they have satisfied all requirements of the revenue procedure.
The Legal Intelligencer | Commentary
By Steve Schain | June 22, 2023
While preferable to its predecessors, the SAFE Banking Act fails to provide legal marijuana growers, processors, transporters or sellers (marijuana-related businesses or MRBs) with the access to banking that every other legitimate industry enjoys.
By Patrick Smith | June 21, 2023
Dana Syracuse and Josh Boehm said they believe strongly in their client relationships, when asked whether they expected their client base to move with them.
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