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By Jennifer Pastarnack, Johanna Colpritt and Ida Vanto | January 29, 2024
A recent development with credit agreements is that they contain new provisions that expressly preclude "distressed investors" from holding the loans. This article aims to alert readers of the contractual language changes in these agreements and the implications of those changes.
6 minute read
By Allison Dunn | January 26, 2024
Based on his hours in the classroom, the adjunct professor earned $75 per hour for teaching the banking law course, and approximately $102 per hour for the second course—rates "far exceeding" Maine's minimum wage and salary-basis requirement in Section 663(3)K, the court determined.
5 minute read
By Colleen Murphy | January 25, 2024
"My actions have cost me my law practice, my reputation, my family's trust and respect, and have ruined me financially," Martin Martin David Eagan said at a hearing last week before the New Jersey Supreme Court.
5 minute read
By Marianna Wharry | January 19, 2024
This suit was surfaced by Law.com Radar, ALM's source for immediate alerting on just filed cases in state and federal courts. Law.com Radar now offers state court coverage nationwide. Sign up today and be first to know about new suits in your region, practice area or client sector.
4 minute read
By Marianna Wharry | January 17, 2024
This suit was surfaced by Law.com Radar, ALM's source for immediate alerting on just-filed cases in state and federal courts. Law.com Radar now offers state court coverage nationwide. Sign up today and be among the first to know about new suits in your region, practice area or client sector.
3 minute read
By Riley Brennan | January 16, 2024
"Given the language Congress used in the FCRA, state requirements and prohibitions should only be preempted when the matter is capable of classification as identity theft, and then only 'with respect to the conduct required' by the FCRA's identity theft reporting regulations," U.S. District Judge Lance E. Walker for the District of Maine wrote. "In other words, this is a case of partial preemption. When the federal identity theft regulations apply to an act of economic abuse, then the blocking of identity-theft-related reporting activity must proceed according to federal law. But insofar as a given debt is the product of more than mere identity theft, compliance with both federal and state law may be appropriate, depending on the circumstances."
6 minute read
By Allison Dunn | January 12, 2024
"Though I agree that Mr. Allen offers no good excuse for his non-compliance—and arguably digs a deeper hole through his attempts to deflect blame onto his counsel—I find that a less severe sanction than default judgment is initially warranted for Defendants' and Mr. Allen's misconduct," U.S. District Judge Brendan A. Hurson for the District of Maryland wrote in an order Wednesday.
6 minute read
By Alaina Lancaster | January 11, 2024
Although advocates for these bankruptcy strategies say they can be more efficient routes to payouts for claimants, some attorneys say judges are likely to shut down these more novel uses of the bankruptcy code.
7 minute read
By Allison Dunn | January 4, 2024
"Although we are disappointed with the decision, we look forward to moving swiftly ahead with a bench trial before Judge Kelley and getting the Doelgers the justice they deserve," the plaintiffs' lead attorney, James R. Serritella, a partner with Kim & Serritella, told Law.com.
5 minute read
By Allison Dunn | January 3, 2024
"MOHELA's reliance on Biden to argue that it is 'part of' the State of Missouri is unpersuasive considering that the Supreme Court did not address sovereign immunity," U.S. District Judge Leonie M. Brinkema wrote in Tuesday's opinion.
4 minute read
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