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New York Court of Appeals Roundup
T his month we discuss another opinion by the Court of Appeals in the dispute between Bluebird Partners LP, purchaser of bonds issued by Continental Airlines prior to its bankruptcy, and the bond trustees. The opinion resolved one issue relating to the financially significant question of whether causes of action arising out of bonds are transferred with the bonds when they are sold or remain with transferor, finding that the causes of action may be asserted by the transferee pursuant to the General ObligatiEntering Into a Loan Workout With a Borrower
Ross Yustein, Euchung Ung and Christopher Terry of Kleinberg, Kaplan, Wolff & Cohen discuss the fundamental questions that a debt holder and its counsel must ask in connection with a proposed restructuring, the benefits and legal protections of a pre-workout agreement, and the tax implications of a loan restructuring.Investing in America Through E-2 and EB-5 Visa Categories
Angelo A. Paparelli, Stephen Yale-Loehr and Ted J. Chiappari outline two strategies ? the E-2 "Treaty Investor" visa1 and the EB-5 "Employment Creation" green card ? that foreign investors may pursue to obtain a variety of privileges in the United States.View more book results for the query "*"
Patent Pilot Program Ready for Takeoff in New York
Marla R. Butler, a partner at Robins, Kaplan, Miller & Ciresi, and Mathew J. Yang, an associate with the firm, explore how the Southern and Eastern districts' participation in the congressionally-mandated Patent Pilot Program might affect the speed, quality, cost, efficiency and frequency of patent litigation in these courts. While patent litigation in New York is not likely to spark the growth of the cottage industry that has developed in East Texas, some positive changes are likely to result.Cy Pres Distribution Allocates $1.2 Million For Tenant Services
Nearly three-quarters of a $1.6 million settlement reached in 2007 in a class-action case against a company that screens tenant finances should be distributed among groups that advocate for apartment-dwellers through a cy pres fund, a federal judge has agreed. Southern District Judge Lewis A. Kaplan has signed an order approving use of some $1.2 million, the amount that could not be returned directly to individual tenants who were the subject of screening reports that violated the Fair Credit Reporting Act, the New York Fair Credit Reporting Act and other statutes.Suit Proceeds Against Attorneys, Others Accused of Facilitating Mortgage 'Doomed to Failure'
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