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July 02, 2024 | New York Law Journal

Lenders Blasted for 90-Day Notice (With One Saving Grace)

While lenders and servicers with New York portfolios should long have been exceptionally familiar with the requirement, such presumed awareness nonetheless seems to little diminish the constant—often fatal losses suffered.
9 minute read
March 12, 2024 | New York Law Journal

Voluntary Discontinuance and the Statute of Limitations; DHCR's Discretion: This Week in Scott Mollen's Realty Law Digest

Scott Mollen discusses "HSBC Bank USA, N.A. v. Nicholas," and "71st Props. LLC v. New York State Div. of Hous. & Community Renewal."
15 minute read
February 12, 2024 | The American Lawyer

Deal Watch: Wachtell, Paul Weiss and V&E Lead $26B Oil Merger as Deal Activity Soars

Energy and life sciences continue to lead the way in deal activity, but tech and other recently nascent sectors are showing signs of life.
12 minute read
December 28, 2023 | New York Law Journal

Lender Standing: Ending the Staple/Paperclip Divide

A discussion of "Broome Lender LLC v. Empire Broome LLC," a recent decision by the Appellate Division, First Department regarding the proof that a foreclosing lender needs to establish standing following an assignment of the loan.
7 minute read
October 17, 2023 | Connecticut Law Tribune

2 Multistate Settlements Affect Hundreds of Thousands of Residents

"Any financial institution with access to billions of dollars needs robust and redundant security measures. ACI's unauthorized withdrawals resulted in massive chaos and confusion, exposing consumers to overdraft fees," William Tong said. "Connecticut helped to lead this major multistate investigation and settlement, forcing significant penalties and strong security measures going forward to ensure this error is never repeated."
3 minute read
September 29, 2023 | Texas Lawyer

$2 Billion Blunder: Nationstar Sues Over Error Affecting 500,000 Mortgages

The incident occurred, Nationstar alleges, because "ACI misused Nationstar's nonpublic personal customer information to conduct quality assurance testing ... in a live production environment, instead of a walled-off testing environment."
4 minute read
May 28, 2023 | The Legal Intelligencer

Distinguished Leaders 2023: Amy Kline

A trusted adviser, Amy Kline continues to guide her clients through challenges big and small. In the past year she represented multiple clients in significant litigation matters.
3 minute read
April 21, 2023 | Pro Mid Market

Who Got the Work: Flaster Greenberg Appears In Insurance Coverage Suit For Savoy Hotel Partners

Michael E. Iles of Flaster Greenberg has entered an appearance for Savoy Hotel Partners in a pending insurance coverage lawsuit.
2 minute read
March 02, 2023 | New York Law Journal

Foreclosure Abuse Protection Act Requires New Approach

A discussion of what next steps lenders should take in response to the Foreclosure Abuse Prevention Act.
7 minute read
November 19, 2022 | Law.com

Federal Judge Allows Gaming Company's Suit Against Bank Over Missed $977K PPP Loan to Proceed

The dispute between Ironworks Development and Truist centers on claims that in 2021 the bank didn't properly process its application for a second-round PPP loan, causing it not to collect a $976,896.24 loan that under the program's terms would likely have been forgiven.
4 minute read

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