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New York Law Journal

When Is an Attachment Levy Effective?

"Racing to find and attach and garnish a judgment debtor's assets before they literally disappear is an old sport played, most recently, at a higher level due to the stressful economic real estate times." This article discusses some of the authors' "war wounds and successes" with the issue, highlighting the most relevant case law and statutes.
19 minute read

Legaltech News

Western Alliance Bank Launches 'NewLaw Banking' Catering to Legal Industry's Tech Needs

The new service offering will take a tech-forward approach to cater to law firms, legal tech companies and ALSPs as the industry's banking, financing and business needs continue to evolve.
3 minute read

Corporate Counsel

Tactics of Booming Auto-Lending Industry Raising Ire of Consumer Financial Protection Bureau

A powerful U.S. regulator alleges the industry is rife with shenanigans, conduct it's trying to rein in by filing lawsuits.
3 minute read

New York Law Journal

The UCC Emerging Technologies Amendments: Part III (The Issue of Money)

The proposed changes to the UCC effected by the 2022 amendments are numerous, affecting every article in the statute. Among those changes are amendments to the definition of "money" and how a security interest in that type of asset can be perfected. In her Secured Transactions column, Barbara Goodstein discusses the treatment of money under the 2022 UCC amendments and how it's affecting the progress of adoption of the amendments throughout the states, and the "loosely titled hip-pocket amendment" that will try to resolve the issue impeding adoption.
8 minute read

Daily Business Review

Bankruptcy Filings Rise 10% and Local Courts Are Feeling the Pinch

Attorney Glenn Moses attributes the uptick to "...a more conservative approach by banks in their lending practices – causing liquidity issues for business which often results in a bankruptcy filing."
3 minute read

The American Lawyer

Simpson Thacher Adds 2 Partners From SVB Capital, Blackstone

The partner lateral market has been fairly active, but Simpson Thacher has taken its latest two partners from outside the Big Law sphere.
3 minute read

Daily Report Online

Man Sues Law Firm, Mortgage Provider Over Deed of Trust Claims

This suit was surfaced by Law.com Radar. Read the complaint here.
1 minute read

Daily Business Review

Ex-Florida Lawyer to Take $650K Loss Over Stolen Attorney Fees

The Florida Supreme Court disbarred the attorney and several others, including a Broward Circuit Court judge, stemming from their role in the stolen legal fees.
3 minute read

New York Law Journal

Scope of Guarantor Protections; Lack of Standing To Foreclose: This Week in Scott Mollen's Realty Law Digest

Scott Mollen discusses "Mansion Realty LLC v. 656 7th Ave. Gym LLC," and "Bank of NY Mellon Trust Co. NA v. Hendrickson."
17 minute read

New Jersey Law Journal

SAFE Banking Act Will Ease Tension Between NJ and US Cannabis Laws

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.
8 minute read

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