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Law.com

Capital One 360 Savings Account Holder Files Class Action Lawsuit, Claims He Is Owed Better Interest Rates

This case was first surfaced by Law.com Radar.
2 minute read

New Jersey Law Journal

What Happens When a Redevelopment Project Goes Into Default or Bankruptcy?

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."
9 minute read

Daily Business Review

Miami Litigator Moves for $1M in Attorney Fees Against Kühne + Nagel

"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."
4 minute read

Law.com

Class Action Claims Upward of $5M Stolen From Nevada Prepaid Unemployment Debit Cards

This complaint was first surfaced by Law.com Radar.
3 minute read

Law.com

Judge Nixes Pot Dispensary's Attempt to Hold HSBC Responsible for $459K Lost in Phishing Scheme

"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.
5 minute read

New York Law Journal

No Sweat (Equity): Tax Court Addresses Partnership Profits Interests

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.
5 minute read

The Legal Intelligencer

Why the SAFE Banking Act Still Stinks: Third Try Falls Short

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.
10 minute read

The American Lawyer

Paul Hastings Lands Two Fintech Partners, Including Co-Chair of Perkins Industry Group

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.
3 minute read

New York Law Journal

An Emerging Financial Crisis In 2023? A Primer on Old Metrics

Potential weaknesses in the financial system are augmented by social media and the gamification of financial markets. This article explores risks that have surfaced in prior financial crisis cases and potential strategies for mitigating exposures.
8 minute read

Delaware Business Court Insider

Bankruptcy Judge Dismissed Fraudulent Transfer Claim in $7.2 Billion Purchase Led by Kohlberg Kravis Roberts

"It is black letter law in this Circuit that the gold standard for determining the value of an asset is to sell it in an open and fair market," stated U.S. Bankruptcy Judge Brendan Linehan Shannon. "A thing is worth what a willing buyer will pay to a willing seller following a proper marketing process.
4 minute read

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