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By Colby Hamilton | January 22, 2018
Arent Fox's Les Jacobowitz asked but no one—not class counsel, the judge, and certainly not the banks—had an answer. So he tried to answer the question himself, and in doing so hopes to convince Judge Naomi Reice Buchwald to blow up proposed settlements with the banks.
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By C. Ryan Barber | January 22, 2018
U.S. District Judge John F. Walter on Jan. 19 ruled the CFPB had failed to show that any restitution was appropriate. He ordered CashCall—represented by lawyers from Skadden, Arps, Slate, Meagher & Flom and Latham & Watkins—to pay a penalty of about $10.3 million, the statutory minimum.
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By NJLJ Contributors | January 22, 2018
In this supplement, learn about how the tax overhaul affects family law matters; "forensic mediation" in a matrimonial case; #MeToo and a divorce matter; and the importance of securing life insurance to cover support obligations.
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By Jim Saunders, News Service of Florida | January 19, 2018
Florida lawmakers have started moving forward with a proposal to revamp rules for the payday-loan industry, allowing customers to borrow larger amounts of money over longer periods of time.
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By Kathleen A. Scott, Chair, NYSBA Business Law Section | January 19, 2018
Kathleen A. Scott, Chair of the NYSBA Business Law Section, writes: One of the best ways to keep up with the latest developments in the business law field is to join the Business Law Section. The Section encompasses a variety of specialties: banking, insurance, technology and venture law, nonprofit organizations, franchise, bankruptcy, public utility.
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By Christine Simmons | January 19, 2018
An appellate panel said a lower court was wrong to grant summary judgment to an ex-client suing New York's Gilbride, Tusa, Last & Spellane.
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By Roy Strom | January 18, 2018
Andrew “Drew” Cardonick, a 25-year veteran of Chicago's lender side banking practice, has switched firms.
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By C. Ryan Barber | January 18, 2018
"This case should never have been brought in the first place. We're pleased that the bureau has decided to withdraw a lawsuit," Lori Alvino McGill, a Wilkinson Walsh + Eskovitz partner, said about the CFPB's decision Thursday to drop a lawsuit against payday lenders in Kansas federal court.
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By Sue Reisinger | January 18, 2018
"To prosper over time, every company must not only deliver financial performance, but also show how it makes a positive contribution to society,” BlackRock's CEO Laurence Fink wrote.
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By Samantha Joseph | January 18, 2018
Court documents allege the company targets disabled and retired military veterans with pensions.
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