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New York Law Journal

Financial CHOICE Act of 2017: Will Collective Amnesia Triumph?

In his Corporate Securities column, John C. Coffee Jr. discusses the core ideas of the CHOICE Act, an "unedited grab bag (extending for nearly 600 pages) of pet ideas and recycled bills." Everyone recognizes that Dodd-Frank could be streamlined and simplified, but gutting it is a different matter.
34 minute read

Daily Business Review

Pension Fund in 'Dire Financial Condition' Beats Back Challenge

WestRock, an Atlanta-based paper and packaging company, cannot avoid making shortfall contributions to a pension fund in a "dire financial condition," the U.S. Court of Appeals for the 11th Circuit ruled Tuesday.
9 minute read

Daily Business Review

Phila. Sues Wells Fargo Over Alleged Discriminatory Lending

Philadelphia has sued Wells Fargo, alleging the bank violated the Fair Housing Act by targeting minority borrowers with high-risk and high-interest loans. The lawsuit is the first that a city has lodged against a financial institution since a recent U.S. Supreme Court ruling established that municipalities have standing to sue banks over allegedly discriminatory lending practices.
11 minute read

The Legal Intelligencer

Phila. Sues Wells Fargo Over Alleged Discriminatory Lending

Philadelphia has sued Wells Fargo, alleging the bank violated the Fair Housing Act by targeting minority borrowers with high-risk and high-interest loans. The lawsuit is the first that a city has lodged against a financial institution since a recent U.S. Supreme Court ruling established that municipalities have standing to sue banks over allegedly discriminatory lending practices.
4 minute read

New York Law Journal

Enforcing Prepayment Premium Clauses

In their Financing column, Jeffrey B. Steiner and Jason R. Goldstein discuss how the prepayment of a loan in commercial real estate transactions may result in unanticipated economic consequences and write: Counsel representing lenders must take care when drafting provisions designed to protect their clients against the risks associated with prepayments by borrowers. For the broadest protection, such provisions should clearly and unambiguously call for the payment of a prepayment fee upon borrower's default and lender's acceleration of the loan, whether prepayment occurs before, after or during a foreclosure action.
15 minute read

The Recorder

Washington Mutual, Inc. v. United States

5 minute read

New York Law Journal

Class Certified in Action Over Misleading Investment Guidance

A Manhattan federal judge has certified a class to bring suit against an investment management firm accused of misleading the investing public with trumped-up performance data for its trading strategy.
6 minute read

New York Law Journal

Class Certified in Action Over Misleading Investment Guidance

A Manhattan federal judge has certified a class to bring suit against an investment management firm accused of misleading the investing public with trumped-up performance data for its trading strategy.
2 minute read

The Recorder

Burning Questions for Greenbridge Corporate Counsel's Founder

Where marijuana and the law intersect, you're likely to find Khurshid Khoja. We recently caught up with the founder of Greenbridge Corporate Counsel to talk about what's on his plate in these ever-changing regulatory times.
12 minute read

The Recorder

Burning Questions for Greenbridge Corporate Counsel's Founder

Where marijuana and the law intersect, you're likely to find Khurshid Khoja. We recently caught up with the founder of Greenbridge Corporate Counsel to talk about what's on his plate in these ever-changing regulatory times.
12 minute read

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