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Delaware Business Court Insider

Investment Company Sued Over Default on $58M Loan

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

National Law Journal

Are Regulations Coming to Address Energy Consumption in the Cryptocurrency Industry?

Creating a single bitcoin requires 750.33 kilowatt-hours of electricity, which is the equivalent of powering a house for 25.72 days. Recent crypto-focused legislative proposals are an indicator of the increased attention on energy usage and environmental impacts of the cryptocurrency industry.
6 minute read

New York Law Journal

Class Action Suit Against Signature Bank, Former Executives Filed in Brooklyn Federal Court

The lawsuit, which accuses officers of making false statements that artificially inflated the value of its securities, is believed to be the first civil suit filed against the bank.
3 minute read

The American Lawyer

Big Law Works 'Around the Clock' as Clients Navigate SVB Collapse

As clients scrambled to access and move funds from Silicon Valley Bank accounts over the weekend, many law firms quickly pivoted to provide resources and guidance.
7 minute read

Legaltech News

Legal Tech's SVB Fallout: More Layoffs, Client Scrutiny Expected Amid Financial Reckonings

While a worst-case-scenario was avoided after the FDIC backstopped SVB's deposits, the impact of the bank's demise will likely reverberate across the legal tech market, which has numerous ties to SVB, for weeks and months to come.
8 minute read

Legaltech News

Due Diligence Strategies Under Hong Kong's New Cryptocurrency Rules

Under new rules going into effect June 1, 2023, the Hong Kong cryptocurrency market will be opened to retail investors, while cryptocurrency exchanges are required to obtain virtual asset service provider, or VASP, licenses.
5 minute read

Texas Lawyer

Texas Benefits Exist For Veterans Starting Businesses

Texas Senate Bill 938 provides veteran-owned businesses a waiver for the formation fees and the Texas franchise tax for up to five years. However, veterans must apply for it.
5 minute read

New York Law Journal

SDNY Is the New Worst Place To Litigate MCA Disputes

The author writes: Since last June, beginning with the issuance of the befuddling decision in Fleetwood Services v. Ram Capital Funding LLC, the Southern District of New York has taken over the "worst place to litigate" title for merchant cash advance (MCA) transactions. While the SDNY's MCA doctrine and the slew of new filings suggest the civil RICO winter has come for MCA funders with New York choice-of-law provisions, 'Fleetwood' and its progeny provide useful guidance for fixing MCA agreements for a sunnier future.
8 minute read

Texas Lawyer

This Ruling in an $11.5M Case Could Affect a 'Sea of Filings' in Multiple States

"There is a sea of Balboa Capital filings on the docket daily, and only time will tell how many loans were made on that form of loan agreement and suffer from the same defect," attorney Dana Campbell said.
4 minute read

Law.com

6th Circuit Reinstates Debt Collection Suit: Plaintiff 'Can Hang Her Hat on' Attorney's Alleged FDCPA Violation

Under the FDCPA, the one-year statute of limitations for claims begins the date the violation occurs, the opinion said.
4 minute read

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