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Law.com

9th Circuit, Reviving Claims Against CitiMortgage, Lays Out Path for Suing Loan Furnishers Under FCRA

Joining a number of other federal appeals courts around the country, the U.S. Court of Appeals for the Ninth Circuit ruled that plaintiffs attempting to sue loan furnishers under the Fair Credit Reporting Act must first show that the information reported was inaccurate before then showing that the furnishers' investigation into the dispute was unreasonable.
5 minute read

Corporate Counsel

In Sign of Cases to Come, SEC Fines BNY Mellon $1.5M Over ESG Disclosures for Mutual Funds

The SEC launched an ESG task force last year, a reflection of heightened scrutiny of the sector that's expected to create myriad legal and regulatory headaches for corporate legal departments.
2 minute read

Daily Business Review

Recession Warnings Mount as Cracks in Economy Show

Wall Street economists are cutting their growth forecasts in response to a tightening of financial conditions engineered by an inflation-fighting Federal Reserve.
5 minute read

The Legal Intelligencer

Attorney Facing $230K Judgment Over Lit Funding Loan Fails in Bid to DQ Opposing Counsel

The case stems from a $25,000 loan Martucci took out from the Lawyers Funding Group to help cover the costs of litigating a personal injury lawsuit that had been referred to him.
3 minute read

Law.com

Federal Judge Tosses Legal Malpractice Suit, Finding No 'Ulterior Motive' in Filing Ch. 13 Petition on Eve of Foreclosure Sale

"My position from day one was that if this outcome was different, it would basically put a thorn in the side of the bankruptcy practice—that bankruptcy practitioners would be nervous about handling cases such as this because of the automatic stay," said solo practitioner Constant S. Poholek Jr., who was sued after filing a Chapter 13 bankruptcy petition for a client on the eve of a foreclosure sale.
6 minute read

Daily Report Online

Man Sues Bank of America for Allegedly Violating Truth in Lending Act

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

The American Lawyer

Kirkland Raids Proskauer for 6-Lawyer Registered Funds Group

The incoming partners are located in Kirkland's New York, Washington D.C, and Boston offices.
2 minute read

The Legal Intelligencer

Residential Mortgage Foreclosure Filings Are on the Rise, but Attorneys Say It's Not Another 2008

Lawyers active in the First Judicial District's mortgage foreclosure steering committee said that foreclosure filings in the Philadelphia Court of Common Pleas have bounced back in the past few months after they dropped substantially during the pandemic as a result of moratoriums and court shutdowns.
5 minute read

New York Law Journal

ABCs of Digital Assets and Taxation

Despite the prevalence of digital assets as investments as well as their use in commerce, the IRS has only issued limited guidance. Nonetheless, taxpayers must determine whether their virtual currency transactions are taxable and reportable.
7 minute read

New York Law Journal

TD Bank Sues for Possession of Long Island 'Party Boat' Over Loan Dispute

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

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