Finance & Banking – May 23, 2012

by Duane Morris LLP on 5/23/2012

In a docket crowded with blockbuster cases this term, the Supreme Court's decision concerning the circuit split over cramdown plans precluding credit bidding by secured lenders may not stoke as much passion or fury as the...more

by BuckleySandler LLP on 5/14/2012

On May 7, the U.S. Court of Appeals for the Tenth Circuit published an opinion that a trade group has standing to sue the Attorney General of New Mexico over that state’s credit reporting and identify theft requirements....more

by Katten Muchin Rosenman LLP on 4/18/2012

Section 2(a)(iii) of every standard International Swaps and Derivatives Association (ISDA) Master Agreement provides in relevant part that a non-defaulting party does not have to perform so long as any event of default or...more

by Duane Morris LLP on 4/16/2012

The decision in Dietz is one of first impression in the Pennsylvania appellate courts and essentially forecloses would-be plaintiffs from asserting common law claims against creditors based on incorrect credit reporting,...more

by Morrison & Foerster LLP on 4/2/2012

In this issue Beltway Report; Bureau Report; Mortgage Report; Operations Report; Privacy Report; Plastics Report; and Preemption Report. Excerpt from Beltway Report Bend Over, Cough On January 23,...more

by Allen Matkins Leck Gamble Mallory & Natsis... on 3/20/2012

Last week, New York Times columnist Gail Collins wrote this Op-Ed piece criticizing the Jumpstart Our Business Startups (aka JOBS) Act (H.R. 3606). Dave Lynn provided a good summary of the bill in this posting on...more

by Duane Morris LLP on 3/6/2012

The Capital Bank & Trust decision enforcing a fidelity bond's termination provision reflects the majority rule that there is no fidelity coverage for loss from an employee's acts when the employer knows in advance of the loss...more

by Looper Reed & McGraw, P.C. on 2/23/2012

A WISP is a Written Information Security Plan. The State of Massachusetts is requiring every business that owns or licenses the Personal Information (more on the definitions below)of Massachusetts residents to have such a...more