Finance & Banking – May 23, 2012

by McNees Wallace & Nurick LLC on 5/22/2012

IN THIS ISSUE: Long Awaited Tech One Associates Decision; Philadelphia Common Level Ratio Drama Continues; Court Upholds IFTA Liability; PA Budget Watch; Goodwill Included in Subsidiary Valuation for Holding Company...more

by BuckleySandler LLP on 5/14/2012

On May 8, the FTC announced that it had joined the CFPB and the DOJ to file a brief supporting the constitutionality of the Fair Credit Reporting Act (FCRA). The brief was filed in a lawsuit in the U.S. District Court for the...more

by Morrison & Foerster LLP on 5/7/2012

On April 25, 2012, the Supreme Court issued a 5-4 opinion, written by Justice Breyer, concluding that Treasury Regulation § 301.6501(e)-1(a)(iii) was invalid. The regulation required overstatements of basis to be treated as...more

by Morvillo, Abramowitz, Grand, Iason, Anello &... on 5/3/2012

A closely watched white-collar criminal case poses an interesting question in a challenging context: just how egregious do a juror’s lies during jury selection have to be in order to warrant a new trial? United States v....more

by McKenna Long & Aldridge LLP on 4/19/2012

Non-recourse as the norm: During CMBS’ halcyon days between the years of 2001 and 2007, over $750 billion dollars of commercial securitized loans were originated. CMBS borrowers were eager to enjoy the lower interest rates,...more

by Sedgwick LLP on 4/13/2012

The bankruptcy code provides protection and relief to individuals facing insurmountable debt, but it carries certain obligations and limitations, notably requiring them to list all of their assets, including any claims or...more

by Patton Boggs LLP on 4/13/2012

In This Issue: - DOMESTIC POLICY MATTERS Congress is in recess, returning April 16th. Late last week, newly-appointed Senate Parliamentarian Elizabeth MacDonough released a procedural opinion that last summer’s...more

by Dechert LLP on 3/30/2012

Well, that didn’t take long . . . Flashback to last month, when we highlighted two eye-opening judicial decisions from Michigan that could potentially have a dramatic and costly impact for recourse guarantors of many CMBS...more