Finance & Banking

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News & Analysis as of May 22, 2013

Bank Liability to Non-Customers in a Ponzi Scheme

by Timothy R. Moore | Spilman Thomas & Battle, PLLC on 12/18/2012

The morning news reports flashes a report that your customer was actually a Ponzi scheme and defrauded numerous people. Of course, this is terrible news for the innocent victims, but, you ask yourself, could my bank be...more

Failure to Issue Litigation Hold Is Not Necessarily Gross Negligence, Second Circuit Holds

by Ballard Spahr LLP on 7/24/2012

In a decision that will surprise some, the U. S. Court of Appeals for the Second Circuit recently held in Chin v. Port Authority that the failure to issue a litigation hold is not gross negligence per se. This decision runs...more

Transportation, Distribution and Logistics Alert Newsletter -- July 2012: Recent Cases Illustrate Possibility of Substantial...

by McNees Wallace & Nurick LLC on 7/5/2012

Since the Schramm v. Foster, 341 F.Supp.2d 53 (D. Md. 2004), transportation companies have been aware of the possibility of suits and verdict against transportation brokers. This is significant because many carriers also...more

Overlapping Auto Coverage In The New Age

by Field Law on 5/14/2012

The Alberta government, in its wisdom (or lack thereof) has recently changed the rules for situations of overlapping auto coverage. In this paper, I will summarize the changes with a particular focus on non-owned auto...more

Collecting Unpaid Wages Gets Easier

by Howard Ankin on 11/18/2010

Collecting Unpaid Wages Gets Easier: Illinois workers can now go straight to court to collect unpaid wages, as well as their legal fees, rather than first filing a complaint with the state; Employees can now sue not only...more