It happens often. A company spends years and a small fortune on attorney fees battling an adversary in a commercial dispute and finally - at last - a compromise is reached. The war is over! But wait. The issue of documenting…more
Congress enacted the Fair Credit and Reporting Act (FCRA) in 1970 to require consumer reporting agencies to accurately report consumer credit information. The FCRA gives consumers rights to dispute errors in credit reports. …more
When a check is issued to joint payees, the Uniform Commercial Code ( as adopted in Ohio and Kentucky) requires that all payees endorse the check before the check may be properly cashed or accepted for deposit by a bank. …more
Earlier this week, a federal appellate court issued an opinion concluding that a merchant violated a federal statute after it sold a customer $25 in neckwear that the customer purchased with a credit card because the merchant…more
On December 1, 2011, an Ohio Court of Appeals concluded that a party lost its right to arbitrate when that party first attempted to assert that right a year after litigation began. The Court's decision emphasizes that a party…more
Kentucky and Ohio courts follow the "American Rule" under which a prevailing litigant may not recover its attorney fees from the losing party. However both states recognize two major exceptions: 1.) a party may recoup its…more
Unless a written contract provides otherwise, the interest rate applicable to a money judgment issues by an Ohio court accrues at a rate determined annually by the Ohio Tax Commissioner. On October 4, 2011, the Commissioner…more
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