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Loans › Transfers

King & Spalding

Second Circuit Reverses Judgment for Revlon Lenders Mistakenly Paid $500 Million by Citibank

King & Spalding on

On September 8, 2022, the U.S. Court of Appeals for the Second Circuit reversed a judgment entered for a group of lenders (or their representatives) of cosmetics company Revlon, Inc. in a case over entitlement to $500 million...more

Patterson Belknap Webb & Tyler LLP

Claims Dismissed Against Successor Transfer Agent Where There Was No Showing Of A Duty Owed To The Investors

Patterson Belknap Webb & Tyler LLP on

In Magna Equities II, LLC et al., v. Writ Media Group Inc., et al., No. 653808/2016, 2017 BL 115243 (N.Y. Sup. Ct March 30, 2017), Justice Peter Sherwood dismissed for lack of jurisdiction and failure to state a claim all...more

Ballard Spahr LLP

Maryland Issues Revised Proposed Rules for Servicing Transfers

Ballard Spahr LLP on

The Maryland Commissioner of Financial Regulation recently issued a revised proposed regulation impacting servicing transfers. The Commissioner previously issued proposed regulations on this topic in January 2015. This...more

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