Legal / Fraud

Vedder Price Named 2019 Equipment Finance Law Firm of the Year

U.S. News – Best Lawyers once again named Vedder Price “Law Firm of the Year” for Equipment Finance in its annual “Best Law Firms” rankings. Only one firm per legal practice area receives this recognition. read more

Wells Fargo and BlackRock Plaintiffs Settle RMBS Trustee Litigation

Wells Fargo and a group of institutional investors, including funds affiliated with BlackRock and PIMCO, reached a settlement that resolves two class action lawsuits. read more

Reed Smith Launches Asset and Equipment Finance Blog

Law firm Reed Smith launched an Asset and Equipment Finance blog, Asset Finance in Brief, edited by New York based Partner, Richard Tannenbaum. read more

Greenberg Traurig Receives First-Tier Ranking for Equipment Finance Law

Global law firm Greenberg Traurig received the most overall first-tier rankings in the U.S. News – Best Lawyers “Best Law Firms” report, including a first-tier metropolitan ranking for Equipment Finance law. read more

Vedder Price Global Transportation Finance Adds Shareholder Imhof

John F. Imhof Jr. joined Vedder Price as a Global Transportation Finance Shareholder in New York. read more

FAA Reauth Act Confirms Effect of Statute Protecting Aircraft Lessors

An article by Holland & Knight Attorneys Marc L. Antonecchia and John M. Toriello explores how the FAA Reauthorization Act of 2018 confirmed a pre-emptive effect of a statute protecting aircraft lessors. read more

Dechert Achieves Comprehensive Trial Victory for DLL

Dechert has achieved a comprehensive and dramatic trial victory for DLL in a Pennsylvania state court case arising from a former executive’s misappropriation of trade secrets and violation of contractual obligations upon his separation from the company. read more

Xavian Insurance Sues Marsh, Boeing, Boeing Capital Over AFIC

According to Insurance Insider, Xavian Insurance has filed suit against Marsh & McLennan Companies, Boeing and Boieng Capital, claiming the companies misappropriated trade secrets to launch the Aircraft Finance Insurance Consortium. read more

SEC Charges Citigroup for Dark Pool Misrepresentations

The Securities and Exchange Commission entered an order finding that Citigroup Global Markets misled users of a dark pool operated by one of its affiliates. read more

SEC Charges 1 Global Capital, Former CEO with Defrauding Investors

The SEC announced charges against 1 Global Capital and its former CEO for allegedly defrauding at least 3,400 retail investors. read more

SEC Charges Moody’s With Control Failures, Ratings Deficiencies

The Securities and Exchange Commission announced Moody’s Investors Service agreed to pay a total of $16.25 million in penalties to settle charges involving internal control failures and failing to clearly define and consistently apply credit rating symbols. This marks the first time the SEC has filed an enforcement action involving rating symbol deficiencies. read more

Morgan Lewis Expands Structured Transactions Practice with New Partners

Morgan Lewis expanded its structured transactions capabilities with the addition of partners Jeff Weinstein and Partrick Lample in Chicago. read more

NY Supreme Court Denies Capital One EF Motion to Collect $33.7MM Medallion Loans

The New York Supreme Court denied Capital One Equipment Finance’s motion to recover payment on 22 taxi-medallion loans totaling $33.7 million, for lack of time in discovery in consideration of the issues that have been raised regarding the accuracy and reliability of the loan summaries and payment histories. read more

Citigroup to Pay $10MM+ for Records Violations and Inadequate Controls

The SEC announced Citigroup agreed to pay $10.5 million in penalties to settle two enforcement actions involving its books and records, internal accounting controls and trader supervision. read more

Dallas Court Upholds $96.2MM Judgment Following BBVA Fraud Verdict

A Dallas judge entered a $96.2 million judgment against BBVA Compass Bank in a ruling that upholds the verdict against the bank for fraud during loan renewal and modification negotiations with a developer. read more

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Terry Mulreany
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