Fintech company TimePayment appointed Jay Haverty its new president and CEO. Haverty joined the firm in March 2018 as chief operating officer in conjunction with the company’s leadership succession plan. read more
The United States Attorney's Office arrested Edward Shin, the CEO of Noah Bank, for allegedly taking bribes in connection with the bank's issuance of loans and causing the bank to issue loans to companies in which he had a secret interest. read more
According to the Wall Street Journal, manufacturers of tractors and other farming equipment report weak demand for new equipment as the industry’s on-going slump continues to be exacerbated by trade tensions between the U.S. and China. read more
According to the latest data from ACT Research, preliminary North America Class 8 net order data show the industry booked 14,800 units in April, dropping a moderate 6.2% from March, but down 57% from year-ago April. read more
What are the things you find most useful when working with funding sources? What do you find least useful? Paul Burnham: Funders, please let the TPO [third party originator] know how important they are to the organization. Answer the phone... read more
On the deal flow side, how would you characterize the level of activity that you are seeing versus what it was a year ago? If activity is higher, is it the result of more deal flow from existing sources or... read more
2018 saw the dialogue surrounding electric vehicles continue among both regular consumers and professional drivers. But according to Fleet Advantage’s Brian Holland, while electrification may become possible somewhere down the road, for now, many in the trucking industry remain dedicated to improving their diesel fleets.
Moritt Hock & Hamroff counsel Theresa Driscoll takes a look at the recent Second Circuit Momentive decision and uses it to examine the importance of clarity in drafting loan documents and understanding what loan documents say, especially when a lender needs to enforce its rights.