Legal Archives - Page 105 of 105

Morrison Cohen Hires Levine as Partner, Corporate Department

Morrison Cohen hired Bruce P. Levine as its newest lateral partner in the Corporate Department. Immediately prior to joining Morrison Cohen, Levine was a partner in the Corporate Department of Herrick, Feinstein.

January 9, 2012 ABF Journal

Cadwalader Promotes Davis to Financial Restructuring Leadership

Cadwalader, Wickersham & Taft announced that long-time partner George Davis will join John Rapisardi and Deryck Palmer in leading the Financial Restructuring Group.

January 9, 2012 ABF Journal

Paul Hastings Represents HIG’s Bayside Capital as Lender for Acella

Paul Hastings announced that the firm represented HIG Capital and its credit affiliate Bayside Finance as a lender in connection with a $65 million term loan facility for specialty pharmaceutical company Acella Pharmaceuticals and its affiliates.

January 5, 2012 ABF Journal

Le-Nature’s President Gets Fifteen-Year Sentence for Fraud

The Pittsburgh Post-Gazette reported that former Le-Nature’s president Robert B. Lynn was sentenced to 15 years in prison for his role in the company’s financial fraud. Tammy Andreycak, the accounting director whose cooperation with federal agents was key for the prosecution, was sentenced to five years in prison.

January 3, 2012 ABF Journal

Former CEO of GDC Acquisitions Found Guilty of Fraud

A federal jury returned guilty verdicts against Courtney Dupree, the former CEO of GDC Acquisitions. Dupree was found guilty of bank fraud against Amalgamated Bank, GDC’s asset-based lender, of $21 million in fraudulent loans.

January 3, 2012 ABF Journal

Healthcare Insurance Receivables and Accounts as Collateral — A Plain English Explanation for Lenders

With certain precautions, a secured lender can include healthcare insurance receivables and accounts as collateral for a loan. In general, private healthcare insurance receivables are treated in the same manner as other accounts under the UCC while collateralizing government healthcare accounts is more risky due to federal anti-assignment provisions. With the aid of plain English, three Winstead attorneys shed light on the issues and differences.

July 29, 2010 deposit account | deposit accounts Rita Garwood

The New Federal Pleading Standards in the Post-Iqbal Era

Two recent Supreme Court decisions — Bell Atlantic Corp. v. Twombly and Ashcroft v. Iqbal — have threatened to dramatically change the framework under which federal complaints are analyzed for sufficiency. These decisions will place a substantial burden on plaintiffs in federal suits.

April 1, 2010 Federal Pleading Standard | Federal Rules of Civil Procedure | Supreme Court ABF Journal

Court of Appeals Rules Unsecured Creditors May Claim Post-Petition Attorneys’ Fees

In the case of Ogle, Liquidating Trustee of the Agway Liquidating Trust v. Fidelity & Deposit Co. of Maryland, The United States Court of Appeals for the Second Circuit held on November 2009 that a creditor was entitled to its post-petition legal fees incurred on a pre-petition indemnity agreement. In affirming the lower courts, the Second Circuit explained that the Bankruptcy Code (Code) “interposes no bar to recovery.”

March 1, 2010 Fidelity ABF Journal

Category: Legal