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4 Feb 2019, 6:00 am by Christopher G. Hill
He practices at Much Shelist in Chicago and focuses on negotiating and preparing design and construction contracts for owners, contractors, and lenders, as well as preparing for, and confronting, construction related insolvency when a project participant goes bankrupt or a lender goes into FDIC receivership. [read post]
3 Feb 2019, 2:02 pm by J. Ross Pepper
Here are the basic facts related to the procedural history of the case: Merit Construction was sued for damages by JAG arising out of its work on a project Merit agreed to settle the suit for over three million dollars The insurance company which had insured Merit under a commercial general liability policy was placed in a receivership (meaning it could not pay claims of its insureds, like Merit) Merit assigned its rights against its insurance agent (“Agent”) which had procured… [read post]
1 Feb 2019, 8:38 am by Chantal DeSereville
The AER subsequently indicated to Grant Thornton that notwithstanding the receivership, Redwater remained obligated to comply with all end of life obligations for its spent and inactive wells and that it was required to fulfill these obligations prior to distributing any funds to creditors. [read post]
22 Jan 2019, 12:00 pm by Gerry W. Beyer
Richardson, Jr. published an Article entitled, Receivership: Another Option for Partition of Heirs Property, 120 W. [read post]
16 Jan 2019, 1:20 pm
  In addition to hearing from no fewer than 25 witnesses, the Board received approximately 200 documentary exhibits into evidence.The Board heard that the biodigester in question had been installed in or about 2008 by the greenhouse operator (now in receivership) at the rear of its greenhouses to provide an alternative source of energy. [read post]
16 Jan 2019, 1:20 pm
  In addition to hearing from no fewer than 25 witnesses, the Board received approximately 200 documentary exhibits into evidence.The Board heard that the biodigester in question had been installed in or about 2008 by the greenhouse operator (now in receivership) at the rear of its greenhouses to provide an alternative source of energy. [read post]
20 Dec 2018, 6:00 am by Yosie Saint-Cyr
The increase to the maximum payment applies retroactively to bankruptcies or receivership that occurred on or after February 27, 2018, the day the budget was tabled. [read post]
19 Dec 2018, 11:47 am by Walter J. Andrews and Cary D. Steklof
  Others, such as Real Legacy, have gone into receivership – virtually assuring that policyholders with valid claims will only be paid a fraction of what they’re owed. [read post]
17 Dec 2018, 12:39 pm by Keith L. Miller
The Mansors further alleged that Ressler continued to assist the Millennium fraud after September 25, 2008, when the United States Office of Thrift Supervision placed WaMu into receivership with the FDIC, and sold certain of WaMu’s assets to Chase. [read post]
29 Nov 2018, 3:25 pm by MOTP
If this were the case, injunctions would usurp the carefully constructed statutes concerning garnishment, attachment, receivership, etc. [read post]
21 Nov 2018, 4:31 am by Andrew Lavoott Bluestone
” “Similarly, where property value is not only unclear but arguably ummarketable, thus rendering it “unlikely that a turnover to the sheriff would result in satisfying the judgment,” courts have also directed turnover to a receiver to do any act “designed to satisfy the judgment” (see CPLR 5228; Udel v Udel, 82 Misc 2d 882, 884 [Civ Ct NY County 1975] [on motion of creditor, appointing receiver “to do any act designed to satisfy the judgment,… [read post]
15 Nov 2018, 7:30 am by Yosie Saint-Cyr
Bill C-86, A second Act to implement certain provisions of the budget tabled in Parliament on February 27, 2018 and other measures received first reading on October 29, 2018. [read post]
24 Oct 2018, 6:41 pm
Visconti is Of Counsel to the Firm and focuses her practice in the areas of state and federal court appeals, complex litigation, and receiverships. [read post]
22 Oct 2018, 8:43 am by Alan White
Education Corporation of America filed a legal action in federal district court last week claiming financial distress, seeing to enjoin its creditors and restructure its debt. [read post]
10 Sep 2018, 6:59 am by Reshma Kishnani
The Court of Appeal rejected this argument, however, and found that in such a receivership the Receiver was wearing two hats. [read post]
4 Sep 2018, 2:37 am by Stephen Lubben
In my research I discovered that many states have specialized receivership and other insolvency laws for specific types of businesses. [read post]
18 Jul 2018, 2:58 am by Walter Olson
” [Dan Lewis, Now I Know, cheese promotion] Federal judge in Southern District of Mississippi wants race and gender hiring set-asides for legal work in receivership case, which is not fair to victims of Ponzi scheme whose interests are under care [Scott Greenfield] Trademark claims on “Ruby Tuesday,” who can hang a name on you? [read post]
10 Jul 2018, 10:17 am
HHS adopted this based on the assumption that the program must be budget neutral.Evergreen went in to receivership right after it was ordered to pay $24.2 million dollars into the RA fund in August of 2016. [read post]
9 Jul 2018, 4:25 am by Hedge Fund Lawyer
Form 1-U needs to be filed within 4 business days of any of the following: Fundamental changes in the nature of the business; Bankruptcy or receivership; Material modification of the rights of security holders; Changes in the certifying accountant of the issuer; Non-reliance on previous financial statements or a related audit report or completed interim review; Changes in control of the issuer; Departures of the principal executive officer, principal financial officer or principal… [read post]