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28 Jan 2021, 6:09 pm by Francis Pileggi
Among the claims by the limited partner was that the general partner of the limited partnership, the LLC manager, breached fiduciary duties by failing to disclose that the general partner was the only investor in the fund other than the suing limited partner, and related omissions or misrepresentations. [read post]
28 Jan 2021, 1:23 pm by Gene Takagi
Levitt, Principal, Adler & Colvin; Stephanie Thomas, Partner, Morrison & Foerster LLP; Jenny Yip, Managing Partner, Adjuvant Capital Impact Investments (a definition): “Investments made into companies, organizations, and funds with the intention to generate measurable social and environmental impact alongside a financial return. [read post]
21 Jan 2021, 9:06 am by Kristian Soltes
San Antonio, Texas-based SWBC sells insurance, mortgages, and wealth-management services, but it also enables its clients to receive both ACH and card payments at call centers, on Web sites, and via mobile devices. . [read post]
20 Jan 2021, 12:03 pm by Nirav Bhatt and Bijal Vira
General Eligibility and Restrictions for “Permanently Closed” Businesses The First Draw PPP IFR confirms that, except for expanding the list of prohibited applicants to include publicly-traded companies and businesses that are “permanently closed,”[2] the eligibility criteria for businesses applying for First Draw PPP Loans remains unchanged. [read post]
20 Jan 2021, 10:59 am by Nirav Bhatt and Bijal Vira
General Eligibility and Restrictions for “Permanently Closed” Businesses The First Draw PPP IFR confirms that, except for expanding the list of prohibited applicants to include publicly-traded companies and businesses that are “permanently closed,”[2] the eligibility criteria for businesses applying for First Draw PPP Loans remains unchanged. [read post]
16 Jan 2021, 12:06 pm by Tom Smith
Instead of one county bank, there are a handful of giant banks and credit card companies. [read post]
14 Jan 2021, 3:13 pm by luiza
Cognosante – $19 Million – General Services Administration Contract Fraud. [read post]
14 Jan 2021, 12:09 pm by luiza
  Sandoz Inc., other generics companies, and executives, colluded to allocate customers, rig bids, and raise prices for various generic drugs. [read post]
13 Jan 2021, 7:21 am by Patrick McDonnell
” They either hold mortgages from lenders or package them into mortgage-backed securities, a type of investment product. [read post]
12 Jan 2021, 10:10 pm by Mahmoud Khatib
Paying off the debt generally does not include the mortgage on a house or any other real estate property. [read post]
 For example, the Bureau could have units dedicated to credit cards, mortgages, small dollar loans, fintech, and third party service providers (such as debt collectors and mortgage servicers), with each unit having enforcement, rulemaking, and supervision responsibilities. [read post]
11 Jan 2021, 6:37 pm by Shannon O'Hare
 companies themselves “borrowed a record USD 2.5tn in the bond market” and continue to do so with a resulting expectation of a “Fed bail-out”. [read post]
  We would also note that between July and October 2020, the CFPB announced 25 new enforcement actions as part of another investigatory sweep concerning potential unlawful advertising in violation of Regulation N by mortgage companies offering mortgages guaranteed by the Department of Veterans Affairs. [read post]
5 Jan 2021, 11:49 am by C. Ryan Maloney, Esq.
Therefore, if a lis pendens is filed on the property, prospective buyers may be deterred from purchasing the property, mortgage lenders may be deterred from providing financing, or title insurance companies may not provide title insurance. [read post]
  The Act also permits eligible business concerns who previously received PPP loans to apply for a second draw of PPP loan proceeds (a Second Tranche PPP Loan), albeit by adopting generally more restrictive eligibility criteria and reducing the maximum amount of proceeds available for a second PPP loan. [read post]
  The Act also permits eligible business concerns who previously received PPP loans to apply for a second draw of PPP loan proceeds (a Second Tranche PPP Loan), albeit by adopting generally more restrictive eligibility criteria and reducing the maximum amount of proceeds available for a second PPP loan. [read post]