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7 Mar 2012, 7:22 am
In his opinion, the Vice Chancellor grants a permanent injunction against the sale of BankAtlantic Bancorp's sale of its federal saving bank subsidiary to BB&T because it would violate covenants in several indentures for Trust Preferred Securities that prohibit the sale of "all or substantially all" of the Bancorp assets unless the purchaser assumed the obligations under the indentures. [read post]
5 Mar 2012, 2:08 am
Last Friday, Overstock.com (NASDAQ: OSTK) reported a fourth quarter net loss of $3.4 million compared to net income of $14.9 million in the previous year’s fourth quarter. [read post]
2 Mar 2012, 9:26 am
On the plus side, you may already have some of the necessary documents in place that you can work with, such as in a fairly new development where the developer was unable to finish building out the subdivision and it was taken over by the bank. [read post]
27 Feb 2012, 7:42 am
Glenn Cameron, Susan Hutton and Lisa McDowell - Despite uncertainty and slow growth in the US and Europe, Canada has continued, for the most part, to post impressive economic results. [read post]
24 Feb 2012, 7:01 am
The Court held that clause 14 allowed the seller three banking days to ‘make arrangements’, not ‘to provide’, the documents referred to, which included taking steps to enable them to provide the documentation: in this case to lift the detention and deliver the bill of sale in which it covenanted that the vessel would be free of detentions. [read post]
23 Feb 2012, 11:05 am
Bank of New York Mellon Corp., 2012 WL 476526 (N.D. [read post]
23 Feb 2012, 5:04 am
Regardless, employers should be aware of the restrictions this law places and draft any restrictive covenants to comply with this law. [read post]
22 Feb 2012, 1:03 am
Bank. [read post]
21 Feb 2012, 1:35 am
Last Friday after the stock market closed, Overstock.com (NASDAQ: OSTK) filed an 8-K report and disclosed that it defaulted on its loan covenants with U.S. [read post]
20 Feb 2012, 11:16 am
If not, the association can file the lien and look to foreclose if the bank is drawing the time out. [read post]
16 Feb 2012, 7:33 am
This land had once been owned the original developer Braeman, then passed through the hands of a few different parties, before ending up with the FDIC, which had taken the parcels of land from a failed bank. [read post]
3 Feb 2012, 7:03 pm
The complaining employee’s claim to privacy in her banking records would fall within her interest in informational privacy.The recognition of a right to privacy was also shown by the development of the common-law tort of defamation, and privacy had been declared to be a human right by various international agreements, such as the International Covenant on Civil and Political Rights, the court noted.Interference with Federal, Provincial Legislation? [read post]
3 Feb 2012, 4:21 pm
By Rebecca Woods In the most recent ruling in long-running litigation styled AMG National Trust Bank v. [read post]
19 Jan 2012, 7:50 pm
The employee's covenant was not narrowly tailored to restrict him from selling only products or services competitive with those offered by the ex-employer. [read post]
18 Jan 2012, 10:42 pm
Inflation in the UK remained well above the Bank of England's 2.0% target, benefitting rent reviews, which were subject to CPI or RPI.Redefine said that the period since the company's year-end (August 31, 2011) had continued to be dominated by the eurozone sovereign debt and EU banking crises.The uncertain and volatile economic environment that this had created continued to impact on the performance of the commercial property market in the UK and Western Europe.Consumer… [read post]
3 Jan 2012, 6:19 pm
However, financial institutions such as banks and credit unions are excluded from this limitation, and Article 15 contains other exclusions. 7. [read post]
29 Dec 2011, 5:20 am
In Wells Fargo Bank, NA v. [read post]
29 Dec 2011, 12:26 am
Bank to avoid an anticipated default under its covenants on December 31, 2011. [read post]
27 Dec 2011, 12:08 pm
For example, real estate developers and business owners in the past could reasonably assume that a bank would not immediately call a loan if you failed to meet certain financial covenants. [read post]
20 Dec 2011, 2:13 pm
ADMINISTRATIVE LAW.Driesen, David M. [read post]
