News & Analysis as of

Disbursement Issues

Goulston & Storrs PC

Difficult Multi-Step Process for Obtaining and Cashing In On Appeal Bonds

Goulston & Storrs PC on

Porter v. Bd. of Appeal of Bos., No. 22-P-974, 2024 WL 187241 (Mass. App. Ct. Jan. 18, 2024). The case of Porter v. Bd. of Appeal of Boston is the latest case that involves an eternal question posed by developers: how does...more

Proskauer - Law and the Workplace

Delaware Supreme Court Validates Forfeiture-For-Competition Provision in Unanimous Reversal of Chancery Court

In a win for businesses that rely on restrictive covenants to protect their assets and investments, on January 29, 2024, the Delaware Supreme Court unanimously reversed a Chancery Court decision that invalidated a...more

Vinson & Elkins LLP

Missing Gold: Misappropriation by SPAC CFO Underscores Importance of Internal Controls

Vinson & Elkins LLP on

On February 22, 2023, the Securities and Exchange Commission (“SEC”) issued a cease-and-desist order (the “Order”) charging African Gold Acquisition Corp. (“African Gold”) with multiple violations of the Securities Exchange...more

The Volkov Law Group

Bankruptcy Proceedings Reveal Shocking Lack of Controls at Disgraced Cryptocurrency Exchange FTX (IV of IV)

The Volkov Law Group on

On top of all the legal trouble for FTX’s founder and CEO, Sam Bankman-Fried (“SBF”), the company has also filed for bankruptcy and SBF has been ousted as CEO.  John J. Ray III, an attorney and bankruptcy professional, has...more

Goodwin

FINRA to Permit Temporary Transaction Holds and Longer Disbursement Holds to Prevent Financial Exploitation of Elders and Other...

Goodwin on

FINRA Rules 2165 (Financial Exploitation of Specified Adults) and parts of 4512 (Customer Account Information) became effective on February 5, 2018 and implemented a framework to permit broker-dealers to place a temporary...more

Smart & Biggar

Canadian courts show trend of awarding higher costs in IP litigation

Smart & Biggar on

Every IP litigant has the same questions on their mind: “If I win, how much of my legal costs can I recover? And if I lose, how much will I have to pay?” These are important questions, and the answers now may be different...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

Take extra precaution for COVID distributions

The Securities and Exchange Commission is urging professionals to take extra steps to ensure the safety of investors’ assets. ...more

Orrick, Herrington & Sutcliffe LLP

Corte di Cassazione sez. I, sent. 20.4.2020 n. 7919.

Con la sentenza in rassegna la Corte di Cassazione entra nel dibattuto tema delle erogazioni dei soci a favore della società.  ...more

Downs Rachlin Martin PLLC

New Interim Final Rule on PPP Borrower and Lender Disbursements

Disbursement of PPP Loan Proceeds - Questions persist regarding how loans under the Paycheck Protection Program (“PPP”) are to be funded by lenders. Specifically, some Borrowers have sought multiple draws hoping to achieve...more

Foodman CPAs & Advisors

Can you identify a Misappropriation Scheme?

Foodman CPAs & Advisors on

Misappropriation is the use of property or funds of another person for an unauthorized purpose.  In misappropriation, the perpetrator steals or misuses an organization’s belongings and resources; usually without force.  The...more

Pierce Atwood LLP

Under The Dome: Inside The Maine State House

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Under the Dome: Inside the Maine State House provides a high-level overview of recent activity at the Maine State House. Ethics Commission Disburses Funds to Clean Elections Candidates despite Biennial Budget Typo...more

Carlton Fields

Two New FINRA Rules For The Protection Of Senior Investors

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The protection of senior investors continues to be a priority for FINRA, from both an examination and enforcement perspective. In fact, FINRA detailed how seniors are one of its major areas of concern in the last three...more

Epiq

Five Ways to Increase Negotiation Rates in Disbursements

Epiq on

When sending a disbursement for a settlement in a class action, mass tort, or bankruptcy cases, parties often feel that control is now out of their hands and there is nothing more to do than wait for checks to be negotiated....more

Dechert LLP

FINRA Issues FAQs on Rules Relating to Financial Exploitation of Seniors and Other Vulnerable Adults

Dechert LLP on

The Financial Industry Regulatory Authority (FINRA) has published frequently asked questions (FAQs) for complying with new FINRA Rule 2165 (Financial Exploitation of Specified Adults) and amendments to FINRA Rule 4512...more

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