On October 5, 2023, the First Department of New York’s Appellate Division limited the ability of borrowers to use a claim for breach of the implied covenant of good faith and fair dealing as a club to prevent lenders from...more
On January 18, 2024, New York’s Appellate Division rejected a junior mezzanine lender’s contention that it was fraudulently induced to amend the parties’ intercreditor agreement, because it failed to identify specific...more
Due to the novel coronavirus outbreak, the hospitality industry is potentially facing its worst crisis since the September 11, 2001 terrorist attacks. In response to the continuing outbreak, major companies have announced...more
3/11/2020
/ Borrowers ,
Coronavirus/COVID-19 ,
Financial Services Industry ,
Hospitality Industry ,
Hotel Management Agreements ,
Hotels ,
Infectious Diseases ,
International Travel ,
Loan Documentation ,
Performance Standards ,
Tourism ,
Traveling Employee
On March 8, 2019, King & Spalding partners Rich Marooney and Paul Straus and senior associate Evan Ennis won the dismissal with prejudice of a Section 10(b) securities fraud complaint against automotive transportation and...more