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In the Marketplace
ICON Capital Corp. and ICON Securities Corp. of New York have announced the commencement of the offering of ICON Income Fund Ten, LLC, which is expected to raise $150 million of investor equity over the next 12 to 24 months and acquire an estimated $300 million of equipment subject to leases with large, creditworthy companies. Structured as a LLC, ICON Ten is offering $150,000,000 of shares. The minimum investment is $5,000 for individuals and $3,000 for IRAs and other qualified plans. ICON Ten will seek to acquire equipment subject to leases in order to create an asset portfolio that is highly diversified by industry, equipment type, lessee and expiry dates, in order to reduce risk. The equipment commonly acquired by ICON Income Funds includes marine vessel, commercial aircraft, railroad, over-the-road transportation, power plant, store fixture and telecommunications and technological equipment.
Pantheon Capital LLC of Mahwah, NJ has been formed by healthcare leasing veterans Michael J. Crofton, Robert G. Thoma, and George K. Tsahalis. The three principals previously held senior positions at Morcroft Capital Corporation and its successor Fleet Capital Leasing Healthcare Finance. Pantheon Capital will focus on providing middle market leasing and financing to healthcare providers and equipment manufacturers. The company also announced that it has established an initial $10 million warehousing line of credit with Hudson United Bank.
Bankruptcy Sales: Finding a Diamond In the Rough
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
Judge Rules Shaquille O'Neal Will Face Securities Lawsuit for Promotion, Sale of NFTs
A federal district court in Miami, FL, has ruled that former National Basketball Association star Shaquille O'Neal will have to face a lawsuit over his promotion of unregistered securities in the form of cryptocurrency tokens and that he was a "seller" of these unregistered securities.
Why So Many Great Lawyers Stink at Business Development and What Law Firms Are Doing About It
Why is it that those who are best skilled at advocating for others are ill-equipped at advocating for their own skills and what to do about it?
Blockchain Domains: New Developments for Brand Owners
Blockchain domain names offer decentralized alternatives to traditional DNS-based domain names, promising enhanced security, privacy and censorship resistance. However, these benefits come with significant challenges, particularly for brand owners seeking to protect their trademarks in these new digital spaces.
Coverage Issues Stemming from Dry Cleaner Contamination Suits
In recent years, there has been a growing number of dry cleaners claiming to be "organic," "green," or "eco-friendly." While that may be true with respect to some, many dry cleaners continue to use a cleaning method involving the use of a solvent called perchloroethylene, commonly known as perc. And, there seems to be an increasing number of lawsuits stemming from environmental problems associated with historic dry cleaning operations utilizing this chemical.