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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.
Law Firms are Reducing Redundant Real Estate by Bringing Support Services Back to the Office
A trend analysis of the benefits and challenges of bringing back administrative, word processing and billing services to law offices.
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.
Bit Parts
Summary Judgment Denied Defendant in Declaratory Action by Producer of To Kill a Mockingbird Broadway Play Seeking Amateur Theatrical Rights
Risks of “Baseball Arbitration” in Resolving Real Estate Disputes
“Baseball arbitration” refers to the process used in Major League Baseball in which if an eligible player's representative and the club ownership cannot reach a compensation agreement through negotiation, each party enters a final submission and during a formal hearing each side — player and management — presents its case and then the designated panel of arbitrators chooses one of the salary bids with no other result being allowed. This method has become increasingly popular even beyond the sport of baseball.
Disconnect Between In-House and Outside Counsel
'Disconnect Between In-House and Outside Counsel is a continuation of the discussion of client expectations and the disconnect that often occurs. And although the outside attorneys should be pursuing how inside-counsel actually think, inside counsel should make an effort to impart this information without waiting to be asked.