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In The Marketplace
Bank of the West of San Francisco has announced the promotion of Jerry Newell to executive vice president. Newell is the head of the $28 billion asset bank's Equipment Leasing Department, which serves businesses via the bank's nearly 300 branches and through brokers and vendors across the country. Newell started with the bank in 1987 and has been with the Equipment Leasing Department for more than 9 years. Under his management, the department has grown from $30 million in lease assets in 1994 to $650 million as of Sept. 30, 2003. Newell oversees three equipment leasing business lines at Bank of the West: indirect leasing nationwide, direct leasing within the bank's Western states footprint, and nationwide vendor leasing through subsidiary Trinity Capital Corporation. Prior to this promotion, Newell was senior vice president, a position he held since 1998.
DVI Inc. of Jamison, PA has announced that it has reached a preliminary agreement to transfer to a unit of U.S. Bancorp the right to collect payments on DVI leases. DVI Financial Services, the leasing subsidiary of the bankrupt health care finance company, has agreed to transfer the rights to US Bank Portfolio Services, pending approval of the U.S. Bankruptcy Court in Delaware. DVI filed for bankruptcy protection in late August after “apparent improprieties” in its financial dealings prevented it from securing new financing. DVI is attempting to pay back lenders by liquidating assets piecemeal. In late October, it announced the sale of 133.7 million euros of assets to ING Lease Holding NV, a unit of the ING Group.
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.
New York's Latest Cybersecurity Commitment
On Aug. 9, 2023, Gov. Kathy Hochul introduced New York's inaugural comprehensive cybersecurity strategy. In sum, the plan aims to update government networks, bolster county-level digital defenses, and regulate critical infrastructure.
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.