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In The Marketplace
Caterpillar Financial Services Corporation of Nashville has announced the retirement of Executive Vice President Jim English, a 16-year Caterpillar veteran. In his capacity as executive vice president, he was the chief architect of CFSC's largest reorganization initiative to date. This effort culminated in the consolidation of U.S. regional offices and various headquarters departments into a centralized Customer Business Center.
In conjunction with English's retirement, the company has made the following appointments:
- Kent Adams will replace English as executive vice president for North American operations with responsibility for Caterpillar Financial Services Limited in Canada, the Customer Business Center, FCC and U.S. regional offices.
- Paulette Jackson has been named executive vice president with responsibility for information technology, human resources and several major projects.
- Ed Scott has been named executive vice president and chief financial officer with responsibility for accounting, business excellence, risk management, marketing and treasury.
- Ed Goodrich will replace Scott as vice president of diversified services with responsibility for global accounts, Latin America and the marine division.
Performance Logistics Group, Inc. of Wayne, MI, and Penske Truck Leasing Co., L.P. of Reading, PA have agreed to the terms of a transaction whereby PLG will acquire 100% of the stock of LAC Holding Corp., the holding company for Penske's interest in the Leaseway Auto Carrier group. As a result of the transaction, Penske will receive a significant minority interest in PLG, the parent of Performance Transportation Services, Inc. who, with its subsidiaries E. and L. Transport Company LLC, Hadley Auto Transport and Transportation Releasing, LLC, operates a nationwide automobile transportation business. E. and L. operates primarily in the north central United States, while Hadley operates primarily in the western United States. LAC provides finished vehicle transportation services for original equipment manufacturers in the United States, Canada and Puerto Rico.
The Article 8 Opt In
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
Beach Boys Songs Written Decades Ago Triggered Current Quarrel With Lawyers
There's current litigation in the ongoing Beach Boys litigation saga. A lawsuit filed in 2019 against Nevada residents Mike Love and his wife Jacquelyne in the U.S. District Court for the District of Nevada that alleges inaccurate payment by the Loves under the retainer agreement and seeks $84.5 million in damages.
Major Differences In UK, U.S. Copyright Laws
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
Strategy vs. Tactics: Two Sides of a Difficult Coin
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
Transfer Tax Implications on Real Property Leases
The real property transfer tax does not apply to all leases, and understanding the tax rules of the applicable jurisdiction can allow parties to plan ahead to avoid unnecessary tax liability.