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In The Marketplace
De Lage Landen Financial Services of Wayne, PA has announced that Steven R. Riggs has joined the company as vice president and general manager of its Financial Institutions Strategic Business Unit. He will be responsible for overall general management of the Financial Institutions SBU, including operations, originations, marketing and new business development. The business unit is the primary provider of small business leasing services to the U.S. banking industry. Prior to joining De Lage Landen, Riggs served as vice president, national accounts for the express Financial Solutions Division of GE Capital.
El Camino Resources (ECR) of Woodland Hills, CA has announced the completion of its corporate realignment and is rebuilding its leasing business, as well as expanding its high technology services in the United States. Once the largest independent leasing company in the world, ECR was forced to reduce the scope of its business and activities in late 2000. This reduction was imposed by its lead bank, following a roll up of several of ECR's banking relationships into the lead bank and the Federal Reserve tightening during calendar year 2000. El Camino has since successfully settled all of its obligations and has emerged in Mexico and the United States with leasing and technology services business units. In Mexico, the company went through a 12-month period of reduced activity, but is now a leader in independent leasing, having forged relationships with a number of leading banks in Mexico, and negotiated a $20-million line for leasing. In calendar year 2003, the Mexican operation achieved bookings for its own account of more than $20 million in new leased assets. This year, the company has extended its reach with new partnering programs and expects to book in excess of $50 million in new lease receivables.
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.