Law.com Subscribers SAVE 30%

Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.

In The Marketplace

By ALM Staff | Law Journal Newsletters |

Hitachi Capital America Corp. of Norwalk, CT has promoted William H. Besgen to president and chief operating officer. He succeeds Yuichiro “Ron” Shimada, formerly president and CEO, who retains the position of CEO. Besgen joined Hitachi in April 1990 as executive vice president and chief operating officer. His career began at Citicorp where he worked for 21 years as a vice president, having a number of senior management responsibilities, primarily in its various equipment finance/leasing businesses. Hitachi Capital America is a subsidiary of Hitachi Capital Corporation of Tokyo and Hitachi's independent U.S. finance company.

CIT Group Inc. of Livingston, NJ has announced that its Board of Directors has elected Jeffrey M. Peek as the company's president and chief executive officer. Peek had previously served as CIT's president and chief operating officer. Albert R. Gamper, Jr., who had served as chief executive officer since 1987, will remain as chairman until his retirement on Dec. 31, 2004. Peek joined CIT and its Board in September 2003, as part of a succession plan aligned with Gamper's desire to transition CIT's leadership and executive responsibilities. Prior to joining CIT, Peek was vice chairman of Credit Suisse First Boston LLC and held a number of executive positions at Merrill Lynch.

Read These Next
Bankruptcy Sales: Finding a Diamond In the Rough Image

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 Image

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 Image

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 Image

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 Image

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.