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In The Marketplace
GMAC Commercial Finance of Southfield, MI has announced that Richard Newman recently joined the company's Equipment Finance Division as vice president of the Capital Funding Group's project finance team, in Houston, TX. Newman, previously with Compass Bank, will now be responsible for managing the division's midstream efforts. Midstream is a term describing energy infrastructure assets such as pipelines, port facilities and small refineries as well as oil and gas gathering equipment.
Stevens & Lee of Philadelphia and Salomon Green & Ostrow of New York have jointly announced merger of their practices effective Jan. 1, 2005. Seven former Salomon Green & Ostrow lawyers, including Chester Salomon, David Green, Alec Ostrow, Nicholas Kajon, Walter Benzija, Jocelyn Keynes and Constantine Pourakis, and two paralegals and related staff, will join Stevens & Lee and will remain in the combined firm's New York City office at Salomon Green's former 485 Madison Avenue location. Salomon Green, a notable bankruptcy boutique firm, has made a reputation representing parties in reorganization and liquidation, trustees, examiners, creditors' committees, landlords, equipment lessors, litigants and asset purchasers in bankruptcy proceedings in the Southern and Eastern Districts of New York and throughout the country. Stevens & Lee is a full service firm with offices in Princeton and Cherry Hill, NJ; Philadelphia, Valley Forge, Reading, Lancaster, Harrisburg, the Lehigh Valley, Scranton and Wilkes-Barre, PA; Wilmington, DE; and now, New York City.
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.