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In the Marketplace
Chrysler Financial of Farmington Hills, MI has announced that it will cease leasing in Rhode Island beginning Aug. 1, 2005, if the current vicarious liability legislation passed by the state legislature 2 years ago lapses without being renewed by June 30, 2005. The company noted that if the current law lapses, Rhode Island will be left with an unlimited vicarious liability law that holds the “owner” of a motor vehicle responsible for personal injury and property damage caused by the driver of a leased vehicle, regardless of any fault or responsibility of the leasing company. With leasing, the finance company holds the title to the vehicle and therefore has significant exposure under the unlimited vicarious liability statutes. In 2004, Chrysler Financial ceased leasing in New York due to the state's unlimited vicarious liability law.
Applied Financial of Midvale, UT has named James L. Christensen as president of the company. He previously worked with the company since its inception as general counsel. The company also announced a new $25 million operating line with Wells Fargo Bank, which will give Applied Financial enhanced direct lending capabilities, as well as a significantly lower cost of funds. Dave DiCesaris, who formerly carried the title of president and CEO, will continue to function as CEO, focusing his efforts on new growth strategies and initiatives.
The DOJ's Corporate Enforcement Policy: One Year Later
The DOJ's Criminal Division issued three declinations since the issuance of the revised CEP a year ago. Review of these cases gives insight into DOJ's implementation of the new policy in practice.
Use of Deferred Prosecution Agreements In White Collar Investigations
This article discusses the practical and policy reasons for the use of DPAs and NPAs in white-collar criminal investigations, and considers the NDAA's new reporting provision and its relationship with other efforts to enhance transparency in DOJ decision-making.
How AI Has Affected PR
When we consider how the use of AI affects legal PR and communications, we have to look at it as an industrywide global phenomenon. A recent online conference provided an overview of the latest AI trends in public relations, and specifically, the impact of AI on communications. Here are some of the key points and takeaways from several of the speakers, who provided current best practices, tips, concerns and case studies.
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.