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In the Marketplace
Arctic Cat Inc. of Minneapolis, MN, has entered into an agreement with GE Capital, Commercial Distribution Finance for it to become the exclusive provider of floorplan financing for Arctic Cat's U.S. dealers. The new multi-year financing program will replace Arctic Cat's current financing agreement with Textron Financial Corporation, which had previously announced its intent to exit the dealer floorplan business.
Michael Witt of West Des Moines, IA, has opened a law office focusing exclusively on equipment leasing and finance. Formerly managing counsel at Wells Fargo & Co. and Senior Vice President and General Counsel of Advanta Leasing Corp., Witt is licensed to practice law in Iowa, Pennsylvania and New Jersey and is able to provide document and general counseling services on a nationwide basis. His firm offers a variety of services, including, among others: conducting reviews or litigation audits on existing lease and loan document forms; drafting and updating document forms; negotiating and documenting individual transactions; negotiating and documenting vendor and other third-party programs; law and regulatory compliance audits and counseling; product development risk counseling.
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.
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?
Bit Parts
Summary Judgment Denied Defendant in Declaratory Action by Producer of To Kill a Mockingbird Broadway Play Seeking Amateur Theatrical Rights
Risks of “Baseball Arbitration” in Resolving Real Estate Disputes
“Baseball arbitration” refers to the process used in Major League Baseball in which if an eligible player's representative and the club ownership cannot reach a compensation agreement through negotiation, each party enters a final submission and during a formal hearing each side — player and management — presents its case and then the designated panel of arbitrators chooses one of the salary bids with no other result being allowed. This method has become increasingly popular even beyond the sport of baseball.
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.