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In the Marketplace
Hertz Equipment Rental Co. of Park Ridge, NJ, has acquired Arpielle Equipment Co., Inc., a New York based rental company, which is focused on rentals to the construction and industrial markets. The metropolitan NYC equipment rental market exceeds $1.3 billion, and it is anticipated that Arpielle will generate incremental revenues of approximately $25 million in year one. Hertz Equipment Rental Corporation is a wholly owned subsidiary of The Hertz Corporation.
Gibraltar Business Capital LLC of Northbrook, IL, a provider of asset-based loans and factoring solutions for small- and medium-sized businesses, has acquired Greenfield Commercial Credit LLC, a provider of working capital financing solutions and asset-based loans in the Midwest. Gibraltar will now have resources in Chicago, New York, Houston, Los Angeles, Detroit and Atlanta focused on providing asset-based loans and factoring solutions to borrowers seeking financing of $100,000 to $5 million. Greenfield is headquartered in Bloomfield Hills, MI.
Law Firms are Reducing Redundant Real Estate by Bringing Support Services Back to the Office
A trend analysis of the benefits and challenges of bringing back administrative, word processing and billing services to law offices.
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.
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.
Disconnect Between In-House and Outside Counsel
'Disconnect Between In-House and Outside Counsel is a continuation of the discussion of client expectations and the disconnect that often occurs. And although the outside attorneys should be pursuing how inside-counsel actually think, inside counsel should make an effort to impart this information without waiting to be asked.