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Shackelford, Melton & McKinley, LLP of Dallas has announced that David G. Mayer has joined the firm's aviation practice as a partner. Formerly a partner at Patton Boggs LLP, Mayer will focus on aviation equipment purchases, sales, financing and leasing transactions, and structuring. In addition to his business aircraft practice, Mayer also represents individuals and companies in matters involving energy assets (including shale and wind energy equipment), vendor financing programs, technology, health care and other medical assets, manufacturing equipment, trucks, trailers, and off- and on-road transportation assets such as forklifts and construction (“yellow iron”) equipment. Mayer is a member of this newsletter's Board of Editors.
Colford Capital, a NY-based holding company, has acquired substantially all the assets of Equilease Financial Services, Inc. Equilease is based in Norwalk, CT and is an originator of equipment leases and loans, as well as purchases and services equipment lease and loan portfolios from banks and other specialty finance companies. Colford has created a new subsidiary, North Mill Equipment Finance LLC, expressly for the purpose of acquiring Equilease, and has made a substantial equity investment into North Mill EF, which it will use to originate new small-ticket leases through vendors, dealers and brokers, and to purchase additional lease portfolios under the new North Mill EF brand name. Gary Silverhardt, president, CEO and owner of Equilease, will become president and CEO of North Mill EF and also a minority shareholder. The Equilease team will join North Mill EF and continue at its current location.
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.
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 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 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.
This article reviews the fundamental underpinnings of the concept of insurable interest, and certain recent cases that have grappled with the scope of insurable interest and have articulated a more meaningful application of the concept to claims under first-party property policies.