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In the Marketplace
Beth Stern Fleming has left the Philadelphia office of Stevens & Lee to form her own firm, Beth Stern Fleming, LLC. The new firm will concentrate on real estate; business; contracts; equipment leasing; creditors' rights, workouts and bankruptcy; education law, disability law; and dispute resolution. The office is located in suburban Philadelphia and will handle matters in the Philadelphia area, New Jersey, Delaware and New York. A member of this newsletter's Board of Editors, Ms. Stern Fleming may now be reached at [email protected].
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Prime Trailer Leasing of Denver has purchased OnRamp Trailer Services from CR England. As part of the acquisition, the company is dropping the word “Leasing” from its name and will be known simply as Prime Trailer.
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U.S. Bank of Minneapolis has named Anthony Cracchiolo president and CEO of U.S. Bank Equipment Finance. Cracchiolo will lead and oversee all operations of U.S. Bank Equipment Finance, which is composed of nine business units delivering products and services through both direct and vendor channels. The direct businesses now under his leadership include capital equipment, small business, technology finance, government leasing and finance. He will report to Sal Maglietta, executive vice president, U.S. Bank Specialized Finance. Cracchiolo joined U.S. Bank Equipment Finance in 2007 and has been leading the organization's businesses in the vendor channel since 2011.
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Scott Finlinson has joined South Jordan, UT-based Onset Financial, Inc. as its corporate counsel. Finlinson was formerly a shareholder with the Salt Lake City law firm Ray Quinney and Nebeker. Founded in 2008, Onset Financial is an equipment leasing and financing company specializing in providing a full range of funding options.
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The Equipment Leasing and Finance Association (ELFA) has awarded Michael Tobak, senior vice president and general counsel at GE Healthcare Financial Services, the Edward A. Groobert Award for Legal Excellence. The award recogizes Tobak's contributions to the equipment leasing and finance industry, and the association's Legal Committee.
Fountain Partners of San Francisco announced it has provided a total of $13 million in equipment lease lines of credit to DigitalOcean, a cloud provider. The lease lines are expanding DigitalOcean's data centers worldwide, including new centers in Amsterdam and Singapore, as well as their first center in London, opening this summer. DigitalOcean currently has more than 200,000 users, six data centers, and plans for additional centers in cities. The company has raised equity capital from IA Ventures and Andreessen Horowitz.
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Beth Stern Fleming has left the Philadelphia office of
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Prime Trailer Leasing of Denver has purchased OnRamp Trailer Services from CR England. As part of the acquisition, the company is dropping the word “Leasing” from its name and will be known simply as Prime Trailer.
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Scott Finlinson has joined South Jordan, UT-based Onset Financial, Inc. as its corporate counsel. Finlinson was formerly a shareholder with the Salt Lake City law firm
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The Equipment Leasing and Finance Association (ELFA) has awarded Michael Tobak, senior vice president and general counsel at
Fountain Partners of San Francisco announced it has provided a total of $13 million in equipment lease lines of credit to DigitalOcean, a cloud provider. The lease lines are expanding DigitalOcean's data centers worldwide, including new centers in Amsterdam and Singapore, as well as their first center in London, opening this summer. DigitalOcean currently has more than 200,000 users, six data centers, and plans for additional centers in cities. The company has raised equity capital from IA Ventures and Andreessen Horowitz.
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Major Differences In UK, U.S. Copyright Laws
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
The Article 8 Opt In
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
Strategy vs. Tactics: Two Sides of a Difficult Coin
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
Legal Possession: What Does It Mean?
Possession of real property is a matter of physical fact. Having the right or legal entitlement to possession is not "possession," possession is "the fact of having or holding property in one's power." That power means having physical dominion and control over the property.
The Stranger to the Deed Rule
In 1987, a unanimous Court of Appeals reaffirmed the vitality of the "stranger to the deed" rule, which holds that if a grantor executes a deed to a grantee purporting to create an easement in a third party, the easement is invalid. Daniello v. Wagner, decided by the Second Department on November 29th, makes it clear that not all grantors (or their lawyers) have received the Court of Appeals' message, suggesting that the rule needs re-examination.