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In the Marketplace
Huntington Bancshares Inc. of Columbus, OH, has completed its acquisition of Michigan-based Macquarie Equipment Finance, Inc. ( MEF-US ) from its parent company, Sydney, Australia-based Macquarie Group Ltd . The acquisition is expected to be accretive to Huntington's earnings in 2015. Under the terms of the agreement, Huntington acquired approximately $900 million of assets and assumed approximately $630 million of debt, securitizations, and other liabilities.
CBank of Cincinnati, OH, and Commercial Industrial Finance (CI Finance) of St. Louis, MO, have announced a proposed agreement for CBank to acquire CI Finance, an equipment leasing and finance business. The acquisition is scheduled to be completed early this month, pending the bank board of directors' approval. The resulting entity will be a wholly owned subsidiary of CBank and operate as a CBank company. The business will continue to operate with the CI Finance name and the current management team.
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.
Judge Rules Shaquille O'Neal Will Face Securities Lawsuit for Promotion, Sale of NFTs
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 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?
Blockchain Domains: New Developments for Brand Owners
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.
Coverage Issues Stemming from Dry Cleaner Contamination Suits
In recent years, there has been a growing number of dry cleaners claiming to be "organic," "green," or "eco-friendly." While that may be true with respect to some, many dry cleaners continue to use a cleaning method involving the use of a solvent called perchloroethylene, commonly known as perc. And, there seems to be an increasing number of lawsuits stemming from environmental problems associated with historic dry cleaning operations utilizing this chemical.