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In the Marketplace
AP Equipment Financing of Walnut Creek, CA, has named Nick Gibbens senior vice president of vendor finance. His primary objective in this new role is the establishment of vendor finance relationships and programs in newly targeted industry verticals. Gibbens previously held management positions at Bank of the West, Trinity Capital Corporation and United States Leasing Corporation.
The Greenbrier Companies, Inc. of Lake Oswego, OR, and Tokyo-based Mitsubishi UFJ Lease & Finance Company Limited (MUL) are substantially expanding the parties' existing commercial relationship in North America. Pursuant to a Memorandum of Understanding, MUL will grow its portfolio from 5,000 railcars to a total of 25,000 railcars over the next four years. The parties' agreement includes a multi-year purchase commitment by MUL for 6,000 newly manufactured railcars from Greenbrier through 2020. Further, MUL has committed to obtain all its newly manufactured railcars exclusively from Greenbrier through 2023. In addition, MUL will supplement its portfolio growth through a combination of lease syndications and used equipment owned and originated by Greenbrier. The combined value of the transaction exceeds $1 billion and follows a successful 2014 railcar lease syndication and asset management partnership between the parties.
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.