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In the Marketplace
Fleet Advantage, a Fort Lauderdale, FL-based company focused on truck fleet business analytics, equipment financing and lifecycle cost management, recently performed an analysis showing the operating and financial benefits of a lease versus ownership structure for private truck fleet operators, as well as for-hire carriers. The analysis compares a seven-year ownership of one truck to a four-year ownership and a four-year lease of two consecutive trucks. It shows that while there is a slightly higher investment level in lease payments over the seven-year period, that investment is overshadowed by much larger financial losses on the four-year and seven-year ownership in areas such as fuel expenditures, maintenance and repair, tires, and financial losses resulting from disposal of the financed trucks. The study found that a four-year lease model would save approximately $27,893 per truck in comparison to the seven-year ownership model. The lease model even proves to be beneficial when compared with the four-year ownership model, showing savings of $12,710.
CIT has expanded its commercial aircraft lending business with the addition of a new Aviation Lending team providing aircraft-backed loans to the commercial aviation industry. Jennifer Villa Tennity rejoins CIT as president of the business. She reports to CIT's president of Commercial Finance, Jim Hudak, who assumed the aerospace lending vertical with the sale of the commercial air operating lease business. Villa Tennity is joined by Ryan Jasinski as director of originations and Matthew Hughey as vice president, both former CIT colleagues who specialize in aviation lending.
The DOJ's Corporate Enforcement Policy: One Year Later
The DOJ's Criminal Division issued three declinations since the issuance of the revised CEP a year ago. Review of these cases gives insight into DOJ's implementation of the new policy in practice.
The DOJ's New Parameters for Evaluating Corporate Compliance Programs
The parameters set forth in the DOJ's memorandum have implications not only for the government's evaluation of compliance programs in the context of criminal charging decisions, but also for how defense counsel structure their conference-room advocacy seeking declinations or lesser sanctions in both criminal and civil investigations.
Use of Deferred Prosecution Agreements In White Collar Investigations
This article discusses the practical and policy reasons for the use of DPAs and NPAs in white-collar criminal investigations, and considers the NDAA's new reporting provision and its relationship with other efforts to enhance transparency in DOJ decision-making.
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.
Compliance Officers: Recent Regulatory Guidance and Enforcement Actions and Mitigating the Risk of Personal Liability
This article explores legal developments over the past year that may impact compliance officer personal liability.