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Lenders will pay fees in NY

By Matt Volke
POSTED: October 25, 2010
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A new state law allows those in foreclosure on their homes to have lenders pay their legal fees in some cases, a move some attorneys say will level the playing field. Gov. David A. Paterson last week signed The Access to Justice in Lending Act …

Securities: Alliance Industries, Inc. v. Longyear Holding, Inc. (access required)

By Daily Record Staff
POSTED: August 27, 2010
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U.S. District Court, Western District of New York Securities Stockholders’ Suit — Legal Fees Alliance Industries, Inc. v. Longyear Holding, Inc. 08-CV-490 Judge Scott Background: This is a diversity stockholders’ suit arising from the purchase of stock in a corporation to acquire its subsidiary and subsequent disposition of funds in an escrow account created as [...]

Chapter 11: In Re Successor Borrower Services LLC (access required)

By Daily Record Staff
POSTED: March 24, 2010
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U.S. Bankruptcy Court, Western District of New York Chapter 11 Collateral — Legal Fees In Re Successor Borrower Services LLC 09-13505 Judge Bucki Background: In a Chapter 11 case, the trustee objected to the terms of a retainer agreement between the debtor and its counsel. The central issue involves the propriety of a security interest [...]