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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 part of the transaction. On April [...]

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 the debtor has given as collateral [...]