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878 results found for "creditors rights"

  • Enforcement News: SEC Charges Broker with Scheme to Defraud Mostly Elderly Retail Brokerage Customers and Investment Advisory Clients

    knowledgeable and intelligent older people are often susceptible to deception and fraud.” ( Id. ) As readers might during the “surrender period” – the period after the annuity is purchased ( e.g. , typically six to eight In addition, Matthes allegedly convinced eight of his brokerage customers to withdraw money from their telling them that: the fixed investment had “no risk” and was “guaranteed never to lose money,” was “a bright approximately $2.17 million between October 2014 and March 2019, for personal expenses, including his credit

  • Court Finds No Basis for Triggering Mandatory Arbitration Under FINRA Rules

    unmistakable agreement of the parties to that effect), this would incur an unacceptable risk that parties might be compelled to surrender their right to court adjudication, without their having consented.” claim that LekUS improperly froze his account and deducted fees therefrom pursuant to a contractual right registration, LekUS deposited the stock in its account at Depository Trust & Clearing Corporation and credited Upon receiving the credit from LekUS, LekUK credited Elek’s account and the stock was reflected in his

  • Impossibility of Performance in the Time of COVID-19

    due in part to judicial recognition that the purpose of contract law is to allocate the risks that might commercial lease in which the tenant raised, inter alia , the defense of the “doctrine of impossibility” in light

  • Q: What Do Get When You Add a Failure to Plead Justifiable Reliance, Loss Causation and a Duty Independent of a Contract? A: Dismissal of a Fraud Claim

    Both agreements contained reconciliation provisions that required RAM to adjust its debits and credits from the account to meet the agreed upon percentage of monthly debits, while giving Plaintiffs the right

  • Court Finds that Allegedly Ousted Member of LLC Has Standing to Seek Dissolution

    Matter of Eight of Swords, LLC , 96 A.D. 3d 839, 840 (2d Dept. 2012). Goyal from the company, the Court noted that without an operating agreement, Keller had no statutory right Liability Company Law, however, state that “neither the LLC nor the other members have the statutory right The right to expel a member must be expressly set forth in the operating agreement.”

  • Statute of Limitations, The Continuing Wrong Doctrine and an Alleged Fraudulent Insurance Scheme

    Plaintiffs who do not pursue their rights within the limitation period will find the courthouse doors Connecticut, Vermont and New Jersey by requiring them to enter into unapproved agreements and letters of credit which they agreed to Arlington and CCIC reinsuring Liberty’s liabilities, and (2) provide letters of credit In November 2015, plaintiffs obtained “loss runs,” which suggested that the Liberty LOC might be used , plaintiffs alleged that they were informed “for the first time” that they neither held any equity/right

  • Typographical Errors, Grammatical Mistakes, and Other Obvious Errors Do Not Render a Contract Ambiguous, Says The New York Court of Appeals

    dismiss this claim pursuant to CPLR 3211 (a) (1) and (7) on the ground that the transaction occurred eight multiple unreferenced and material terms, based on nothing more than speculation as to what the parties might

  • Voiding a Contract on the Basis of Economic Duress

    on the ground of economic duress where the harm alleged by the plaintiffs is the exercise of a legal right Feehan, however, would be entitled to a credit for required reinvestments, the amount of which would The amount of the reinvestment credit was anticipated to be approximately $200,000. appeal, changed the purchase price from $4.2 million to $3.85 million and eliminated the reinvestment credit Feehan thereafter assigned her rights under the agreement and the amendment to defendants Cayuga Arnot

  • Fraudulent Concealment and the Failure to Allege a Duty to Disclose

    The Shareholders Agreement outlined the rights, responsibilities, and ownership interests between and This was so given the fact that Zyloware had the right to order Robert to undergo a medical examination undermined by the fact that Zyloware was “aware that a serious health issue present and the contractual right Significantly, noted the Court, “Zyloware did not exercise this contractual right to inquire until June That is true, and presumably that is why Zyloware contracted for the right to order a medical examination

  • Who is Considered a “Borrower” for Notice Purposes Under RPAPL 1304

    While one might think that the status of borrower is limited to the person executing the promissory note

  • Enforcement News: Don’t Get Spoofed Again

    text message that appears to come from a legitimate source, such as a friend or the recipient’s bank, credit For instance, victims might be directed to a website that appears to belong to their bank or credit card total monetary sanction of more than $15 million as part of that agreement, of which $400,000 will be credited

  • When Is A Waiver Of Arbitration A Waiver?

    Nonetheless, “ ike contract rights generally, a right to arbitration may be modified, waived or abandoned There is no bright-line rule or rigid formula “for identifying when a party has waived its right to arbitration Apr. 17, 2018) ( here ), in which it held that the plaintiffs had waived their right to arbitrate their by moving to compel arbitration after the filing of the motion to dismiss, Plaintiffs waived their right We find that plaintiffs waived their right, if any, to arbitration ( see Cusimano v Schnurr , 26 NY3d

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