Connecticut Superior Court (Jennings, JTR) found that it appeared that parties to a transaction utilized a consulting fee in addition to interest as a way to circumvent the 12 percent statutory interest cap. Elliott v. Bradley CV10-6006695S
Absolute Priority Rule (Reprint)
On May 3, 1999 the United States Supreme Court issued its decision in Bank of America National Trust and Savings Association v. 203 North Lasalle Street Partnership. While expressly reserving judgment on whether the New Value Exception still exists, the…
Employers May Be Liable for Employee Cell Phone Use (Reprint)
While driving to a restaurant on a Saturday night, the driver dropped his cellular phone, bent down to retrieve it, ran a red light, and killed a motorcycle rider. However, the main target of the ensuing wrongful death action was…