The idea that private equity backers are to blame for the demise of well-known retailers like Toys R Us, Payless and Claire's is overblown, experts say, and the reality is that the companies fell into bankruptcy because they failed to adapt their business models to combat disruptive and Continue Reading
Robert Mintz quoted in “NJ Wiretap Ruling Opens Discovery Door, But Cautiously,” which appeared in Law360
Without a Cat, Mice Feel Free: The ‘Death’ of Kaspersky Lab
Alex Major is extensively quoted in an article that discusses Kaspersky Lab Inc.’s lawsuit to fight its disbarment as a U.S. government contractor.The government’s move against Kaspersky reflects the embracing of isolationism and ‘‘lazy legislating,’’ Major said.‘‘There could have been a way to Continue Reading
Wilmington Trust Wary of Loan Rechecks, Ex-Manager Says
A former Wilmington Trust Corp. manager testifying under a plea agreement told a Delaware jury Monday that a supervisor suggested in mid-2009 that the bank should stop updating commercial property appraisals tied to troubled loans despite growing outside attention. Under questioning from Continue Reading
McCarter & English Promotes 8 to Partnership in 5 Offices, 7 Practice Groups
Eight McCarter & English attorneys, resident in five of the firm’s offices and seven of its practice groups, have been elevated to partnership. Attorneys from the Boston, Hartford, Newark, New York City, and Wilmington offices have become partners. The new partners practice in intellectual Continue Reading
McCarter lawyers author Amicus brief on behalf of the New Jersey State Bar Association on the statute of limitations in legal malpractice cases
On behalf of the New Jersey State Bar Association McCarter lawyers David Kott, William Reilly and Christopher Rojao co-authored a New Jersey Appellate Division Amicus Curiae brief on choice of law on the statute of limitations in a legal malpractice case. The issue is of importance to NJ licensed Continue Reading
Del. Bank Paid Loan Interest to Prop up Past-Due Clients
Wilmington Trust Co. routinely extended new debt to some commercial borrowers so they could keep up monthly interest payments on matured loans as the Delaware-based bank struggled with a mounting and eventually ruinous past-due account burden, a former manager testified Thursday. Barbara Marley, Continue Reading
Wilmington Trust Execs Want Different ‘Past Due’ Rules Used
Criminal trial battling over the meaning of "past due" picked up again Tuesday in the federal trial of four Delaware-based Wilmington Trust executives accused of keeping timed-out debts off bank financial reports, with defense attorneys seeking court approval to invoke a more-permissive standard. Continue Reading
Wilmington Trust Execs Say Fed Never Flagged Loan Reports
An attorney for a former top Wilmington Trust Corp. executive noted Tuesday that Federal Reserve examiners never flagged seemingly "significant disparities" in Delaware bank loan reports in early 2009, despite later moves to charge the bank and four top officials for allegedly hiding past-due Continue Reading
McCarter & English Receives CIANJ’s Outreach Award
McCarter & English was honored by the New Jersey Commerce & Industry Association’s receiving the Companies that Care Outreach Award at their annual dinner, March 20, 2018. Our firm was recognized for the work we did for children including our work with Kids in Need of Defense. This included Continue Reading