On June 1, 2023, the U.S. District Court for the Southern District of New York held, after a bench trial, that various loans that included a floating-price conversion option were not criminally usurious under New York law....more
On April 29, 2022, the U.S. Bankruptcy Court for the District of New Jersey avoided a debtor’s $2 million loan obligation and returned $592,875.03 in repayments on that loan—with pre- and post-judgment interest—to the...more