A subsidiary of Sinclair Broadcast Group Inc., Diamond Sports Group, LLC (“Diamond”) (branded as Bally Sports) which operates 19 regional sports networks that televise MLB, NHL and NBA games is inching towards bankruptcy. On...more
On November 21, 2022, Governor Hochul signed the New York Collegiate Athletic Participation Compensation Act (the “NY NIL Law”) establishing New York as the 32nd state to allow student-athletes to generate compensation for...more
Even before Covid-19, electronic signatures (e-signatures for short) were revolutionizing the way agreements were being executed and stored. Covid-19 has not only accelerated this trend, but also highlighted the importance of...more
In an effort to flatten New York State’s infection and hospitalization rate due to the COVID-19 pandemic, Governor Cuomo signed an executive order in March 2020, mandating statewide lockdown measures. Those measures appear...more
A recent amendment to the Confession of Judgment law in New York State could have a significant effect on litigation and settlement strategies for creditors who do business with companies and/or individuals who are non-New...more
On August 30, 2019, Governor Cuomo signed Senate Bill No. 6395, amending Civil Practice Law and Rules ("CPLR") §3218 and eliminating filing in New York Confessions of Judgment ("COJ") against non-New York residents. The...more
On July 2, 2019, the United States Bankruptcy Court for the Southern District of Mississippi sent a clear message to secured lenders that their security interests on a contractor's account receivables, even if perfected, will...more
7/31/2019
/ Accounts Receivable ,
Chapter 11 ,
Commercial Bankruptcy ,
Construction Contracts ,
Construction Project ,
Creditors ,
Default ,
Equitable Subrogation ,
Lenders ,
Perfected Security Interest ,
Priority Disputes ,
Retainage ,
Secured Debt ,
State Contractors ,
Surety Bonds