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IN THE MARKETPLACE
The Federal Deposit Insurance Corporation has announced that it is selling the remaining $4.2 million performing lease portfolio of Southern Pacific Bank. The leases were originated by Southern Pacific BanCapital, a division of Southern Pacific Bank, which was closed by the California Commissioner of Financial Institutions on February 7, 2003. The portfolio consists of 18 performing middle market leases in two pools: One of lease loans secured by the leased equipment subject to the leases with the lessee; the second consists of direct finance leases. A third non-performing pool comprised of one workout agreement and one defaulted lease in bankruptcy with a combined book value of $4.1 million will also be offered. For more information, visit http://www.fdic.gov/.
Nassau Asset Management of Rosyln Heights, NY, has released a newly enhanced asset tracking system. NASTRAC is a Web-based program that keeps users informed about the status of repossessions, bids, and sales of equipment placements in real time. This newly refined online asset-tracking system, accessed with a password at Nassau's Web site, already has some 2,100 accounts, serving such commercial lenders as banks, leasing companies, credit unions and bankruptcy trustees. For more information, visit http://www.nasset.com/.
CIT Rail Resources of New York announced that following a growing demand from existing and prospective customers, it has placed orders with four manufacturers for 3,050 new railcars, including tank, cement, box, autoflood, coal gons and pressure differential (PD) cars. CIT expects to take delivery of the new equipment over the next 12 months. The new orders will bring CIT's 2002 new car order total to 5200. This is CIT's second order for cement cars in recent months, in response to rising construction activity in the U.S. and Canada, and the fourth order for PDs.
Yachts, Jets, Horses & Hooch: Specialized Commercial Leasing Models
Defining commercial real estate asset class is essentially a property explaining how it identifies — not necessarily what its original intention was or what others think it ought to be. This article discusses, from a general issue-spot and contextual analysis perspective, how lawyers ought to think about specialized leasing formats and the regulatory backdrops that may inform what the documentation needs to contain for compliance purposes.
Hyperlinked Documents: The Latest e-Discovery Challenge
As courts and discovery experts debate whether hyperlinked content should be treated the same as traditional attachments, legal practitioners are grappling with the technical and legal complexities of collecting, analyzing and reviewing these documents in real-world cases.
Identifying Your Practice's Differentiator
How to Convey Your Merits In a Way That Earns Trust, Clients and Distinctions Just as no two individuals have the exact same face, no two lawyers practice in their respective fields or serve clients in the exact same way. Think of this as a "Unique Value Proposition." Internal consideration about what you uniquely bring to your clients, colleagues, firm and industry can provide untold benefits for your law practice.
Risks and Ad Fraud Protection In Digital Advertising
The ever-evolving digital marketing landscape, coupled with the industry-wide adoption of programmatic advertising, poses a significant threat to the effectiveness and integrity of digital advertising campaigns. This article explores various risks to digital advertising from pixel stuffing and ad stacking to domain spoofing and bots. It will also explore what should be done to ensure ad fraud protection and improve effectiveness.
Turning Business Development Plans Into Reality
This article offers practical insights and best practices to navigate the path from roadmap to rainmaking, ensuring your business development efforts are not just sporadic bursts of activity, but an integrated part of your daily success.