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Claims Traders Beware: Another Bankruptcy Court Determines that Disallowance under Bankruptcy Code Section 502(d) Follows the Claim

insights Claims Traders Beware: Another Bankruptcy Court Determines that Disallowance under Bankruptcy Code Section 502(d) Follows the Claim Douglas J. Schneller · Claims Traders Beware: Another Bankruptcy Court Determines that Disallowance under Bankruptcy Code Section 502(d) Follows the Claim John J. Hanley · Claims Traders Beware: Another Bankruptcy Court Determines that Disallowance under Bankruptcy Code Section 502(d) Follows the Claim Patrick Maschio · April 30, 2020

On April 22, 2020, Bankruptcy Judge Sean H. Lane of the United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”) issued an important opinion[1] regarding claim disallowance under Section 502(d) of the United States Bankruptcy Code (“Section 502(d)”).[2] In brief, the Bankruptcy Court, like other courts including the Third Circuit Court of…

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LIBOR Fallbacks- Alternative Reference Rates

insights LIBOR Fallbacks- Alternative Reference Rates Patrick Maschio · LIBOR Fallbacks- Alternative Reference Rates Yaacov P. Silberman · LIBOR Fallbacks- Alternative Reference Rates Lisa-Marie Monsanto · LIBOR Fallbacks- Alternative Reference Rates Suzanne L’Hernault · LIBOR Fallbacks- Alternative Reference Rates Emma R. Larson · LIBOR Fallbacks- Alternative Reference Rates Fred Chang · LIBOR Fallbacks- Alternative Reference Rates Douglas J. Schneller · May 20, 2019

LIBOR Fallbacks: What’s Next After LIBOR? At the end of 2021, the London Interbank Offered Rate (“LIBOR”) may cease as a reference interest rate.[1] For years LIBOR has served as the leading baseline reference interest rate for loans and other financial instruments such as floating rate notes. In order to minimize or avoid loan market…

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Visa & Mastercard Interchange Fees Merchant Class Action Update

insights Visa & Mastercard Interchange Fees Merchant Class Action Update Douglas J. Schneller · Visa & Mastercard Interchange Fees Merchant Class Action Update John J. Hanley · Visa & Mastercard Interchange Fees Merchant Class Action Update Patrick Maschio · April 24, 2019

In recent years merchants, regulators, banks and financial institutions, consumers and other parties have been keenly focused on “interchange fees” charged to merchants by issuers of credit or debit cards for any transaction in which the card is used for a purchase. Interchange fees typically consist of a percentage fee, based on the volume of…

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