Yes, Sarbanes-Oxley Applies to Private Companies
By: Robert F. Mechur, Esq. Since its enactment in 2002, the Sarbanes-Oxley Act (“SOX”) has been widely perceived to regulate only publicly held companies. That perception is not, and has never been, correct. There are some provisions of SOX that expressly apply to privately held companies. In addition, lenders, investors and potential business partners consider […]
Commercial Workout – Option A for a Distressed Business
By: Devin Lawton Palmer, Esq. As one might expect, our firm has recently witnessed more and more beleaguered businesses waiting in the lobby for consultation on their mounting debt and cash flow shortage. Unfortunately, only the lucky few have been offered the ear of Congress for multi-million dollar bailouts. For the rest, the current financial […]
Transferring Structured Settlement Rights – Case Law Update
By David K. Hou, Esq.[i] This article provides an update on recent cases regarding the transfer of structured settlement payment rights in New York.[ii] Because the majority of cases in which such petitions are approved go unreported, whereas many petitions which are not approved are reported, a consideration of recent reported cases provides useful guidance […]
