Timothy Raub
Feeder Funds to Pay Nearly $500M to Madoff Liquidation Trustee

NEW YORK — (Mealey’s) Two feeder funds of Bernard L. Madoff Investment Securities LLC (BLMIS) will pay nearly $500 million to settle all claims associated with their role in Madoff’s massive Ponzi scheme, according to court documents...

Alexander Davie
Venture Capital Term Sheet Negotiation — Part 16: Closing Conditions and Expenses

In the prior fifteen posts, we provided an introduction to negotiation of the term sheet and discussed binding and non-binding provisions and discussed valuation, cap tables, and the price per share , dividends on preferred stock , liquidation preferences...

Jordan D. Maglich
Judge Denies Charging Lien on Ponzi Victim Distributions

A federal judge has issued an order denying an attempt by lawyers for certain victims of the $600 million ZeekRewards Ponzi scheme to place a "charging lien" against hundreds of thousands of dollars in interim distributions due to those victims...

Mona Shah & Yi Song
How Will US-China Relations Affect EB-5 Investment? – From APEC to Visa Extension

Asia-Pacific Economic Cooperation or APEC has been the talk of the town. Established in 1998, APEC is a premier forum to facilitate the economic growth, cooperation, trade and investment in the Asia-Pacific region. The world’s two biggest economies...

Troutman Sanders
CFPB Supervision Report Targets Illegal Debt Collection Practices

by Brendan H. Connors and David N. Anthony On October 28, the Consumer Financial Protection Bureau issued the latest edition of its “ Supervisory Highlights ” report, covering illegalities it discovered in the debt collection, student loan...

Troutman Sanders
Supreme Court Skeptical of Lender’s Interpretation of TILA Rescission Statute

by S. Mohsin Reza and John C. Lynch Last week, the U.S. Supreme Court heard argument in an appeal from the U.S. Court of Appeals for the Eighth Circuit that involves an interpretation of a provision under the Truth-in-Lending Act that has caused a...