Sound Counsel. Smart Business.
For Lenders who maintain perfected security interests in collateral and their counsel, the Second Circuit’s recent decision In Re Motors Liquidation Company, et al. will go down in history as a middle of the night sweat inducing source of anxiety. The characters and documents involved are common players in the financial industry: JP Morgan Chase Bank, …
SHRMA 2015 Legislative Report CLICK HERE TO VIEW THE REPORT Oregon’s 78th Legislative Assembly convened on February 2, 2015. There are a significant number of employment related bills proposed for the 2015 session, including hotly contested topics such as statewide paid sick leave, new protected leaves, and incremental increases to Oregon’s minimum wage. With expanded …
by Randall Sutton, Employment Law & Litigation Practice Group At some time during your working life, you may have dated, or even married, someone you met at work. If you haven’t, then the odds are that you know someone who has. A recent survey estimated that 80 percent of all employees have either observed or been …
By Randall Sutton, Saalfeld Griggs PC As financial services employers are well aware, the legalization of marijuana for recreational use poses new challenges for banks wishing to maintain a drug free workplace. If the experiences of Colorado and Washington are any indication, Oregon is likely to see a significant increase in the number of employees …
The Washington Supreme Court’s recent decision in Washington Federal vs. Harvey confirmed what was believed true: guarantors of commercial loans may be liable for a deficiency after non-judicial foreclosure of a trust deed. Lenders are often faced with Collateral Shortfalls in a default situation. This is especially true when the value of collateral after non-judicial foreclosure creates …
Proposed CFPB Rule Changes: Clarifications, Additional Requirements, and where Small Loan Servicers Fit The Consumer Finance Protection Bureau (“the Bureau”) has proposed new regulations to clarify a number of issues that the Bureau felt remain unresolved under existing rules. The new rules are voluminous and address loss mitigation, small servicer definitions, and service transfer deadlines. You …
Last week, a draft bill requiring employers to provide paid sick leave to Oregon employees was introduced in the House Business and Labor Committee. The draft bill is available for review here. The bill as drafted would require most Oregon employers to provide one hour of paid sick leave for every 30 hours worked, up …
Beware of annual meeting minutes scams. If you responded to a solicitation entitled “2014 – Annual Minutes Form” you may be entitled to a refund. Recently, a Florida company named “Annual Business Services” was soliciting Oregon businesses with the promise to prepare corporate minutes for a fee of $125. The solicitation looked as though it …
by Randall Sutton – Employment Law & Litigation Practice Group Chalk up a wage and hour win for employers in a U.S. Supreme Court case decided today. The issue was whether employees who are required to wait in line at a security checkpoint before leaving work should be paid for the time they spend standing around. The Court …
Financial Services clients are in for a surprise if they read In Re Watt from the US Bankruptcy Court for the District of Oregon stating that, without consent, banks own property surrendered in bankruptcy. The court wrote that USC 1322(b)(9) does not restrict a court from vesting real property in a bank’s name even if the …