New EEOC Enforcement Guidance on Pregnancy Discrimination And Related Issues
On July 14, 2014 the U.S. Equal Employment Opportunity Commission published a document entitled: “Enforcement Guidance: Pregnancy Discrimination and Related Issues.” Click for more....
Sixth Circuit Court of Appeals: Individual Chapter 11 Debtors Cannot Retain Pre-Petition Property Pursuant to a Nonconsensual Chapter 11 Plan if Creditors are not Paid in Full
In a recent decision, the United States Court of Appeals for the Sixth Circuit reversed a bankruptcy court decision from the United States District Court for the Eastern District of Tennessee which held that the absolute-priority rule, codified at 11 U.S.C. § 1129(b)(2)(B)(ii), did not apply in light of the 2005 amendments to the Bankruptcy Code (“BAPCPA”) Click for more...
Construction and Real Estate
On May 1, 2014, LNL attorney Brad Leach spoke at the 2014 Ohio State Bar Association Annual Convention on a range of construction and real-estate related topics, including an overview of the Home Construction Service Suppliers Act, new provisions required in building contracts for residential builders and subcontractors, and a review of express builder unfair practices.
City Of Columbus Creates Downtown Economic Reinvestment Area...
The Columbus Department of Development, Housing Division, is accepting application for tax abatements in the newly created Columbus Downtown Community Reinvestment Area. The City passed an ordinance on November 18, 2013, which encourages both commercial and residential construction over a broad area in downtown Columbus. Ordinance 2649-2013 (the Ordinance), created the Columbus Downtown Community Reinvestment Area or simply “Columbus Downtown CRA.” The Ordinance encourages the development of residential, commercial, and mixed-use properties in a geographic region in Downtown Columbus by providing 10, 12 and 15 year tax abatements on improvements within such defined region. The Columbus Downtown CRA consists of certain real estate within the boundaries of I-670 to the North, SR 315 and the railroad tracks in Franklinton to the West, I-71 to the East, and Fulton Street and Mound Street to the South. (click for more...).
Appellate Court Ruling In Favor Of Banking Industry
LNL attorneys Greg Melick and Brad Leach obtained an appellate court ruling in favor of the banking industry, enforcing a promissory note endorsed in blank, and preventing the borrower from challenging standing or a note assignment in Bank of New York Mellon v. Froimson, 8th Dist. Cuyahoga No. 99443, 2013-Ohio-5574. This significant legal decision will impact residential foreclosure cases across Ohio, as borrowers seek innovative ways to avoid payment and foreclosure by exploiting the complexities associated with mortgage loans (December 19, 2013) (see link).
LNL Shareholder Ken Richards recently spoke to a group of attorneys and credit managers on the topic of creditor issues available in bankruptcy at a seminar titled “Collections: Seeking and Collecting a Judgment,” sponsored by the National Business Institute.