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An online debt-settlement company settled CFPB allegations that the company steered consumers toward high-cost loans offered by
affiliated lenders and failed to disclose affiliations with
creditors.
In a Complaint filed in the U.S. District Court for
the Central District of California, the CFPB alleged that the
company told consumers it was not owned or operated by
any of the consumers creditors when, in fact, the company was
affiliated with two of the creditors: one through ownership, and
the other through loans and agreements. The CFPB also alleged that
A limited partner ("Investor") in a private equity fund ("Fund") will often enter into a letter agreement ("Side Letter") with the Fund that modifies the terms of the Fund's limited partnership.
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With 2019 seeing modest slowdowns in both M&A deal volumes
and deal values compared to 2018, industry participants entered
2020 cautiously optimistic about the potential for automotive
M&A deal growth. Although 2020 wasn t predicted to be a
breakout year for M&A deals, many saw autonomous and
electrification technologies driving industry activity as consumers
continued to warm to the thought of self-driving cars and the idea
of replacing gas stations with charging stations. In the
background, consolidation of suppliers and producers in the
internal combustion engine sector were likely to continue driving
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SEC Division of Corporation Finance Acting Chair John Coates and
SEC Acting Chief Accountant Paul Munter (the officials )
highlighted certain considerations in
accounting for warrants issued by Special Purpose Acquisition
Companies ( SPACs ). In a public statement, the SEC
Division of Corporation Finance and the Office of the Chief
Accountant staff ( staff ) reviewed the potential
accounting implications and the financial reporting
considerations that apply if a registrant and its auditors
determine there is an error in any previously-filed financial
statements. The staff determined that there were
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Mac Parent LLC v. North American Elite Insurance
Company, Index No. 906489/2020, Supreme Court, Albany
County
On March 29, 2021, Justice Richard J. Platkin, of the Albany
County Commercial Division, dismissed an insurance coverage dispute
pursuant to CPLR § 3211(a)(4) due to another action that was
pending in New York County, making clear that New York courts do
not tolerate forum-shopping in the face of clear forum selection
clauses.
Mac Parent LLC v. North American Elite
Insurance Company, 2021 NY Slip Op 50268(U) (Sup. Ct. Albany
Cnty 2021).
Plaintiff Mac Parent LLC ( Mac Parent ) filed its case