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- Increased Value of Pledged Stock Not Interest
- U.S. District Court Holds that Purchase of Future Settlement Proceeds Violates Kansas Usury Law
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The information and materials on this blog are provided for general informational purposes only and are not intended to be legal advice. The law changes frequently and varies from jurisdiction to jurisdiction. Being general in nature, the information and materials provided may not apply to any specific factual and/or legal set of circumstances. No attorney-client relationship is formed nor should any such relationship be implied. Nothing on this blog is intended to substitute for the advice of an attorney, especially an attorney licensed in your jurisdiction. If you require legal advice, please consult with a competent attorney licensed to practice in your jurisdiction.
Monthly Archives: June 2017
Increased Value of Pledged Stock Not Interest
A lender provided a $600,000 loan to a borrower on the condition that the proceeds be used to purchase shares of a publicly traded company. The note provided for an interest rate of 10% and granted the lender warrants to … Continue reading
Posted in Criminal Usury, Federal Court, New York, Recharacterization, Statute of Limitations
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