News

The New AAA/ICDR Appellate Rules Need Careful Consideration

By EsqSocial Corporation 29/11/13

The American Arbitration Association and its related International Centre for Dispute Resolution announced on November 1, 2013 the adoption of new Optional Appellate Arbitration Rules. These new rules provide detailed procedures for obtaining review...

Freddie Mac Withdraws Fraud Training Requirement, Updates Various Selling Requirements

By EsqSocial Corporation 29/11/13

On November 15, Freddie Mac issued Bulletin 2013-23, which withdraws recently announced fraud training requirements and describes various changes to other requirements. Citing the need to assess industry feedback, Fannie Mae withdrew Bulletin...

TSX Staff Notice Guidance Impacts IPO Plans

By EsqSocial Corporation 29/11/13

On November 7, 2013, the Toronto Stock Exchange (“TSX”) issued a Staff Notice to Applicants, Listed Issuers, Securities Lawyers and Participating Organizations (“Staff Notice”) that provides guidance for companies considering a listing on the TSX....

Second Circuit Rules on False Name Exception Under FDCPA

By EsqSocial Corporation 29/11/13

In a split decision, the United States Court of Appeals for the Second Circuit ruled that a creditor can be held liable for sending letters using a law firm’s letterhead when plaintiffs alleged that the substance of the letters was created by the...

Senate Holds Hearings on Virtual Currency

By EsqSocial Corporation 29/11/13

In the wake of a recent hearing before the Senate Committee on Homeland Security and Governmental Affairs regarding the threats and promises of virtual currency, the value of Bitcoin soared above the $700 mark—a record high for the nascent financial...

FHFA OIG Recommends Changes To Fannie Mae Short Sale Oversight

By EsqSocial Corporation 29/11/13

On November 20, the FHFA Office of Inspector General (OIG) issued a report critical of Fannie Mae’s oversight of its short sale process and the servicers who participate in that process. The OIG determined—based on a review of 41 short sale...

Recording Of Mortgage Necessary For Qualified Residence Interest Deduction

By EsqSocial Corporation 29/11/13

Two individuals borrowed money from the mother of one of them. A mortgage was prepared to secure the debt, but it was not recorded in the public records....
By: Charles (Chuck) Rubin

Equity Partner Lacks Standing To Bring Whistleblower Claim Under CEPA, New Jersey District Court Holds

By EsqSocial Corporation 29/11/13

The protections of the New Jersey Conscientious Employee Protection Act (CEPA) do not extend to partners with significant control over their company. In Largie v. TCBA Watson Rice, LLP, 2013 WL 4487456 (D.N.J. Aug. 20, 2013) (unpub.), a New Jersey...

CRA’s New Pre-Rulings Consultations Service

By EsqSocial Corporation 29/11/13

On November 26th, 2013, the Canada Revenue Agency (“CRA”) participated in a Roundtable session at the 65th Annual Tax Conference of the Canadian Tax Foundation held in Toronto, Ontario. The panelists announced a one-year pilot project for Pre-Ruling...

Proposed Amendment To New Jersey Prevailing Wage Law Would Severely Punish Repeat Offenders

By EsqSocial Corporation 29/11/13

On October 14, 2013, the Senate introduced a bill (S3012) that would severely punish repeat violators of the prevailing wage law. Specifically, the bill would grant the commissioner authority to issue a stop-work order against any employer that...

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