Archive for October, 2008

Oct 2008 29

Reduce Your Costs and Get Out of the Garnishment Business

CSC’s Garnishment Processing Service can significantly reduce your costs and get you out of the garnishment business.
Problem: Fortune 500 companies and others are seeing substantial increases in garnishment volumes in today’s economic climate. Increased paper traffic, rapid turn-around of responses for compliance, and AP obligations are all costly to staff, especially in a time of …

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Posted in: Garnishments

Oct 2008 02

Be Sure to Search All Relevant UCC Debtor Names!

The starting point for conducting a UCC search is to identify the correct name of the debtor. A financing statement is sufficient under Article 9 only if it provides the correct name of the debtor or if a search of the correct name would disclose the record. Under these rules it would appear that a …

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Posted in: Uniform Commercial Code UCC

02

Recent Corporate and Alternative Entity Decisions from the Delaware Courts

In re TD Banknorth Shareholders Litigation, C.A. No. 2557-VCL, Lamb, V.C. (Del. Ch. July 29, 2008).
The Court granted the plaintiffs’ motion for certification as class representatives in a class action brought by former investors who claim that the defendants improperly initiated a transaction in violation of a stockholders agreement. The Court reasoned …

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Posted in: Delaware Law