By: Marty B. Ellis On June 1, 2015, in two consolidated cases (Bank of America, N. A. v. Caulkett and Bank of America, N. A. v. Toledo-Cardona), the Supreme Court of the United States ruled that in a bankruptcy liquidation Chapter 7 proceeding, the debtor cannot void a second mortgage when the value of the

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Shumaker Williams, P.C. Securities Law Practice Group By Jane G. Davis Companies, including bank holding companies, looking to raise capital through the sale of securities, must either register the securities with the Securities and Exchange Commission (the “SEC”) or rely on an exemption from registration.  In some instances, the securities laws of the states in

Use of Criminal Background Checks in the Hiring Process: What New EEOC Guidelines Mean for Pennsylvania Employers Michael E. Rowan General Counsel, Pennsylvania Restaurant & Lodging Association A criminal background is a common, and often useful, component of the hiring process for many employers in the hospitality industry.  However, in light of recent pronouncements by

By Jane G. Davis Shumaker Williams, P.C. The Jumpstart Our Business Startups Act (the “JOBS Act”) enacted in April 2012 provides for a new method of raising capital without requiring registration of the offering with the Securities and Exchange Commission (the “SEC”).  The securities offered will also be exempt from state registration requirements and, in

by Jane G. Davis The Securities and Exchange Commission (“SEC”) has enacted new rules that will impact companies that do not file reports with the SEC as well as those that do. The sale of securities by a company requires that those securities be registered with the SEC and/or the state where the securities are

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