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stimulus

How the Recent Stimulus Will Affect Furniture Retailers

One of the many measures used to counteract the effects of the COVID-19 pandemic has been direct economic stimulus payments to millions of Americans. While the amount received by each person or family depended on variables like income level and number of dependents, the vast majority of Americans received multiple payments during the pandemic.

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money_lenders

A “Black Swan Event”: New York Federal Court Rules that Lenders are Entitled to Keep $500 Million Mistakenly Paid by Citibank

Written by David Conaway, Attorney at Law, Shumaker, dconaway@shumaker.com We are closely following Revlon on behalf of several creditor interests. In the context of a series of complex re-financings and roll-up transactions by Revlon in May, 2020, human error caused a $500 million loss for Citibank. On February 16, 2021, in the case of In […]

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FMCA_Blog

Don’t Get Stuck in Chapter 11 When a Sales Contract is Deemed an Executory Contract

Written by David Conaway A Rose by Another Name has its Thorns: Don’t Get Stuck in Chapter 11 When a Sales Contract is Deemed an Executory Contract Companies sell goods or provide services to customers usually on two bases:(1) purchase orders and invoices with references to terms and conditions, or (2) a written sales or […]

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