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The Second Circuit's decision in Call Center Technologies, Inc. v. Grand Adventures Tour & Travel Publishing Corp. to vacate the District Court for the District of Connecticut’s grant of summary judgment on a successor liability claim is a reminder that “friendly” foreclosure sales may not always shield the purchaser from successor liability. The court held that, in light of the similarities between the purchaser and the debtor,... Read More
In what will be the first amendments to Article 9 of the Uniform Commercial Code since the adoption of Revised Article 9 in 2001, the National Conference of Commissioners on Uniform State Laws met and approved changes to several provisions of Article 9. While these amendments remain subject to revisions by the Committee on Style of the National Conference of Commissioners on Uniform State Laws, it is expected that the substance of the revisions will remain unchanged... Read More
