Apr. 24, 2010

TRIPP SCOTT’S STEPHANIE ALEXANDER AND BRADY COBB WIN GROUNDBREAKING APPEAL FOR THE LIFE INSURANCE SETTLEMENT ASSOCIATION

Appeal upholds May 2009 ruling

FORT LAUDERDALE, Fla., April 24, 2010 – Tripp Scott today announced that Stephanie Alexander, director, and Brady Cobb, associate, recently won an appeal in Florida on behalf of its client, Life Insurance Settlement Association (LISA).

The appeal upheld a ruling from May 2009 that found that Florida insurance regulators overstepped their authority in seeking transaction information from other states.  In that case, the Florida Office of Insurance Regulation had wanted to create a rule, 690-204.030, that would have required viatical insurance settlement providers to file voluminous and private financial and business information.  The rule was ultimately found an impermissible exercise of legislative authority and therefore invalid. 

About Tripp Scott

Since its inception in 1969, Tripp Scott has served the legal needs of established and growing businesses, as well as individual clients and their families. The multi-disciplinary firm represents a diverse mix of publicly traded corporations and privately held companies with operations in Florida and around the country. Tripp Scott provides legal and business counsel to clients in the areas of corporate, litigation, aviation, finance and tax, healthcare, real estate, bankruptcy, environmental and entrepreneurial business. For additional information, call (954) 525-7500 or visit the firm’s Web site at www.trippscott.com.

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Ignorance Is Not Bliss: Demystifying Executory Contracts in Bankruptcy Cases

An executory contract can create havoc for the unsuspecting counterparty. 

Most businesses are (reluctantly) required to deal with customers, suppliers and counterparties to agreements that enter bankruptcy proceedings, yet there is a great lack of knowledge as to how the concept of an executory contract can create havoc for the unsuspecting creditor/counterparty. Recent litigation in Delaware involving the sporting goods retailer Eastern Outfitters LLC (Eastern Mountain Sports and Bob’s Stores) points to some of the issues.

 

Evening of Wine & Cheese

A private reception
Tuesday, February 28, 2015
5:30 p.m. – 7:30 p.m. 
Timpano’s Italian Chophouse 

Lawyer Up: As Retail Bankruptcies Increase, Creditors Must Be Vigilant

Virtually no attention has been paid to what will soon be a big problem

While much has been written about the future of brick-and-mortar retailing as a result of the large number of retail bankruptcies during 2016 and even during the first weeks of 2017, virtually no attention has been paid to what will be a significant problem for creditors of those retailers that have sought bankruptcy court protection—even if some of the retail locations remain open.

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