Bank Boards and Corporate Officers Review your Policies and Procedures: Business Judgment Rule Protections May Be Loosening

​A recent decision from the Fourth Circuit, Federal Deposit Insurance Corporation v. Rippy, No. 14-2078 (4th Cir. Aug. 18, 2015), may signal a weakening of the business judgment rule’s long-standing protections for corporate officers.  The case surr ...[Read more]

Published: 9/2/2015 | 0  Comments | 0  Links to this post

Sweet Potatoes Not So Sweet After All - Growers Not Exempt from PACA

​On August 18, 2015, the United States Court of Appeals for the Fourth Circuit affirmed decisions from the United States District Court and the United States Bankruptcy Court for the Eastern District of North Carolina dismissing Perishable Agricultu ...[Read more]

Published: 8/18/2015 | 0  Comments | 0  Links to this post

When a Driver’s License Is More Than a Bad Picture: Is Your UCC Financing Statement Still Effective?

​​UCC Financing Statements Must Contain the Debtor’s Correct Name “[A] financing statement is sufficient only if it [among other things] . . . provides the name of the debtor. “ N.C. Gen. Stat. § 25-9-502(a)(1) (emphasis added). Prior to July 1, 20 ...[Read more]

Published: 8/12/2015 | 0  Comments | 0  Links to this post