On Monday, October 27, 2014, SilvermanAcampora partner Rob Ansell lectured at the New York State Bar Association’s Continuing Legal Education course entitled “New York State Court New Rules: Effects on Consumer Debt Collection.”
The topic of this course was the new rules adopted by the Office of Court Administration, which became effective October 1, 2014, intended to prevent the entry of unwarranted default judgments in the more than 100,000 credit card collection cases filed annually in New York State. The new rules are designed to ensure a fair legal process in consumer debt litigation, and address numerous abuses such as (i) judgments based upon insufficient or incorrect factual proof or hearsay, (ii) judgments granted after the Statute of Limitations has expired, and (iii) judgments obtained on improper or “sewer service.”
Rob’s co-speaker, Antonio E. Galvao, is Deputy Counsel in the Office of Court Administration, and was primarily responsible for drafting the new rules. To learn more about this course, please visit the New York State Bar Association’s website here.
This is the second installment of SilvermanAcampora’s “fictional” client story. Although the following story is fictional, it is representative of real client experiences at SilvermanAcampora.
When a friend referred the client to SilvermanAcampora LLP, the client was a bit skeptical. After all, the client’s company was a well-established Fortune 500 business with multiple locations and employees. The client had used many of the New York City mega-firms over the years but just couldn’t connect with their “one size fits all” mentality. The client’s company needed to acquire a smaller, regional competitor in order to solidify its market share.
A partner from the Firm’s Business Law Group conducted the initial meeting. A straightforward acquisition certainly wasn’t a challenge. During the meeting, however, the client shared with the partner that the company’s management was experiencing some instability and growing pressure from a few activist stockholders. Those facts complicated the otherwise simple acquisition. If ever the client needed solid business advice during a critical time, it was now.
Within minutes, a partner from the Litigation Group and a partner from the Corporate Restructuring Group joined the meeting to share their expertise on the client’s issues. Eventually, the client and the partners reached a plan that enabled the client to exercise the control that was necessary to conclude the acquisition (which included a large real estate component handled by the Real Estate Group) and manage the activist stockholders.