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Category: Finance

Schnader Wins Notable Victory in Cy Pres Litigation

On April 25, 2019 by Schnader in Finance

On April 16, 2019, the Philadelphia Orphans’ Court awarded $1.2 million in cy pres funds to the Philadelphia Chinatown Development Corporation (PCDC). Schnader represented PCDC in this matter, which involved the distribution of funds remaining from the dissolution of the former Chinatown Building and Education Foundation (CBEF). CBEF’s main asset […]

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Third Circuit: A business whose reason for existence is obtaining payment on debts is a debt collector under the FDCPA

On March 13, 2019 by Schnader in Finance

Stephen J. Shapiro published a client alert, “Third Circuit: A business whose reason for existence is obtaining payment on debts is a debt collector under the FDCPA.” The alert concludes that debt buyers would be well-advised to assume that they will be subject to the provisions of the FDCPA, at […]

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October 10 is the Date: Be Prepared for Changes to the Pa Contractor and Subcontractor Payment Act

On October 8, 2018 by Schnader in Client Alerts

Alexandra Zeiger published a client alert, “October 10 is the Date: Be Prepared for Changes to the Pa Contractor and Subcontractor Payment Act.” “The Pennsylvania General Assembly recently revised and Governor Tom Wolf signed into law important changes to the Contractor and Subcontractor Payment Act (CASPA), which affect construction contracts […]

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Third Circuit: Warning Debtor that Discharge of Debt May Be Reported to IRS Can Violate the FDCPA

On September 25, 2018 by Schnader in Finance

By Stephen J. Shapiro The Fair Debt Collection Practices Act (FDCPA) prohibits debt collectors from using “any false, deceptive, or misleading representation or means in connection with the collection of any debt.” In Schultz v. Midland Credit Management, Inc., the Third Circuit held that language debt collectors occasionally include in form dunning […]

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