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PA Supreme Court Addresses Recovery of Costs and Fees Under Act 6

On June 19, 2018 by Schnader in Finance

By Stephen J. Shapiro Under a Pennsylvania statute commonly referred to as “Act 6,” a lender must give a residential borrower at least thirty days’ notice before it may commence foreclosure proceedings. If a lender violates Act 6 and the borrower brings and “prevails in an action arising under” Act […]

Category: Finance
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Pennsylvania Supreme Court Extends Reach of Unfair Trade Practices and Consumer Protection Law to Transactions Occurring Outside Pennsylvania and to Non-Pennsylvanians

On March 5, 2018 by Schnader in Finance

By Edward J. Sholinsky The Supreme Court greatly expanded the territorial reach of the Unfair Trade Practices and Consumer Protection Law recently, holding that the Law reaches the alleged acts of Pennsylvania-based companies outside the Commonwealth. Answering a certified question from the United States Court of Appeals for the Third […]

Category: Finance
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Non-Competes Must Be Supported By Consideration in Pennsylvania: No Exception Based On Employee’s Agreement To Be Legally Bound

On November 20, 2015 by Schnader in Labor and Employment

By Anne E. Kane The Pennsylvania Supreme Court has ruled that a non-compete entered after the onset of employment without additional consideration is not enforceable even if the employee expressly agreed “to be legally bound.” See Socko v Mid-Atlantic Systems of CPA, Inc. This decision, although not entirely unexpected, reinforces Pennsylvania’s long-standing […]

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Pennsylvania’s Superior Court creates a conflict with the Third Circuit by holding that UTPCPL claims are not subject to the economic loss doctrine

On December 11, 2013 by Schnader in Finance

By Stephen J. Shapiro The Pennsylvania Superior Court’s recent decision in Knight v. Springfield Hyundai is notable for two reasons.  First, addressing an issue of first impression, the Court held that disputes arising in connection with automobile installment sale contracts are not subject to arbitration unless the installment sale agreement itself […]

Category: Finance
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