Archive for January, 2010

Di Santo LLP Partner Named to List of “Italian Americans to Watch in 2010″

Thursday, January 28th, 2010

Ignatius Grande was recently named as an Italian American to Watch in 2010 by www.i-Italy.us.   Ignatius has been very involved with the Italian American community since his college years when he founded the Yale College Italian Society.   He is currently a member of the National Italian American Foundation, the Columbian Lawyers Association, and the Order of Sons of Italy in America.   Ignatius is fluent in Italian and represents Italian companies in their U.S. litigation and regulatory matters.

U.S. Treasury Speeds Up Short Sale Approval Process

Wednesday, January 27th, 2010

In order to speed up the process of negotiating with lenders on properties “underwater”, the US Treasury has imposed 10-day limit on lenders to approve or deny “short sales” of real estate.  Program must be implemented by lenders no later than April 2010.  Additionally, Treasury is offering financial incentives to lenders, servicers and investors as well as relocation credits to borrowers.  However, an aggregate  cap of $3000 in short sale proceeds to subordinate lienholders has created contention among industry insiders. 

http://www.sun-sentinel.com/business/os-short-sale-guidelines-20100112,0,3833374.story

FINRA Arbitration Rates Rise

Tuesday, January 26th, 2010

In 2009, the number of arbitration cases filed with FINRA soared to 7,137 cases, up from 4,982 cases in 2008.  The most common claim alleged by plaintiffs was breach of fiduciary duty.  While cases involving mutual funds and common stock were the most common, there was also a large increase in the number of cases filed regarding variable annuities. 

http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20100122/FREE/100129956

Obama “Hope” Poster Case—Counsel for Artist Withdrew from Case After Artist Admitted Fabrication of Documents and Deletion of Electronic Files in Litigation.

Tuesday, January 26th, 2010

In what has been a closely watched intellectual property case where the famed artist, Shepard Fairey sought a declaratory judgment that his “Hope” and “Progress” posters did not violate Associated Press’ copyright in a photograph taken by an AP staffer, the case took an interesting turn when artist’s counsel withdrew from the case after artist publicly announced that he deleted electronic files and created false documents.

http://cyberlaw.stanford.edu/case/fairey-v-associated-press

USPTO announces “Green Technology Pilot Program”

Monday, January 25th, 2010

The United States Patent and Trademark Office (“the USPTO”) has announed a “Green Technology Pilot Program,” which provides a new procedure that enables applicants to request accelerated review of previously-filed new patent applications related to green technologies.

http://www.uspto.gov/news/pr/2009/09_33.jsp

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