TOXIC DEBT STOCK REPAYMENTS TO LENDERS MAY BE THE NEXT TIME BOMB UNDER BANKRUPTCY AVOIDANCE LAWS
Lenders Forced Stock Conversions may be attacked in Bankruptcy as a Fraudulent Conveyance
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Gustave Passanante, Esq.
- Mar 20
- 3 min
Navigating Business Disputes and Litigation: Strategies for Managing Risk
Business disputes can arise for a variety of reasons, ranging from breach of contract to disputes with shareholders, employees,...
45
Mark R. Basile, Esq.
- Feb 9
- 3 min
Merchant Cash Advance Industry in New York – Not so Fast!
Merchant Funders, companies that purport to purchase future accounts receivables from small underfunded private and public companies, and...
403
Mark R. Basile, Esq.
- Jan 31
- 6 min
Should Default Interest be Included in a New York Criminal Usury Analysis
Default Interest and Criminal Usury - Should New York recognize default interest rate and charges on loans for usury purposes
87
Mark R. Basile, Esq.
- Dec 14, 2022
- 6 min
Should the NY Attorney General Expand its Investigation to Convertible Note Lenders - Usury Laws.
Our law firm is known for taking the position that fixed discount convertible notes used to finance small underfunded public companies...
93
Agapija Cruz, Esq.
- Nov 1, 2022
- 12 min
Florida Courts Should Apply New York’s Adar Bays Analysis to Determine Usury
Usurious loans have been the scourge of finance since early times. Despite being condemned as wrong and sinful for over 4000 years,...
222
Gustave Passanante, Esq.
- Mar 29, 2022
- 4 min
Why a CEO MUST Consult an Attorney Prior to Amending a “Choice of Law” Provision in a Contract
Most laws in our country don’t tend to differ much between states. In fact, it’s probably accurate to say that a majority of states’...
213
Marjorie M. Santelli Esq. and Christopher M. Basile, Esq.
- Feb 27, 2022
- 8 min
How RICO and the Adar Bays Decision Can Help Microcaps Recover Losses Caused by Toxic Lending
On October 14, 2021, the New York Court of Appeals issued its decision in Adar Bays. The Adar Bays decision put a major dent in the...
1,385
Eric J. Benzenberg, Esq.
- Feb 18, 2022
- 3 min
Toxic Lender's Stall Tactics Fail in Minnesota State Court
After commencing litigation against DarkPulse, Inc. in a Minnesota State Court, convertible note purveyor Carebourn Capital, L.P. has...
818
Gustave Passanante, Esq.
- Nov 22, 2021
- 5 min
Counterfeit Shares & Market Manipulation on the OTC Markets
There has been an abundance of discussion regarding “counterfeit shares” flooding the OTC markets amongst retail investors for quite some...
2,182
Catherine Gretschel, Esq.
- Nov 15, 2021
- 4 min
How Toxic Lenders are Responding to SEC Investigations and Enforcement Actions
As many of you already know, and for those CEOs of small public companies that do not know, the United States Securities and Exchange...
1,841
Mark R. Basile, Esq.
- Oct 22, 2021
- 6 min
New York's Highest Court Rules Convertible Notes Subject to Criminal Usury Laws
The Basile Law Firm P.C. has been steadfast in representing our OTC Markets issuer clients in both federal and state courts around the...
2,329
Joey Chancis
- Feb 14, 2021
- 5 min
From One OTC Markets CEO to all of the Others - Toxic Convertible Debt Will Ruin your Company
It was the hardest lesson I have ever learned. It cost me everything. The Business, my personal investment, my reputation and most of all...
374
