Our Blog

Keep Yourself In-the-Know

TOXIC DEBT STOCK REPAYMENTS TO LENDERS MAY BE THE NEXT TIME BOMB UNDER BANKRUPTCY AVOIDANCE LAWS

Mark R. Basile, Esq.

Apr 7, 20234 min read

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

Should Default Interest be Included in a New York Criminal Usury Analysis

Mark R. Basile, Esq.

Jan 31, 20236 min read

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

Should the NY Attorney General Expand its Investigation to Convertible Note Lenders - Usury Laws.

Mark R. Basile, Esq.

Dec 14, 20226 min read

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...

Florida Courts Should Apply New York’s Adar Bays Analysis to Determine Usury

Agapija Cruz, Esq.

Nov 1, 202212 min read

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,...

Derivative Liability and Its Implications for Shareholders: Can Directors and Officers Be Personally

Christopher M. Basile, Esq. and Reed Baker, Esq.

Oct 17, 20224 min read

Derivative Liability and Its Implications for Shareholders: Can Directors and Officers Be Personally

A shareholder derivative lawsuit is an action brought on behalf of a company by a shareholder or group of shareholders that seeks to hold...

Social Media FUD (Fear, Uncertainty and Doubt) and its Impact on OTC Company Stocks

Mark R. Basile, Esq.

Jun 23, 20224 min read

Social Media FUD (Fear, Uncertainty and Doubt) and its Impact on OTC Company Stocks

Our firm has been provided with reports from a company that specializes in market surveillance of social media postings affecting OTC...

Why a CEO MUST Consult an Attorney Prior to Amending a “Choice of Law” Provision in a Contract

Eric J. Benzenberg, Esq.

Mar 29, 20224 min read

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’...

How RICO and the Adar Bays Decision Can Help Microcaps Recover Losses Caused by Toxic Lending

Marjorie M. Santelli Esq. and Christopher M. Basile, Esq.

Feb 27, 20228 min read

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...

How Toxic Lenders are Responding to SEC Investigations and Enforcement Actions

Christopher M. Basile, Esq.

Nov 15, 20214 min read

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...

New York's Highest Court Rules Convertible Notes Subject to Criminal Usury Laws

Mark R. Basile, Esq.

Oct 22, 20216 min read

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...

OTC Market Issuers May Recoup Hundreds of Millions from SEC Actions against Toxic Lenders.

Mark R. Basile, Esq.

Sep 4, 20204 min read

OTC Market Issuers May Recoup Hundreds of Millions from SEC Actions against Toxic Lenders.

Many CEO’s and investors in small public companies trading on the OTC Markets are closely following the SEC lawsuits instituted against...

Transfer Agents and a new Standard for Rule 144 Opinion Letters

The Basile Law Firm P.C.

Jun 9, 20206 min read

Transfer Agents and a new Standard for Rule 144 Opinion Letters

Transfer agents require convertible note holders to supply a legal opinion letter from a securities attorney explaining the legal basis...

Microcap Terrorism - A Warning to OTC CEO's

Mark R. Basile, Esq.

Nov 13, 20196 min read

Microcap Terrorism - A Warning to OTC CEO's

There are many forms of terrorism in this world playing out right before us and we are all somewhat familiar with the political form, but...

The Basile Law Firm P.C.

Nov 13, 20199 min read

Is A Convertible Note a Security?

Convertible Note Stock may NOT be eligible for Resale after 6 months but may also be subject to state Usury Laws. The deadly toxic...

THE FRIDAY THE 13TH CONVERTIBLE NOTE MASSACRE

The Basile Law Firm P.C.

Apr 18, 20186 min read

THE FRIDAY THE 13TH CONVERTIBLE NOTE MASSACRE

HEY CONVERTIBLE NOTE HOLDERS – LET’S MAKE A DEAL! Turns out that Friday the 13th is also unlucky for toxic convertible note-holders! I...

Our Blog

Keep Yourself In-the-Know

Email: Mark@thebasilelawfirm.com Main Telephone: 516-455-1500

Email: Mark@thebasilelawfirm.com
Main Telephone: 516-455-1500