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

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,...

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...

Toxic Lender's Stall Tactics Fail in Minnesota State Court

Eric J. Benzenberg, Esq.

Feb 18, 20223 min read

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...

OTC Markets Death Spiral Funders Days may be Numbered

Mark R. Basile, Esq.

Jan 20, 20216 min read

OTC Markets Death Spiral Funders Days may be Numbered

For the last several years, toxic convertible note funders have had their way with small, under-funded OTC Markets publicly trading...

Is There an Alternative to Litigation for a Microcap?

The Basile Law Firm P.C.

Jan 19, 20212 min read

Is There an Alternative to Litigation for a Microcap?

Why an Alternative to Litigation is better for Lenders and Funders: Over the past couple of years, I have seen more and more microcap...

The New Type of Convertible Note Transaction on the OTC Markets – a Dirty Trick?

Mark R. Basile, Esq.

Sep 28, 20204 min read

The New Type of Convertible Note Transaction on the OTC Markets – a Dirty Trick?

Professor Basile covers a new lending instrument by Toxic Lenders on the OTC Markets

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...

SEC Finally going after Toxic Convertible Note Debt Lenders

The Basile Law Firm P.C.

Apr 19, 20203 min read

SEC Finally going after Toxic Convertible Note Debt Lenders

The OTC Market is plagued with thousands of small public companies taking thousands of small loans in the form of convertible debt. If an...

Microcap Transfer Agents: Friend or Foe?

Mark R. Basile, Esq.

Nov 13, 20194 min read

Microcap Transfer Agents: Friend or Foe?

I was prompted to write this article based on some disturbing information I had found out about a fairly well known and active transfer...

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Keep Yourself In-the-Know

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

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