Banking

Banking | Finance

Eric L. White | Dykema Gossett PLLC

The perennial question of whether to use a MAC clause in transaction agreements constitutes, at its heart, a problem of how to allocate a potential risk that could kill the project before it is even consummated. And each time this question arises, you go over the main risks and benefits of the...

Banking | Finance

Acritas

Banking | Finance

Michael Molder | Marcum LLP

In 2008, the U.S. economy, and in fact, the world economy, was on the edge of a precipice. Hastened in large measure by loose lending standards, subprime mortgages and declining residential real estate values, IndyMac, the largest savings and loan in the Los Angeles market and one of the largest...