Insights

Choate Ranks Highly in 2023 Legal 500

The 2023 edition of The Legal 500 recognized 29 Choate attorneys in their respective fields and 12 practice areas, with education and middle-market M&A receiving Tier 1 rankings.

B. Riley Agrees to $70M Loan to Cryptocurrency Miner Core Scientific

Choate represented B. Riley in connection with a $70M debtor-in-possession (DIP) loan to Core Scientific, Inc., and several of its subsidiaries.

Sean Monahan Moderating Panel on the Current State of Stadium Finance

Sean Monahan will moderate the panel, "A Rebirth for Stadium & Arena Finance" on November 10, 2022 during a live webinar hosted by Proximo Intelligence.

Federal Appeals Court Rules Citibank Entitled to Recover $500m Erroneous Payment

In the wake of a Federal Appeals Court decision sure to be welcomed by the banking industry, Citibank will be allowed to recover hundreds of millions of dollars that it mistakenly paid out to a group of hedge funds.

Choate Attorneys and Practice Groups Receive High Rankings in the 2022 Legal 500

The Legal 500 2022 recognized 31 Choate attorneys in their respective fields and 14 practice areas, with education and middle-market M&A receiving Tier 1 rankings.

Bankruptcy Court Decision is a Reminder that Lender Liability Still Exists

Successful claims for “lender liability” have been vanishingly rare in recent years. At the very end of 2021, however, the Bankruptcy Court for the Northern District of Texas, in a case named Bailey Tool & Mfg. Co., et al. v. Republic Bus. Credit (In re Bailey Tool & Mfg. Co.), Adv. No. 16-03025-SGJ (Bankr. N.D. Tex. December 23, 2021), found a lender liable for damages in excess of $17 million after multiple years of litigation and a lengthy trial.

Choate Ranks Highly in The Legal 500 2021 Guide

The Legal 500 2021 recognized 31 Choate attorneys in their respective fields and 11 practice areas, with education and middle-market M&A receiving Tier 1 rankings.

Truist Bank Provides Credit Facility to Teradyne

Choate represented Truist Bank as administrative agent and a lender in connection with a revolving credit facility to Teradyne, which designs, develops, manufactures and sells automatic test systems used to test semiconductors, wireless products, data storage and complex electronics systems in the consumer electronics, wireless, automotive, industrial, computing, communications, and aerospace and defense industries.

Lenders: Four Ways to Protect Your Business from Coronavirus

While the CDC’s current position is that COVID-19 is far more dangerous for people with underlying health conditions and the elderly, it does pose a strong threat to the stability of the global economic climate.