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Deutsche Bank’s Subsidiary Pleads Guilty

More news on big banks…. The DOJ entered into a settlement agreement with Deutsche Bank subsidiary – check out the press release here The headline is: “DEUTSCHE BANK’S LONDON SUBSIDIARY AGREES TO PLEAD GUILTY IN CONNECTION WITH LONG-RUNNING MANIPULATION OF LIBOR” Yeah, that is pretty bad news… According to the Press Release: “Deutsche Bank enteredContinue reading “Deutsche Bank’s Subsidiary Pleads Guilty”

Update on Michigan Intrastate Equity Crowdfunding (MILE Act)

A quick update on Michigan’s MILE Act – Intrastate Equity Crowdfunding…. I have written about previously that the State of Michigan has been slow to propose and implement rules to provide guidance on the practical application of Intrastate Crowdfunding. Today, Michigan’s Department of Licensing and Regulatory Affairs (LARA) issued a posting on its website: “LARA OffersContinue reading “Update on Michigan Intrastate Equity Crowdfunding (MILE Act)”

Michigan Business Update for Social Entrepreneurs and Business Owners

Happy Monday, all! A quick update – I recently posted on social entrepreneurship and crowdfunding in Michigan. Check that post here. By way of update, Today, the Michigan Economic Development Corporation (MEDC) posted a press release about a crowdfunding campaign launched by a Ypsilanti non-profit – “Cultivate Coffee and Tap House.” As I’ve mentioned in aContinue reading “Michigan Business Update for Social Entrepreneurs and Business Owners”

Robin Williams’ Estate: Dispute between Widow and Children.

The ABAJournal reported a story today: Who gets items from Robin Williams estate? Court has to decide between his widow and his children you can check that story out here From all appearance, it looks like Robin Williams went through his attorney and put together a well thought out estate plan for the benefit ofContinue reading “Robin Williams’ Estate: Dispute between Widow and Children.”

What’s Going on With Banks? Part II: Comptroller on Currency and Community-Based Banks

In my March 11th Post on “What’s Going on With Banks” I made an observation: such worldwide bad press on big banks might lead to increased lending at community based banks. No sooner than I hit “publish” on my post did I receive several more news headlines regarding big bank lawsuits. I get regular “Enforcement Actions”Continue reading “What’s Going on With Banks? Part II: Comptroller on Currency and Community-Based Banks”

Michigan Real estate law update: House Passes “Notice to Evict by E-mail” Bill

Happy March Madness Friday! Yesterday House Bill 4038 allowing eviction notices to be sent to residential tenants by e-mail passed the Michigan House. Now on to the Senate. You can check out the latest Legislative Analysis here The Passed Bill looks a bit more complicated (as anticipated) than the original bill that was proposed backContinue reading “Michigan Real estate law update: House Passes “Notice to Evict by E-mail” Bill”

Michigan AG is cracking down on Fraudulent Businesses, Unlicensed Real Estate Professionals

Ag Cracks Down on Bad Michigan Businesses. I just received this press release today from the Michigan Attorney Generals Office announcing the Investigation of 10 Michigan Businesses related to faulty Anti-Freeze Distribution. You can check out the Ex-Parte Petition filed in Court here The Court granted the AG’s request for subpoenas in an order signedContinue reading “Michigan AG is cracking down on Fraudulent Businesses, Unlicensed Real Estate Professionals”

Banks, Lawsuits, and Settlements: What’s going on with Banks?

This week I noticed several headlines that amount to bad news for big banks. I will give you my honest gut-reaction when first reading these headlines: 1. CommerceWest Bank Admits Bank Secrecy Act Violation and Reaches $4.9 Million Settlement with Justice Department (see Link) Violating the Bank Secrecy Act? Really? That just sounds bad… CommerceWest BankContinue reading “Banks, Lawsuits, and Settlements: What’s going on with Banks?”