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Click here to remove Verdict from subsequent Justia newsletter(s). | New on Verdict Legal Analysis and Commentary | Trump’s Lawyers Will Get Away with Facilitating His Anti-Democratic Antics and They Know It | AUSTIN SARAT | | Austin Sarat—Associate Provost and Associate Dean of the Faculty and William Nelson Cromwell Professor of Jurisprudence & Political Science at Amherst College—predicts that because the lawyer discipline process is broken, President Trump’s lawyers will get away with facilitating his anti-democratic misconduct. Professor Sarat notes that Lawyers Defending American Democracy (LDAD) released a letter calling on bar authorities to investigate and punish members of Trump’s post-election legal team, but he points out that while LDAD can shame those members, it still lacks the ability itself to discipline or disbar. | Read More |
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Banking Opinions | Thompson v. JPMorgan Chase Bank, N.A. | Court: US Court of Appeals for the First Circuit Docket: 18-1559 Opinion Date: December 9, 2020 Judge: Boudin Areas of Law: Banking, Real Estate & Property Law | The First Circuit affirmed the judgment of the district court granting JPMorgan Chase Bank's (Chase) motion to dismiss Mark and Beth Thompson's action for breach of contract and for violating the statutory power of sale Massachusetts affords mortgagees, holding that the foreclosure sale was not void. The Thompsons alleged that Chase failed to comply with the notice requirements in their mortgage before foreclosing on their property. The mortgage terms for which Massachusetts courts demand strict compliance include the provisions in paragraph 22 of the mortgage requiring and prescribing the pre-foreclosure default notice. The Thompsons argued that because paragraph 19 of the mortgage included conditions and time limitations on the Thompsons' post-acceleration reinstatement right, Chase failed to strictly comply with paragraph 22's notice requirement by failing to inform the Thompsons of those conditions and limitations. The district court dismissed the case for failure to state a claim. The First Circuit held that the paragraph 22 notice the Thompsons received was potentially deceptive and, therefore, the foreclosure sale was void. The Court then withdrew its decision and certified a question to the Massachusetts Supreme Judicial Court (SJC). Because the SJC held that the paragraph 22 notice could not have been misleading for omitting paragraph 19's deadline, the First Circuit affirmed the judgment of the district court. | | R&R International Consulting LLC v. Banco Do Brasil, S.A. | Court: US Court of Appeals for the Eleventh Circuit Docket: 19-12466 Opinion Date: December 4, 2020 Judge: William Holcombe Pryor, Jr. Areas of Law: Banking, International Law | After R&R filed suit seeking to redeem bonds issued by Banco do Brasil, the district court dismissed for lack of subject-matter jurisdiction and decided, in the alternative, that the bonds were no longer redeemable under Brazilian law. The Eleventh Circuit concluded that the district court had subject-matter jurisdiction under the commercial-activity exception to the Foreign Sovereign Immunities Act (FSIA), because the issuance of the colonization bonds was a commercial activity and the Bank's refusal to honor those bonds caused a direct effect in the United States. However, the court concluded that the complaint is barred by the statute of limitations under Brazilian law. In this case, the statute of limitations ran in 1997, 20 years after maturity, and thus when R&R tried to redeem the colonization bonds in 2018, they were no longer enforceable. Accordingly, the court vacated in part and affirmed in part. | |
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