Banking & Finance News

Arkansas Banks and Marijuana

2019-04-15

By Robert T. Smith
Published by Arkansas Business

With the rollout of medical marijuana in full swing for Arkansas-based cultivators, dispensaries and patients, businesses vying to provide them with products and services remain in an uncertain position. Arkansas-based banks face a particularly difficult situation in serving marijuana-related businesses (MRBs).

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Firm to Host Tax Seminar in NWA Nov. 13

2018-09-27

Friday, Eldredge & Clark, LLP will host its Tax Update Seminar in Rogers on Tuesday, Nov. 13 from 8 a.m. to 4:45 p.m. This one-day comprehensive program highlights the most important and up-to-date information on tax law. 

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Tax Update Seminar Planned in LR for Nov. 6

2018-09-26

Friday, Eldredge & Clark, LLP will host its annual Tax Update Seminar in Little Rock on Tuesday, Nov. 6  from 8 a.m. to 4:45 p.m. at the UA Little Rock Bowen School of Law. This one-day comprehensive program highlights the most important and up-to-date information on tax law. 

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Friday Eldredge & Clark Welcomes Four New Attorneys

2018-09-04

Friday Eldredge & Clark, LLP is pleased to welcome four new associates. Lindsey H. Emerson, Sarah Giammo and Caitlin Kennedy join the firm’s headquarters in Little Rock and Andrew Lawson is the newest member of the firm’s office in Rogers. All of the newly hired associates have previously worked as law clerks at the firm.

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Restoration of the Protecting Tenants at Foreclosure Act of 2009

2018-06-20

By: Kael K. Bowling

On June 23, 2018, the Protecting Tenants at Foreclosure Act (PTFA) will go back into effect to offer protection for tenants when their rented property goes into foreclosure.  

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Creating Liquidity for Shareholders of Community Banks and Other Privately-Held Companies

2018-06-19

By: Robert T. Smith

A recent Wall Street Journal article noted that there were more than 7,400 companies listed on U.S. stock exchanges in 1996 around the beginning of the dot-com fueled bull market. That number has been cut in half through the first quarter of 2018. The reasons for this are numerous, including increased compliance costs and the liberalization of securities laws allowing companies more flexibility to raise capital without public registration. With the reduced number of public company investment options, holdings in private companies have inevitably become a larger share of the investment portfolio of many Americans.  

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Regulatory Reform – Is it a Reality in 2018?

2018-04-02

By Robert Smith

On March 15, 2018, the U.S. Senate took a major step in changing the landscape of financial regulation by passage of the Economic Growth Regulatory Relief and Consumer Protection Act, with a strong bipartisan vote of 67-31. Senate Bill 2155 represents the first significant revision to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. 

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In Respect to Loan Agreements, Bill Preserves the Right to Waive a Jury Trial

2018-04-02

By Jason Bramlett

The old saying of “your wish is my command” is often employed when one party’s wish for something to happen becomes another’s command to action to make it happen. Before we get to the significance of that phrase, however, a little background is needed.  In the January 22, 2018 issue of the Northwest Arkansas Business Journal, I wrote about a recent decision from the Arkansas Supreme Court that rendered unconstitutional a contractual provision waiving a party’s right to a jury trial.

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Recent High Court Decision Could Impact Loan Agreements

2018-02-02

On Dec. 7, 2017, in a case styled as Tilley v. Malvern Nat’l Bank, 2017 Ark. 343, the Arkansas Supreme Court ruled that certain contractual provisions providing for the waiver of a jury trial are unenforceable. The Supreme Court reasoned in part that waiving the right to a jury trial before litigation arises is unconstitutional.  

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Supreme Court Decision "Caught Most of Us Off Guard," Says Attorney

2017-12-18

Attorney Robert Smith was interviewed by Arkansas Business regarding a recent Arkansas Supreme Court decision that determined pre-dispute contractual waivers of the right to a jury trial are unenforceable under the Arkansas Constitution.

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Arkansas Business Features Article by Attorney Robert Smith

2017-06-13

Robert Smith's article on CIBC Act compliance challenges was featured this week in Arkansas Business. According to Robert, the federal Change in Bank Control Act may be the most often overlooked — and one of the most often violated — of all banking regulations. Inadvertent violations have grown more common given the increase in estate planning-related stock transfers by shareholders planning the next generation of ownership. Complex ownership structures often make it difficult to determine whether a filing is required. A review of the act's basic requirements suggests some steps to avoid problems.

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News Alert: New Proposed Chapter 13 Rules Provide Traps for Secured Lenders

2017-06-07

A process to come up with a standard national Chapter 13 Plan has resulted in a number of proposed changes to the Bankruptcy Rules which have a target effective date of December 1, 2017. A national chapter 13 Plan has been proposed and will be mandatory unless a judicial district opts-out by adopting a “Local Form” that complies with new bankruptcy rule 3015.1. Judicial districts in Arkansas appear poised to opt-out and adopt their own local plan but the form has not yet been finalized. Attorney Harry A. Light explains the proposed rules in more detail.

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News Alert: Change in Bank Control Act Present Compliance Challenges

2017-05-23

The Change in Bank Control Act ("CIBC Act") may be the most often overlooked (and, likely, one of the most often violated) of all banking regulations. Inadvertent violations have recently become more common in Arkansas given the increase in estate planning related stock transfers by shareholders planning for the next generation of ownership. These transfers commonly run afoul of the provisions of the CIBC Act.

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ESOP Can Be a "Win-Win-Win" for Closely Held Banks

2017-05-09

An employee stock ownership plan (“ESOP”) is a powerful and effective tool that can be used by a closely held bank to address many different issues within the bank. An ESOP when used in the right circumstances can provide the following advantages: Shareholder succession, employee benefits and tax benefits to the bank.

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Mid-South Super Lawyers Name 34 Attorneys to Annual List

2016-11-10

Mid-South Super Lawyers named 34 Friday, Eldredge & Clark’s attorneys to their annual listing of top lawyers. In addition, Laura Hensley Smith was named one of the “Top 5o: 2016 Women in the Mid-South” and Donald H. Bacon, Kevin A. Crass, William M. Griffin III, James M. Simpson, Jr., Frederick S. Ursery and William A. Waddell, were named “Top 50: 2016 Arkansas.”

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Firm Tops List of U.S. News and Best Lawyers "Best Law Firms" in State

2016-11-02

Friday, Eldredge & Clark, LLP has been ranked in the 2017 U.S. News - Best Lawyers® "Best Law Firms" list regionally in 41 practice areas, which is the most of any other law firm in the state. Ranked firms, presented in tiers, are listed on a national and/or metropolitan scale. Receiving a tier designation reflects the high level of respect a firm has earned among other leading lawyers and clients in the same communities and the same practice areas for their abilities, their professionalism and their integrity.

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52 Friday, Eldredge & Clark, LLP Attorneys Named to The Best Lawyers in America© 2017

2016-08-22

Friday, Eldredge & Clark, LLP is pleased to announce that 52 lawyers have been named to The Best Lawyers in America© 2017, the oldest and one of the most respected peer-review publications in the legal profession. Best Lawyers has published their list for over three decades. The lawyers on the list are reviewed by their peers on the basis of professional expertise and undergo an authentication process to make sure they are in current practice and in good standing. Following is a listing, by practice area, of the lawyers named to the list for 2017, along with their location:

 

Specialty

Lawyer Name

Little Rock

 
Appellate Practice Robert S. Shafer
   
Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law Harry A. Light
   
Bet-the-Company Litigation Kevin A. Crass
Bet-the-Company Litigation William Mell Griffin III
Bet-the-Company Litigation Christopher J. Heller
Bet-the-Company Litigation Elizabeth Robben Murray
Bet-the-Company Litigation James M. Simpson
Bet-the-Company Litigation William A. Waddell, Jr.
   
Commercial Litigation Kevin A. Crass
Commercial Litigation William Mell Griffin III
Commercial Litigation Christopher J. Heller
Commercial Litigation Elizabeth Robben Murray
Commercial Litigation William A. Waddell, Jr.
Commercial Litigation David D. Wilson
   
   
Corporate Law Paul B. Benham III
Corporate Law Walter M. Ebel III
Corporate Law Price C. Gardner
   
Education Law Khayyam M. Eddings
Education Law Christopher J. Heller
Education Law Ellen Owens Smith
   
Employee Benefits (ERISA) Law David M. Graf
Employee Benefits (ERISA) Law Joseph B. Hurst, Jr.
Employee Benefits (ERISA) Law Alexandra A. Ifrah
Employee Benefits (ERISA) Law A. Wyckliff Nisbet, Jr.
   
Employment Law - Individuals Khayyam M. Eddings
Employment Law - Individuals Elizabeth Robben Murray
   
Employment Law - Management Oscar E. Davis, Jr.
Employment Law - Management Khayyam M. Eddings
Employment Law - Management Christopher J. Heller
Employment Law - Management Daniel L. Herrington
Employment Law - Management Michael S. Moore
Employment Law - Management Elizabeth Robben Murray
Employment Law - Management Frederick S. Ursery
Employment Law - Management H. Wayne Young
   
First Amendment Law James M. Simpson
   
Franchise Law William A. Waddell, Jr.
   
Health Care Law Bruce B. Tidwell
   
Insurance Law James C. Baker, Jr.
   
Labor Law - Management Oscar E. Davis, Jr.
Labor Law - Management Daniel L. Herrington
Labor Law - Management Michael S. Moore
   
Legal Malpractice Law - Defendants Donald H. Bacon
   
Litigation - Antitrust James M. Simpson
   
Litigation - Banking and Finance William A. Waddell, Jr.
   
Litigation - Bankruptcy Harry A. Light
   
Litigation - Labor and Employment Christopher J. Heller
Litigation - Labor and Employment Daniel L. Herrington
Litigation - Labor and Employment Michael S. Moore
Litigation - Labor and Employment Elizabeth Robben Murray
Litigation - Labor and Employment Frederick S. Ursery
Litigation - Labor and Employment H. Wayne Young
   
Litigation - Securities Kevin A. Crass
   
Litigation - Trusts and Estates Allison J. Cornwell
Litigation - Trusts and Estates Sarah Cotton Patterson
   
Litigation and Controversy - Tax Price C. Gardner
   
Media Law James M. Simpson
   
Medical Malpractice Law - Defendants Michelle Ator
Medical Malpractice Law - Defendants Donald H. Bacon
Medical Malpractice Law - Defendants Bradley S. Runyon
Medical Malpractice Law - Defendants Laura Hensley Smith
Medical Malpractice Law - Defendants J. Adam Wells
   
Mergers and Acquisitions Law Paul B. Benham III
Mergers and Acquisitions Law Walter M. Ebel III
   
Municipal Law J. Shepherd Russell III
   
Non-Profit / Charities Law Byron M. Eiseman, Jr.
Non-Profit / Charities Law Sarah Cotton Patterson
Non-Profit / Charities Law K. Coleman Westbrook, Jr.
   
Personal Injury Litigation - Defendants Michelle Ator
Personal Injury Litigation - Defendants Donald H. Bacon
Personal Injury Litigation - Defendants James C. Baker, Jr.
Personal Injury Litigation - Defendants Kevin A. Crass
Personal Injury Litigation - Defendants William Mell Griffin III
Personal Injury Litigation - Defendants Joseph P. McKay
Personal Injury Litigation - Defendants James M. Simpson
Personal Injury Litigation - Defendants Laura Hensley Smith
Personal Injury Litigation - Defendants Guy Alton Wade
Personal Injury Litigation - Defendants David D. Wilson
Personal Injury Litigation - Defendants Frederick S. Ursery
   
Personal Injury Litigation - Plaintiffs Frederick S. Ursery
   
Project Finance Law J. Shepherd Russell III
   
Public Finance Law Robert B. Beach, Jr.
Public Finance Law Ryan Bowman
Public Finance Law Thomas P. Leggett
Public Finance Law J. Shepherd Russell III
   
Railroad Law Joseph P. McKay
Railroad Law Scott H. Tucker
Railroad Law Frederick S. Ursery
   
Real Estate Law James C. Clark
Real Estate Law Price C. Gardner
Real Estate Law James M. Saxton
Real Estate Law Jay T. Taylor
   
Securities / Capital Markets Law Paul B. Benham III
Securities / Capital Markets Law Walter M. Ebel III
Securities / Capital Markets Law Robert T. Smith
   
Securities Regulation Paul B. Benham III
   
Securitization and Structured Finance Law J. Shepherd Russell III
   
Tax Law J. Lee Brown
Tax Law Bryan W. Duke
Tax Law Walter M. Ebel III
Tax Law Byron M. Eiseman, Jr.
Tax Law Price C. Gardner
Tax Law Robert T. Smith
   
Trade Secrets Law Elizabeth Robben Murray
   
Trusts and Estates W. Thomas Baxter
Trusts and Estates J. Lee Brown
Trusts and Estates Allison J. Cornwell
Trusts and Estates Byron M. Eiseman, Jr.
Trusts and Estates Sarah Cotton Patterson
Trusts and Estates K. Coleman Westbrook, Jr.
   
Workers' Compensation Law - Employers Guy Alton Wade
   

Fayetteville

 
Appellate Practice R. Christopher Lawson
   
Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law Jason N. Bramlett
   
Bet-the-Company Litigation Clifford W. Plunkett
   
Commercial Litigation Clifford W. Plunkett
   
Personal Injury Litigation - Defendants Clifford W. Plunkett
   

Rogers

 
Commercial Litigation Marshall S. Ney
   
Litigation - Banking and Finance Marshall S. Ney
   
Litigation - Bankruptcy Marshall S. Ney
   
Litigation - Intellectual Property Marshall S. Ney
   
Litigation - Labor and Employment Marshall S. Ney

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Friday, Eldredge & Clark, LLP Attorneys Listed in Chambers USA America’s Leading Lawyers for Business 2016 Edition

2016-05-31

Friday, Eldredge & Clark, LLP is pleased to announce that Chambers and Partners, Legal Publishers, recently released its Chambers USA 2016 edition, an annual listing of America’s Leading Lawyers for Business. Friday, Eldredge & Clark was highly ranked in all four categories in which rankings are published – Corporate/Commercial, Labor & Employment, Litigation, and Real Estate. Twenty-four individual lawyers in the firm were recognized in eight categories, with several lawyers listed in more than one category.

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Friday, Eldredge & Clark Attorneys, Practice Groups Ranked in 2015 Chambers USA

2015-06-08

Friday, Eldredge & Clark LLP is ranked in four practice groups in the 2015 edition of Chambers USA: A Guide To Americas Leading Lawyers for Business. In addition, 23 of the firms attorneys received individual rankings in the publication. Friday, Eldredge & Clarks rankings page, including client commentary about individuals ...

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