Arlin Crisco
Recent Posts
Topics: Negligence, Engle Progeny, Tobacco Litigation
J.P. Morgan Argues That Mistake in UCC Filing Did Not Terminate Its Interest in $1.5 Billion Loan to GM
Posted by Arlin Crisco on Oct 9, 2014 2:48:22 PM
Topics: Bankruptcy, UCC
Each Tuesday we issue a new Engle trading card featuring an attorney, trial, or firm from Florida’s Engle progeny tobacco cases. Our exclusive cards provide a light-hearted way to track important statistics through eight years of this landmark tobacco litigation.
Card #4: W. Ray Persons
W. Ray Persons, from King & Spalding's Atlanta office, has tried 8 Engle cases in three years. His record features an impressive three-trial wining streak in 2013 and 14. Click here to view his full-size card.
Topics: Engle Litigation Trading Cards
Does Mistaken UCC Filing Terminate $1.5B Security Interest in GM Bankruptcy? CVN to Cover Delaware Supreme Court Arguments
Posted by Arlin Crisco on Oct 7, 2014 1:29:57 PM
CVN will broadcast live from the Delaware Supreme Court Wednesday as it hears arguments striking to the heart of what’s needed to terminate a security interest under that state’s uniform commercial code. In Re Motors Liquidation Co., et al.
The case’s central question stems from two secured transactions, a synthetic lease and a $1.5 billion term loan, taken out by General Motors, with J.P. Morgan as the secured party of record. Both transactions were secured by UCC-1 financing statements. However, when the parties filed UCC-3 forms to repay the synthetic lease, one of those forms mistakenly listed the term loan.
Topics: Bankruptcy, UCC
Each Friday we highlight the week’s Engle progeny tobacco trials and look ahead to next week.
Topics: Engle Progeny, Tobacco Litigation


