Insights

The Eighth Circuit Court of Appeals recently affirmed a District Court’s summary judgment that a party who does not disclose his employment discrimination claims to a bankruptcy trustee is judicially estopped from pursuing those claims. Jones v. Bob Evans Farms, Inc. Jones began working for…
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On December 31, 2015, St. Louis County Ordinance 26,211, the “Residential Rental Property Licensing Code,” (the “Code”) will become effective.  Note the following important limitations:  The Code applies only in unincorporated parts of St. Louis County, and to owners of residential dwellings of four units…
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It appears that rule-making agencies are likely to gut a provision from the Dodd-Frank financial overhaul law that requires securitizing lenders to retain at least 5% of the credit risk in all but the safest real estate secured loans. “Great Recession” The FDIC, FRB, SEC,…
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Late this past summer, the State of Missouri enacted legislation permitting the formation of a new type of entity called a “Series LLC” in Missouri. By way of background, in 1996, Delaware was the first state to enact a Series LLC statute, and since that…
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On August 28, 2010, a new section of the Missouri Mechanic’s Lien Statute (Chapter 429 MO Rev. Stat.) will take effect.  Section 429.016 applies only to “residential real property” on which structures are to be built or renovated with the intent of being used for…
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