News & Events

Maurice Wutscher’s Brady Hermann Quoted About Brokers’ Promissory Note Cases


Jan. 17, 2021 ­— Maurice Wutscher attorney Brady Hermann was quoted in a recent AdvisorHub article about promissory note cases involving brokers who leave for competing firms and the risks brokers face in fighting them. "It’s not uncommon for a departing broker to try to extricate themselves from note obligations, even though counterclaims are rarely successful and often lead to a broker paying more than if they had reached an agreement with their firm when they left," Mr. Hermann said. “'These tend to be very clear cut...

Webinar: Maurice Wutscher’s Donald Maurice to Discuss NY State’s New Consumer Credit Laws


Jan. 4, 2022 — Maurice Wutscher attorney Donald Maurice will join a panel in examining new consumer credit laws passed by the New York Legislature in 2021 during an RMAI webinar Wednesday, Jan. 5, at 12 pm ET. The panel will take a closer look at the new laws and their impact on the receivables management industry and discuss what legislative and regulatory changes may be coming in 2022. To register for the Receivables Management Association International webinar, click here. Donald Maurice represents the financial services...

Maurice Wutscher’s Brady Hermann Quoted About Broker Arbitration Challenges


Dec. 20, 2021 ­— Maurice Wutscher attorney Brady Hermann spoke to AdvisorHub recently about the challenges a broker will face moving to vacate an arbitration award based on arbitrators allegedly excluding certain evidence at the hearing. "Winning a motion to vacate would likely be even more of an uphill battle given courts’ reluctance to supersede arbitrator decisions and the high bar for vacature under the Federal Arbitration Act," Mr. Hermann told AdvisorHub. “'This is a very difficult standard to...

Maurice Wutscher’s Donald Maurice Speaks to MarketWatch About Post-Judgment Interest on Debt


Dec. 16, 2021 ­— Maurice Wutscher partner Donald Maurice was quoted in a recent MarketWatch article about post-judgment interest rates on outstanding debt owed by consumers. Mr. Maurice, who is legal counsel for Receivables Management Association International, said RMAI's members "don’t sit on judgments and any interest that would accrue on them during the intervening period wouldn’t offset collection costs." “'Persons who have judgments against them are financially distressed, the problem is not trying to...

Maurice Wutscher’s Ralph Wutscher Named American Bar Foundation Fellow


Dec. 15, 2021 — Maurice Wutscher partner Ralph Wutscher has been named a Fellow of the American Bar Foundation. The Fellows of the American Bar Foundation is a global honorary society of attorneys, judges, law faculty and legal scholars whose public and private careers have demonstrated outstanding dedication to the highest principles of the legal profession and to the welfare of their communities. Membership in the Fellows is limited to one percent of lawyers licensed to practice in each jurisdiction. Fellows are nominated by their peers...

Webinar: Maurice Wutscher’s Donald Maurice to Review State Law Trends in ARM Industry


Dec. 14, 2021 — Maurice Wutscher attorney Donald Maurice will review state law trends in the accounts receivable management industry during a webinar Friday, Dec. 17 at 1 pm ET. States were very active in 2021 in enacting laws governing the industry and are expected to be just as active, if not more, in 2022. In this webinar, Mr. Maurice and David Reid, general counsel of Receivables Management Association International, will discuss the key state law changes of 2021, what to look for in the new year, and potential compliance...

Maurice Wutscher’s Brady Hermann Discusses Broker Protocol, Recruitment


Dec. 10, 2021 ­— Maurice Wutscher attorney Brady Hermann spoke to AdvisorHub recently about the Protocol for Broker Recruiting pact and the current state of broker recruitment. The AdvisorHub article discusses the legal battles between brokers and their former employers over clients and the information brokers are taking to their new firms. “They’re potentially taking information they shouldn’t be or wouldn’t have five years ago,” Mr. Hermann said. “It’s not the Wild West, but it’s just the rules...
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