News & Events

Maurice Wutscher’s Brady Hermann Quoted About Brokers’ Efforts to Vacate FINRA Award


Feb. 24, 2022 ­— Maurice Wutscher attorney Brady Hermann was quoted in a recent AdvisorHub article about two brokers' attempt to vacate a Financial Industry Regulatory Authority award denying their request to expunge termination language their former employer included on their Form U5. The brokers argued the award, issued in November 2021 by a FINRA panel, should be vacated as the arbitrator who chaired the panel failed to disclose his prior work for their former employer. Mr. Hermann said an arbitrator's failure to disclose...

Maurice Wutscher Attorneys to Speak on Bankruptcy, Compliance at RMAI Conference


Jan. 31, 2022 — Maurice Wutscher attorneys Alan Hochheiser and Donald Maurice will speak on bankruptcy, compliance, legislative, and regulatory matters impacting the receivables management industry at RMAI’s annual conference in Las Vegas Feb. 7-10. Mr. Hochheiser will discuss the current state of bankruptcy litigation, including the interest, fees, and costs issues of FRBP 3001 and stay violations, and the status of proposed bankruptcy legislation. Mr. Maurice will give a talk on ethics-driven compliance management and participate...

Webinar: Maurice Wutscher’s Alan Hochheiser to Speak on Collecting From Consumers in Bankruptcy


Jan. 24, 2022 — Maurice Wutscher bankruptcy practitioner Alan Hochheiser will share his insight on what creditors should do when faced with collecting from consumers who have filed for bankruptcy protection during a webinar Thursday, Jan. 27 at 1 pm ET. Successfully navigating the compliance issues that arise when dealing with bankruptcy cases can offer significant benefits to companies in the accounts receivable management industry. In this webinar, Mr. Hochheiser will join a panel of legal and compliance practitioners as they walk...

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


Jan. 17, 2022 ­— 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...
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