Pundits sometimes jokingly refer to a garnishment subpoena mailed to a bank as a “valentine.” A bank with a judgment of its own to collect can send such “valentines” to other banks. This article provides tips for use by a bank of deposit account garnishments to collect its own judgment […]
Publications
My Collateral Includes a Commodity Account. Now What?
Prices for agricultural commodities fluctuate. A producer attempts to mitigate this price risk through hedging. A lender attempts to mitigate the risks of loaning money to the producer by taking a security interest in producer’s commodity hedging accounts. The commodity broker provides the lender with a control agreement, and says […]
State Specific Developments: February 2013
Iowa: Iowa taxpayers will pay approximately $448,000 to settle an age discrimination lawsuit that an 81-year old doctor filed against a state home for the disabled. The doctor was fired after working eight days at the state home. The doctor claims that he was asked age-related questions during his job […]
Executive Ordered to Repay $735,000 for Breach of Agreement
A panel of the Eighth Circuit Court of Appeals recently upheld a jury verdict requiring a former Hallmark executive to repay her entire cash severance after she violated the severance agreement by using and disclosing confidential company documents. Janet Murley was Hallmark’s group vice president of marketing until her position […]
PPACA Regulatory Updates
As the effective date (January 1, 2014) of significant provisions of the Patient Protection and Affordable Care Acts (“PPACA”) nears, federal regulatory agencies have been hard at work issuing extensive guidance to help employers and individuals comply with the new health care laws. While the new regulations and guidance are […]

