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Mette, Evans & Woodside Serves As Counsel to Everett Cash Mutual In Insurance Company in its Acquisition of Farm, Ranch, and Esquire Renewal Business
Global Indemnity Group, LLC (NYSE:GBLI) (“GBLI”), recently announced that American Reliable Insurance Company (“ARIC”), a GBLI subsidiary, completed the disposition of ARIC’s Farm, Ranch, and Equine book of renewal business to Everett Cash Mutual. GBLI also announced that it agreed to sell ARIC to Everett Cash Mutual (ECM), which, subject to regulatory approvals and customary transactional conditions, is expected to close in or before the first quarter of 2023. GBLI and ECM anticipate that the...
The Advantages of Business Entity Conversions
Since July 1, 2015, Pennsylvania businesses have been able to convert from one form to another, with a few simple steps.  Before 2015, a business entity that wanted to change its form (such as a general partnership to a limited liability company (LLC)) would have either needed to undergo a complicated merger process or would have had to transfer assets. The owners would form a new entity, and the existing entity would either merge into...
Negotiating the Change in Terms Addendum to Agreement of Sale
By James L. Goldsmith, Esquire In a balanced market, and frequently in this seller’s market, properties are sold twice. There is the original offer and acceptance and then there is the renegotiation that follows the inspection reports. When a problem is discovered by an inspection, how should it be handled? Assuming that the agreement is contingent on the outcome of inspections, the buyer has the right to terminate. If, however, the buyer wants to move...
State Investigates Licensees Alleged to Have Violated Governor’s Closure Orders
By James L. Goldsmith, Esquire The process of reopening business in Pennsylvania has been a bumpy road and the twists and turns ahead make predictions difficult. Not so the past: we know what was allowed and what not at any particular time. On March 19, 2020, Gov. Tom Wolf ordered all non-life-sustaining businesses in Pennsylvania to close their physical locations and cease in-person operations to slow the spread of the coronavirus. Real estate licensees were...
Social Media & Financial Considerations For Real Estate Professionals
Old issues – New times By James L. Goldsmith, Esquire Social Media Remember being inundated with solicitations for courses on the essentials of social networking, the rules of media etiquette and the like?  Everyone was all over that stuff. Today, when the Commonwealth’s response to the pandemic evokes such vitriol and division it is hard to imagine that the message from those lessons stuck. As a lawyer working from home, I’m reading the releases from...
Take Notice: Simple Ways Lenders Can Protect Themselves
What does the automaker Honda have in common with Capital One? They both faced multi-million dollar class action lawsuits for alleged violations of Article 9 of the Uniform Commercial Code’s repossession provisions4. Recent lawsuits against both companies alleged that vehicles they financed were repossessed without providing the borrower with notice as required by Article 9. Article 9 of the Uniform Commercial Code (“UCC”) outlines the rights and duties of parties to a secured transaction. While...
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