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Podcast Patent Troll, Payday Loans, Fedex Trafficking Drugs

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Top 10 in Law Blogs: Podcast Patent Troll, Payday Loans, Fedex Trafficking Drugs

By Colin O’Keefe on August 21, 2014 in Best in Law BlogsCommentsLikeEmailLinkedInGoogle Plus

Apologies for this going live a bit later than normal, but we’re here with today’s Top 10 nonetheless. Some highlights: Foley & Lardner’s Matthew Riopelle asks an interesting question, on whether or not driverless cars will be adopted by consumers, and Scott Riddle explains why taking out a payday loan is a horrible idea. Total posts on the LexBlog Network today: 176.

The Big Impact from Nixed Recess Appointments: Supreme Court’s rejection of President Obama’s NLRB picks could upset hundreds of decisions. – Chicago lawyer Kenneth Dolin of Seyfarth Shaw on the firm’s Employer Labor Relations Blog Waiting for Claim Assignment Doesn’t Toll Statute of Limitations: American Family v. Plunkett – Chicago lawyer Joshua Glazov on his blog, Construction Law Today State of the Creative Series: Interview with the Chief Creative Officer at R/GA – New York lawyer Ronald Urbach of Davis & Gilbert on his blog, Madison Ave Insights Standing Out in a Sea of Content: A Webinar Recap – Legal marketing expert Lindsay Griffiths of International Lawyers Network on Zen & The Art of Legal Networking ProPublica and the Problem With JournalismPatrick Maines, president of The Media Institute, at the Institute’s Media & Communications Policy Blog Personal Audio No Longer Trolling Adam Carolla – Houston lawyer Michael Pham of Winstead on the firm’s blog, WinTech Payday Loans: It Could BeThe Worst Decision You Could Make – Atlanta lawyer Scott Riddle on his blog, the Georgia Bankruptcy Law Network FedEx Charged with Criminal Distribution in Crackdown on Prescription Drug Abuse – New York lawyer Mik Shin-Li of Perkins Coie on the firm’s blog, White Collar Briefly ’90?s Flashback: Prince’s Trademark Cautionary Tale – Nashville lawyer Randy Michels of Stites & Harbison on the firm’s blog, Trademarkology Will Self-Driving Cars be Accepted by Consumers? – San Diego attorney Matthew Riopelle of Foley & Lardner on the firm’s blog, Dashboard Insights

For more of the best, check out LXBN, a complete review of the top insight and commentary across the LexBlog Network.

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Vitesse Strengthens Long-Term Working Capital With Loan Refinance

CAMARILLO, CA–(Marketwired – Nov 7, 2013) – Vitesse Semiconductor Corporation (NASDAQ: VTSS), a leading provider of advanced IC solutions for Carrier and Enterprise networks, amended its senior secured loan agreement with Whitebox VSC Ltd. giving the Company rights of pre-payment, modifying interest rates and extending the maturity date to August 31, 2016. As part of the loan refinancing, the Company repurchased $13.7 million of convertible second lien debentures held by Whitebox, reducing the Company’s total indebtedness. The new terms provide Vitesse with working capital to further fuel its new product growth strategy and supports increasing stockholder value.

“Vitesse is committed to managing our capital structure in order to achieve sustained profitability,” said Chris Gardner, CEO of Vitesse. “This loan resolution provides us with the flexibility to use our cash to pre-pay our debt, enabling us to further de-leverage the Company. Greater cash flexibility allows Vitesse to make prudent near-term investments to amplify the market traction of our new and next-generation product portfolios thereby increasing stockholder value.”

The loan amendment modifies the Company’s Term A Loan in the principal amount of $7.9 million and Term B Loan in the principal amount of $9.3 million. Both Term A and Term B Loans now come due on August 31, 2016, and each bears interest in cash at 9.0% per annum payable quarterly in arrears. The Term B Loan remains convertible into Vitesse common stock at a price of $4.95 per share through October 30, 2014. The loan amendment also permits the Company to pre-pay the Term A and Term B Loans in whole or in part subject to the payment of a prepayment fee, and to pre-pay the Company’s convertible second lien debentures prior to their maturity in October 2014.

The Company repurchased Whitebox’s $13.7 million of debentures at a price of 107% of their principal amount. The repurchased debentures were convertible into approximately 3.0 million common shares. Following the repurchase, $32.8 million of convertible second lien debentures remain outstanding. The Company intends to opportunistically repurchase additional debentures ahead of their maturity.

The original loan agreement was entered into on August 23, 2007. Additional detail about the loan amendment and repurchase of debentures will be available in the Company’s Current Report on Form 8-K to be filed with the Securities and Exchange Commission.

About Vitesse
Vitesse (NASDAQ: VTSS) designs a diverse portfolio of high-performance semiconductor solutions for Carrier and Enterprise networks worldwide. Vitesse products enable the fastest-growing network infrastructure markets including Mobile Access/IP Edge, Cloud Computing and SMB/SME Enterprise Networking. Visit www.vitesse.com or follow us on Twitter @VitesseSemi.

Vitesse is a registered trademark of Vitesse Semiconductor Corporation in the United States and other jurisdictions. All other trademarks or registered trademarks mentioned herein are the property of their respective holders.

VTSS-F

Cautions Regarding Forward Looking Statements
All statements included or incorporated by reference in this release, other than statements or characterizations of historical fact, are forward-looking statements that are based on our current expectations, estimates and projections about our business and industry, management’s beliefs, and certain assumptions made by us, all of which are subject to change. Forward-looking statements can often be identified by words such as “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” “predicts,” and similar terms, and variations or negatives of these words. Examples of forward-looking statements in this release include the Company’s intention to repurchase additional debentures. Forward-looking statements are not guarantees of future performance and the Company’s actual results may differ significantly from the results discussed in the forward-looking statements. Factors and uncertainties that could affect the Company’s forward-looking statements include, among other things, the unwillingness of debenture holders to sell their debentures to the Company on acceptable terms, or at all. These and other risks are more fully described in the Company’s filings with the Securities and Exchange Commission, including the Company’s most recently filed Annual Report on Form 10-K and Quarterly Report on Form 10-Q, which should be read in conjunction herewith for a further discussion of important factors that could cause actual results to differ materially from those in the forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact:

Company

Marty McDermut

Vitesse Semiconductor

www.vitesse.com

+1.805.388.3700

invest@vitesse.com

Agency
Becky Herrick
LHA
www.lhai.com
+1.415.433.3777
VTSS@lhai.com

[…]

Sun sets on Western Sky's payday loans in Maryland | Maryland …

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Sun sets on Western Sky’s payday loans in Maryland

6:51 pm Thu, June 13, 2013

Posted: 6:51 pm Thu, June 13, 2013
By Steve Lash The Daily Record
Daily Record Legal Affairs Writer

The Maryland Division of Financial Regulation issued a final order Thursday telling an online payday lender to cease lending and collecting on loans to the state’s consumers, saying the unlicensed company had been charging usurious annual personal-loan rates of between 120 percent and 1,825 percent.

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First Person: Where to Find Small Cash Infusions for a Small Business

One of my business mentors provides alternative small business financing for companies that have been rejected by traditional financial institutions. I learned early on that obtaining funding for a business applies to more than a start up. Sometimes a cash infusion can help take a business to its next level of expansion. For example, you may need a new piece of equipment, software or a larger office space. None of these items warrants applying for a full-fledged commercial loan, but you still need a little financial assistance to get over the “hump.”

Who to ask?

Already having a track record for viability and growth puts you in a good light when you reach out for a small business loan. For lenders, it’s all about the risk. You are considered a better risk if your books show you have been managing your money. Consider reaching out to the following sources for smaller sums of cash:

Advisors. Most members of an advisory board recognize their interest in your company is more meaningful once they are financially invested. This is a great place to start when you only need a few thousand dollars. Your advisors are prone to giving you clear cut guidance and even sharing contacts in their own networks when they have money in your company.

Friends and Family. This type of loan can be risky to personal relationships if you business does not go as planned. Go back and talk to the people that said “no” when you needed start up funding. Once again, if your track record proves your ability to maintain profitability, people you are close with are more willing to say “yes.” Just be very clear in a legal agreement regarding the conditions of the loan.

Crowdfunding. This is an online method of acquiring cash from multiple “donors”, usually in exchange for some form of perk. These individuals are donors in the sense that they give the money with no expectation of interest or investment in your company.

Credit Cards. It’s never a good idea when you are building a strong credit rating to use more than 40% of your available credit. Sometimes maxing out a credit card is the moat practical way to get what you need to move your business forward. Do your best to avoid paying fees and interest.

Working with smaller investors allows you to maintain more equity control over your business, and implement growth strategies at a pace you can handle with confidence.

*Note: This was written by a Yahoo! contributor. Do you have a story that you’d like to share? Sign up with the Yahoo! Contributor Network to start publishing your own finance articles.

More from this contributor:

Effective Email Campaigns

Increase Brand Loyalty through Social Media

The Small Business Owner’s Guide to Effective Networking

[…]

Dollar Loan Center Announces It's 2012 Holiday Photo Contest

Dollar Loan Center is giving away a Xbox 360 and cash prizes to contest participants.

Las Vegas, Nevada (PRWEB) December 06, 2012

Facebook

likers and Twitter followers will know firsthand how to win big with Dollar Loan Center (DLC) this

holiday season

as the company launches its 2012

Holiday Photo Contest

. Now, through December 20th, participants are invited to Like DLCs Facebook page, or Follow the company on Twitter, download and color the

Holiday Ornament

, display it on the family holiday tree, and post a picture to DLCs website or

Facebook page

. Winning great prizes is just that simple.

Dollar Loan Center CEO, Chuck Brennan, is one of Nevada’s most recognized business owners and philanthropists, giving upwards to a half million dollars annually to charitable events all across the country through donations and gifts. Brennan’s generosity doesn’t stop there. He loves the holidays and believes the Holiday Photo contest is a great way to celebrate the season while giving back to the social community. “The holidays are a fun time of year,” says Brennan, “and what better way to get rewarded for sharing [the photos] than with cash prizes.”

DLC, the premier provider of signature loans throughout Nevada, South Dakota, Utah and California, encourages participants to let loose that inner child, get creative, show originality and indulge in the holiday spirit. First place winner starts the new year off with a Microsoft Xbox 360 4GB Console, second place winner shops their new year with a $100 gift card, and third place winner buys goods with a $50 gift card.

People spend much of their time on Twitter and Facebook already. Why not take advantage of the networking stage and win some prizes this holiday season? Log onto http://www.dontbebroke.com for contest rules and to enter the contest today.

Sarah Thornton
Dollar Loan Center
702-851-5800
Email Information

[…]

Simple Suggestions For The Greatest Payday Loans – Total Vibration

Check out different banking companies, and you will definitely get very many situations being a consumer. Banking companies charge numerous rates useful, offer various conditions and terms and the very same applies for online payday loans. If you are looking at learning more about the possibilities of pay day loans, these post will get rid of some light-weight about the subject.

If you are considering that you have to normal on the cash advance, you better think again. The money businesses acquire a substantial amount of information by you about such things as your company, plus your street address. They will likely harass you consistently till you receive the financial loan repaid. It is advisable to obtain from household, market issues, or do other things it will require to merely spend the money for loan off, and go forward.

Usually know that the cash that you borrow from your pay day loan is going to be paid back straight out of your paycheck. You need to arrange for this. Unless you, if the end of your pay out period of time arrives all around, you will find that there is no need ample cash to cover your other expenses.

Benefit from the proven fact that above twenty thousands of pay day loan companies exist. Some may be ethically ambiguous, and those offering the marketplace an unsatisfactory reputation. Many more are legitimate firms that do points ethically, and legitimately. Get online, and locate testimonials, blogs and forums, and forum content by past pay day consumers, to easily discover out who does things perfect for their clients.

Will not expand your cash advance if you do not definitely have to. The rate of interest is really on top of a cash advance that it can be tough to pay the personal loan off should you increase it beyond the initially pay time. Pay day loans are temporary personal loans and must be taken care of as a result.

Should you may need a payday advance, you may want to think about reevaluating your finances or fiscal practices. Even though a payday loan can really be a life-range, you must not be dependant upon them as well often. You must learn how to manage money wisely, and in ways that leads to economic power, rather than continued hardship.

If you are looking to get a payday loan however are tense about the possibilities of it, you must chill out. Realize that most of the bad connotations associated with a pay day loan usually are not correct. When you obtain only what you are able afford and pay out it back again by the because of time, it should be a basic practical experience.

An important idea to any individual searching to take out a cash advance is to make certain that no matter which loan company you happen to be making use of to have the financial loan from is accredited in your state. Every condition has diverse loaning legal guidelines and to acquire a legit and lawful loan. Your financial institution has to be accredited to operate where you live.

For those who get stuck within a situation where they may have several payday advance, you must look at options to spending them off. Think about using an advance loan off of your bank card. The interest rate will be lower, and the fees are considerably less in comparison to the payday loans.

There are numerous web sites on-line where people can document the payday loan organizations, which may have sculpted them away. Make sure that you do all of your investigation. Check these sites before you get that loan. Doing this you will know how the clients are legitimate, rather than attempting to swindle you.

When you study at the start of this article, it is quite common, with the state the economic system, to locate on your own requiring a payday advance. As you now have read this write-up you already know precisely how important it is actually to know the particulars of pay day loans, and just how crucial it is that you simply place the information and facts in the following paragraphs to utilize just before getting a cash advance.

If for any reason you would like added details on gold list take a look at Santina Q. Mallin’s site there is a lot of points not detailed in this post, find those details on Author’s site to uncover further details.

BROWSE / IN TIMELINE « Arrive at A Lot More People With Social Networking Marketing and advertising » Who Wants You? Recommendations On Search Engine Optimisation BROWSE / IN 68 « How To Find New Clients For Your Own Home Organization […]

The price of Payday Loans | Backlinkarticles

Pay day loans are a short-term cash advance, when it really is desired quite possibly the most…usually in between paydays! Payday loans can be a smart way to acquire some dollars to tide you over on your upcoming … […]

Cash Advance Loans Cost | Chicago Traveler

If you ever get payday loan , you may feel That it is the only option to help you get out of a tight spot. It may very well have been. The sad thing about payday loans is That They are predators and prey on Those most vulnerable … […]