"The Madden v. Midland Saga Continues" by Vincent Basulto

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March 2, 2017

After a period of relative calm in the marketplace lending sector, the February 27, 2017 decision in Madden v. Midland has raised new questions. The decision by Judge Seibel in the Southern District of New York examines choice of law issues in relation to state usury laws.  The decision fails to provide the panacea many investors and lenders had desired, but may provide a further impetus for a legislative fix at the federal level.  

In this client alert, RK&O partner Vincent Basulto examines the decision and the potential implications for marketplace lenders and investors.

Please click here to read the client alert.