UPDATE: Manhattan DA: Detroit Tiger Delmon Young Still Facing Charges

The Manhattan DA is still pushing forward with its misdemeanor hate crime assault case against Detroit Tiger Delmon Young for his accused drunken anti-Semite tirade in which he is accused of yelling “F*cking Jews!” and attacking a male tourist in New York city.   The DA’ office has apparentl...
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Class Certified in NYPD Stop and Frisk Program

Judge Shira Scheindlin ruled “overwhelming evidence” exists that the NYPD is running a centralized “stop-and-frisk” program that has led to thousands of unlawful stops and arrests.   As a result the federal judge certified a 2008 class action lawsuit that challenges the NYPD “stop and fr...
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A loan is usurious and unenforceable if it seeks recovery of annualized interest rate in excess of 16 % from individual borrowers

The New York General Obligations Law provides that the legal rate of interest charged on a loan is six (6) percent per annum unless a different rate of interest is fixed under section 14 (a) of the Banking Law.  Section 14 (a) of the New York Banking Law holds that the maximum rate of interest [&he...
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Lenders that seek to recover compound monthly interest on loans for less than $250,000 are unenforceable and void

New York statutory law limits a lender’s ability to collect compound interest on any loan for $250,000 or less.  Indeed, “compound interest” is commonly defined as interest on interest or interest that is paid on both the principal and the previously accumulated interest.  “Compound intere...
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