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BigLaw firm partners awarded fraction of their $1,500-plus hourly legal fees

BigLaw firm partners awarded fraction of their $1,500-plus hourly legal fees
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Ninth Circuit Addresses Issue of First Impression Concerning the Usury Defense Under California Law | King & Spalding

On May 25, 2023, the U.S. Court of Appeals for the Ninth Circuit, in a two-to-one split decision, held that an exemption to California’s usury laws for certain “aggregate” loan amounts.

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Ninth Circuit Declines To Aggregate Loans For Usury Exemption - Trials & Appeals & Compensation

California limits the amount of interest that may be charged on loans and forbearances. While that is the general rule, there are numerous statutory exemptions.

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Ninth Circuit Rules in Favor of Borrowers in Aggregate Borrowing

Ninth Circuit Court of Appeals Social Life Network, Inc. v. LGH Investments, that the usery exemption CA Constitution applies to a borrower's aggregate debt. Ninth Circuit ruled provision should be read broadly large debt from a single lender is exempt not total debt.

United statesM james lorenzCircuit courtLife network incUs district courtCalifornia supreme courtCalifornia corporations codeCalifornia constitutionLife networkCourt judgeNinth circuit courtNinth circuitNinth circuit court of appealsAlifornia constitution usery provisionAlifornia debt usery exemption rulingOcial life network incv lgh investments llc

Social Life Network Announces Name Change on OTC Markets to Decentral Life, Inc

Social Life Network Announces Name Change on OTC Markets to Decentral Life, Inc
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