Insights

CFPB Targets “Junk Fees” – What Does This Mean for Your Financial Institution?

By: Brett J. Ashton on February 3, 2022

The Consumer Financial Protection Bureau (“CFPB” or the “Bureau”) recently issued a series of press releases and blog posts focused on the issue of so called “junk fees” consumers pay their banks, credit unions, and other financial institutions.…

It’s Time to Come to Terms with New Surprise Billing Laws

By: Brandon W. Shirley and Robert A. Anderson on February 1, 2022

The No Surprises Act imposed sweeping new cost transparency requirements on health care providers throughout the United States that raised many compliance questions and new challenges. Adding to the confusion, regulators responsible for implementing…

Julie A. Johnsten and Crystal L. Stallworth Join Krieg DeVault as Paralegals

February 1, 2022

Krieg DeVault LLP is pleased to announce the addition of two Paralegals, Julie A. Johnsten and Crystal L. Stallworth.  Ms. Johnsten is a member of the firm’s Litigation Practice and will concentrate in the area of medical malpractice. Mrs. Stallworth…

Partner C. Daniel Motsinger Named a 2022 Illinois Super Lawyer; Alexander E. Porter Named a 2022 Illinois Super Lawyers Rising Star

January 31, 2022

Krieg DeVault is pleased to announce that Partner C. Daniel Motsinger has been named to the 2022 Illinois Super Lawyers listing and Attorney Alexander E. Porter has been named to the 2022 Illinois Super Lawyers Rising Stars listing in the categories…

Indiana Senate Bill Would Replace LIBOR When Necessary

By: Ann Marie Woolwine and Kyle P. Chambers on January 28, 2022

Trillions of dollars are tied up in lending contracts that rely on the London Interbank Offered Rate (“LIBOR”) as their benchmark rate. On June 30, 2023, LIBOR will no longer be published in any capacity.¹ Many LIBOR-based contracts contain…

Eliminating Blight: Court Issues Opinion re: Indiana’s Unsafe Building Law

By: Christopher W. Bloomer on January 26, 2022

The Indiana General Assembly gave Indiana’s cities, towns, and other municipal organizations a powerful tool in the fight against blight by enacting the Unsafe Building Law, or “UBL,” codified by Indiana Code § 36-7-9-1 et seq. Generally, any…

Recent Illinois Case Encourages Use of Liquidated Damages Rather than Rent Acceleration Clauses in Commercial Leases

By: Nancy J. Townsend on January 26, 2022

Most Illinois commercial leases accelerate rent when a tenant defaults, but also require the landlord to mitigate damages by reletting, with the defaulting tenant getting credit for rents from the replacement tenant. This creates logistical…

Krieg DeVault Announces 2022 Senior Associate Promotions

January 26, 2022

Krieg DeVault is pleased to announce the promotions of five Associates to Senior Associates – Corben A. Lee, Maria M. Vladimirova, Christopher W. Bloomer, Elizabeth M. Roberson, and Scott C. Frissell. Prior to their Senior Associate positions with…

Stephanie Eckerle to Present at Upcoming National Association of Worksite Health Centers Webinar

January 25, 2022

Selecting A Worksite Health Center Partner and Transitioning Clinic Vendors
January 25, 2022 from 12:00 p.m. - 1:00 p.m. CT

Learn the key legal and operational areas to focus on - and the potential pitfalls - when you select your first worksite…

Class Action Against Sixteen Universities for Alleged Unlawful Practices in Awarding Financial Aid

By: Robert A. Greising and Elizabeth M. Roberson on January 25, 2022

Earlier this month, a group of former college students joined together to file a class action lawsuit (the “Lawsuit”) against sixteen universities.¹ The former students allege that the universities are weighing an applicant’s ability to pay when…

What is an ESOP? (Podcast)

By: Alexander L. Mounts and George C. Lepeniotis on January 24, 2022

Krieg DeVault Partner Alexander L. Mounts discusses what an ESOP is and how, if used properly, can be an intricate tool of corporate finance that also provides retirement benefits for employees.

CMS Issues Supplemental Guidance on Interim Final Rule on Vaccination for States Impacted by Recent Supreme Court Ruling

By: Virginia A. Talley and Shelley M. Jackson on January 20, 2022

On January 14, 2022 the U.S. Centers for Medicare and Medicaid Services (“CMS”) issued supplemental guidance (the “Supplemental Guidance”) for implementation of its Interim Final Rule – Medicare and Medicaid Programs; Omnibus COVID-19 Health Care…