'National Law News' Category Archives



Federal Judge Clears Path for Policyholder's Class Action Against USAA for $7M Interest on Improperly Retained Late Fees

U.S. District Judge Peter J. Messitte of the District of Maryland ruled the plaintiff pleaded facts clearly to suggest USAA “knew full well that they had the use of the late fees,” and “they understood the time-value of the fees” and their interest-bearing potential, according to a June 11 opinion.        

Recent Revisions to the NVCA Model Forms

The National Venture Capital Association (NVCA), the self-designated flagship trade association of the venture capital (VC) industry, has developed a widely used set of annotated model legal documents as the starting point for negotiating VC financing transactions.