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Legal Resources - Business Practices

Legal Issues Pertaining to Taking Assignment of Bundled Contracts from Equipment Vendors – And Suggested Changes in Practices
A condensed version of this article by Bob Ihne appears in the March/April 2014 issue of ELFA's Equipment Leasing & Finance magazine.
Ohio 9th District Court of Appeals Ruling in Preferred Capital/NorVergence Case
The Ohio Ninth District Court of Appeals upheld the enforceability of the floating forum selection clause in a case where all of the lessees are for-profit corporations.
Massachusetts and Arizona Press Releases (340k)
Press Releases from the Attorneys General of Massachusetts and Arizona regarding the settlement with three leasing companies involved in the Norvergence case.
Ohio Decision (298k)
Ohio Appellate Court's Dismissal of Preferred Capital Appeals
Florida Order Dismissing Amended Complaint
White Paper: Legal Principles Underlying Commercial Businesses' Access to Equipment Leasing and Finance (12/13/04)
This White Paper and several other resources have been sent to State Attorneys General and to The Federal Trade Commission. In a letter to State AG's and to the Chairman of the FTC, ELFA President Michael Fleming stated that, "We at ELFA recognize that your office has been looking at how equipment leasing works as part of your investigation into the NorVergence discount long distance telephone service matter. The association shares your interest in fully understanding how leasing works, its role in the economy and the legal principles of commercial law on which equipment leasing is based." Fleming offered that representatives of ELFA are interested in meeting with officials at Attorneys General's offices and officials of the FTC.

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