Posts by zestsms

The Court of Appeals of Maryland recently revisited the law concerning “pay-when-paid” and “pay-if-paid” clauses in construction subcontract agreements. In Young Electrical Contractors, Inc. v. Dustin Construction, Inc., 2018 WL 2355299, __A.3d __ (2018), a subcontractor sued the general contractor for payment on a subcontract. The Circuit Court for Montgomery County granted summary judgment in…

Clark Turner Homes LLC has filed for voluntary Chapter 7 bankruptcy protection, a turnaround for the Harford County developer that once hoped to gain from a projected population boom around Aberdeen Proving Ground amid the military’s Base Realignment and Closure program. Belcamp-based Clark Turner Homes listed liabilities between $1 million and $10 million in a…

By Natalie Sherman  Baltimore Sun Six community groups that had been battling companies connected to a Texas businessman and dozens of vacant properties in Baltimore said Thursday they had reached a settlement, in which the owners agreed to clean-up the properties and pay $85,000. A Baltimore City Circuit Court judge ordered clean-up of the eyesores…

Yumkas, Vidmar, Sweeney & Mulrenin, LLC, has established its primary office in Downtown Columbia and relocated its Annapolis operations. The Central Maryland-based law firm includes top-rated attorneys who handle the needs of clients seeking business advice and help with resolving business disputes. In addition to counseling thriving businesses, YVSM attorneys are noted for their extensive…

By: Lizzy McLellan, Daily Record Business Writer/ April 15, 2014 Lawrence Yumkas, left, and Robert T. Schmidt, representing First Mariner Bancorp, walk into bankruptcy court Monday morning. The Daily Record/Maximilian Franz 1st Mariner Bank will remain in local hands after a last-minute deal Tuesday resulted in a reopened auction and the initial winning suitor withdrew.…

LEADING LAWYERS. LEADING CLIENTS. At Yumkas, Vidmar & Sweeney, we take great pride in your recognition of us as leading lawyers, and we take greater pride in the success of our clients. Our Annapolis-based law firm is home to top-rated attorneys who handle the needs of clients seeking business advice and help with resolving business…

March 13, 2014 A bankruptcy judge approved First Mariner Bancorp’s request to auction off its Baltimore bank quickly, a process that drew heated objections from creditors and the U.S. Trustee, the Baltimore Sun reported today. Bankruptcy Judge David E. Rice set an April 7 deadline for bids on First Mariner Bank, with the auction to…

February 10, 2014 4:41 p.m. ET By: Stephanie Gleason First Mariner Bancorp the holding company for Maryland community bank 1st Mariner, filed for Chapter 11 bankruptcy Monday in order to sell its bank subsidiary. The company said it has an offer that would provide $100 million of new capital from a group of private-equity investors…

February 10, 2014, 6:56 PM ET By Maria Chutchian Baltimore-based First Mariner Bancorp, the holding company for 1st Mariner Bank, entered bankruptcy Monday for the purpose of selling off its bank subsidiary to a group of private equity funds for $100 million. The groups making up the stalking horse bid are Priam Capital, Patriot Financial…