Miami Lawyer Blog

This Friday, July 1st, 2011, the Bass Museum of Art celebrates its monthly first-Friday happy hour event, Beats After Sunset, from 8 p.m. to 10 p.m. Guests in attendance will be treated to a preview of the museum's newest exhibit "Sandra Gamarra: At the Same Time (al mismo tiempo)" featuring works by Madrid-based Peruvian artist Sandra Gamarra created specifically for the museum. At the Bass Museum of Art "Sandra Gamarra: At the Same Time (Al Mismo Tiempo)" features an ethereal suite of the artist's canvases based on photos Gamarra has snapped of visitors looking at works of art previously at museum's galleries. Gamarra is scheduled to be present during the reception.

The Bass Museum of Art is a renown art museum in Miami Beach, Florida featuring a collection of Antiquities, Renaissance, and Baroque art and also provides educational programs and teacher resources that aim to inspire a new generation of creative artists. Aaron Resnick is a member of the Silver Director's Circle and has sat on the executive committee for the Art Crowd. Currently, he also is on the host committee for the monthly Beats After Sunset @ the Bass.

The Law Offices of Aaron Resnick is one of the few South Florida firms with an Art Law division.

"Sandra Gamarra: At the Same Time" through October 16 at the Bass Museum of Art 2100 Collins Avenue, Miami Beach Call 305-673-7530 or visit bassmuseum.org.

Miami Florida Foreclosure Attorney Aaron Resnick comments on the breaking story: South Florida No. 2 on mortgage fraud risk list.

South Florida's mortgage fraud risk index spiked 10 percent during the first part of the year, shooting the region to second place nationally for potential housing scams. It ranked 20th during the same time last year. The region, comprising Palm Beach, Broward and Miami-Dade counties, was the only high-risk area to see an overall increase, according to a report released this month by fraud analysis company Interthinx. Top-ranked Modesto, Calif., experienced a 23 percent decrease in the first quarter compared with the same time in 2010. [Source: Palm Beach Post]. Florida litigation attorney, Aaron Resnick stated that "this is very troubling that in such times of unrest in the housing market mortgage fraud is still an issue." Resnick suggests that all buyers and sellers have an attorney when purchasing property.

Continue reading "South Florida No. 2 On Mortgage Fraud Risk List" »

Miami Attorney Brittany Rawlings, an associate at the Law Offices of Aaron Resnick, P.A., was named Miami's Power 30 Under 30.

The Power 30 Under 30™ Awards honors thirty outstanding individuals under the age of thirty around the United States that have achieved extraordinary success. Young leaders are recognized from the following categories: 1) Arts, Entertainment, & Media 2) Business 3) Community Service 4) Politics 5) Science & Technology 6) Sports.

Rawlings specializes in the field of entertainment, corporate and fashion law. Rawlings is a member of Young Women Lawyers, Women Who Launch, Florida Association of Women Lawyers, and the Florida Bar Entertainment, Arts and Sports Law.

She is a graduate of Nova Southeastern University, Shepard Broad Law Center, Cum Laude (2010) and University of Florida, with a Bachelor of Science in Business Administration & Entrepreneurship Cum Laude (2007).

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Super Lawyer Magazine named Miami Attorney Aaron Resnick one of its 2011 Rising Stars.

Super Lawyers is a listing of outstanding lawyers from more than 70 practice areas who have attained a high degree of peer recognition and professional achievement. The magazine names exceptional attorneys annually in all 50 states and Washington, D.C. Super Lawyers uses a rigorous selection process that begins with peer nomination. Once attorneys are nominated they are then evaluated on 12 indicators of peer recognition and professional achievement through a third-party researcher.

The 'Super Lawyers' and 'Rising Stars' lists will appear in Florida Super Lawyers magazine which will be mailed to attorneys in Florida and the ABA-accredited law school libraries. The Florida Super Lawyers supplement will appear in The Wall Street Journal (Florida distribution) on Thursday, June 16, 2011. 'Super Lawyers' and 'Rising Stars' also appear on the Web at superlawyers.com.

Mr. Resnick's law practice concentrates on business and commercial matters, real estate law and litigation and sports and entertainment law. He has successfully represented a number of clients in commercial foreclosure matters and has a company that specializes in working with lenders on distressed assets.

His current practice also includes the personal representation of a number of current and former professional athletes in the National Football League, the National Basketball League and Major League Baseball, as well as members of the arts, fashion and entertainment world.

Continue reading "Miami Attorney Aaron Resnick Name Rising Star by Super Lawyer Magazine" »

Aaron Resnick was named as one of Florida Trend's Florida Legal Elite 2010 recognizing him as one of the top tier of attorneys practicing in Florida as chosen by his colleagues in the field of Commercial Litigation. Only 948 lawyers of the 64,000 lawyers in Florida received this distinction and by doing so received this exemplary endorsement from his peers. Resnick stated that "it is an honor to be recognized by my peers for this incredible award."

Continue reading "Miami Attorney Aaron Resnick Named to Florida Trend's Florida Legal Elite " »

Miami Foreclosure attorney Aaron Resnick invites you to watch the 60 Minute expose on foreclosure fraud here. http://www.cbsnews.com/video/watch/?id=7361572n&tag=contentMain;cbsCarousel

Enjoy.

Miami Foreclosure Attorney, Aaron Resnick, on recent lawsuit.

Federal Regulators just sued JPMorgan and RBS for lying to credit unions in offering documents for mortgage-backed securities. The offering documents that RBS and JPMorgan gave to investors, specifically credit unions, contained "untrue statements of material fact," or "omitted to state material facts" in violation of state and federal securities laws, says a new lawsuit filed against the firms by the National Credit Union Administration.
The NCUA seeks $565 million from RBS and $278 from JPMorgan.

Read more: http://www.businessinsider.com/federal-regulators-just-sued-jpmorgan-and-rbs-for-lying-to-investors-2011-6#ixzz1PrnH8JMt

Miami attorney, Aaron Resnick, managing partner of the boutique law firm, the Law Offices of Aaron Resnick, P.A. and founder of Faction Capital, www.factioncapital.com, was named one of the South Florida Business Journal's "40 under 40," the annual listing of South Florida's best and brightest leaders under the age of 40 based on professional success and community involvement. "I am incredibly flattered to have been recognized and included among such an impressive list of South Florida leaders," said Resnick. "Young leaders are a vital asset to our region and it's important to recognize and acknowledge those who are making great strides in shaping our society's future," said Melanie Dickinson, Publisher & President of the South Florida Business Journal.

Resnick's law practice concentrates on business and commercial matters, and sports and entertainment law. He has successfully represented a number of clients in commercial foreclosure matters and has a company that specializes in working with lenders on distressed assets. His current practice also includes the personal representation of a number of current and former professional athletes in the National Football League, the National Basketball League and Major League Baseball, as well as members of the arts, fashion and entertainment world.

Resnick, a graduate of Leadership Miami, is a leader in the Miami's legal and cultural arts scene. Resnick was awarded the "Shining Star" Award by the Arts & Business Council of Miami, Inc. This award each year honors the top Miami business professional supporting the arts and cultural community. Resnick was the founding chairperson of the Friends of the New World Symphony, and now serves permanently on its Executive Committee. He served on the executive committee for numerous young patron groups in South Florida including, but not limited to: Best Buddies of South Florida, Big Brothers Big Sister's Impact Circle, Art Crowd of the Bass Museum, the Green Room Society for the Center for Performing Arts, the Tropees of the Historical Museum of Southern Florida, the Jewish Legal Society of Miami, and the MOCA Shakers amongst others. He is a Regional Board Member of the Maccabi World Union and a member of the Ben Gurion Society of the Greater Miami Jewish Federation.

Currently, he is a member of the Silver Director's Circle for the Bass Museum, the Maestro's Circle for the Friends of the New World Symphony, and a Supporting Member of the Adrienne Arsht Center for the Performing Arts (and a member of the Green Room Society). Resnick is a board member of the Little Lighthouse Foundation, www.littlelighthouse.org, which is a Miami based charity that seeks, identifies and provides support to children and their families with health, educational, and financial challenges. Mr. Resnick received his Bachelors of Arts in Political Science with honors from Emory University and a Juris Doctor with honors from the University of Florida.

About the Law Offices of Aaron Resnick, P.A.

The Law Offices of Aaron Resnick, P.A. is a full service boutique law firm with offices in Miami, Boca Raton, Gainesville/Ocala, Jacksonville and New York City. For additional information, please go to www.thefirmmiami.com, or call 305.672.7495.

About Faction Capital

Faction Capital, LLC, www.factioncapital.com, is a private real estate consulting firm that deals with distressed assets and related products and properties. Faction Capital works with some of the most prominent real estate owners and developers from the private and public sectors, REITs and REOCs, leading financial institutions, foremost private equity funds, elite hedge funds, as well as insurance and pension funds.

About South Florida Business Journal 40 Under 40 Awards

The South Florida Business Journal each year selects its 40 Under 40 Award winners. These business leaders have all achieved impressive career success and contributed to their community before reaching age 40. This year's honorees were selected from hundreds of nominations. The judging criteria comprised nominees' positions within their companies, responsibilities, career accomplishments and community service. In addition to the SFBJ June issue print feature, the 2010 Class of 40 Under 40 will be honored with a luncheon Thursday, July 28 at Hyatt Regency Pier Sixty-Six, 2301 S.E. 17th Street, Ft. Lauderdale, FL 33316. The reception will be from 11:30 a.m. to 1:30 p.m. Individual tickets are $85 each and a table sponsorship (seats 10) is $950.

Miami Sports and Entertainment Lawyer comments on the recent trend of NFL players seeking High Interest Loans during the lockout.

As the NFL lockout enters yet another month, players from at least 16 teams have already sought out extremely aggressive short-term loans with high interest rates, ThePostGame.com has published.

These interest rates range from 18 percent to 24 percent, and upon default, they can rise as high as 36 percent.

"There are a lot of people out there pitching these things," said Aaron Resnick, Esq., who has advised players on such loans. "It's almost predatory lending. It's people going to guys who they know are already in debt, or don't have the ability to pay their bills during the year and [lending them money] at such obscene terms, that you say, 'Hey, no one would ever sign something like this.' But a lot of players are."

How many players actually need substantial funding at this moment?

"Having [$250,000 to $500,000] to spend or invest -- sure, it's a nice thing," he said. "But you can get taken advantage of, especially when you're talking about guys in their twenties. There's no handbook on how to handle yourself, so you learn some things along the way, and hopefully you don't lose too big."

And while there is the question of how many players actually have a need for the funds being secured, multiple sources tied to players have told ThePostGame.com there are already some players in dire financial need. And absent an influx of cash, they will find themselves in precarious financial situations.

Some players depend on teammates and other players to shore up any short-fall during the off-season. But because of new belt-tightening, player-to-player lending has dried up.

A spokesperson for the NFLPA declined comment on the high-risk loans players are securing. But at a time when the players are engaged in a financial war of attrition with the owners, the fact that players are already in need of funding -- after only one month of lockout negotiations -- appears troubling. And the longer the lockout drags on, the greater the percentage of players who will aggressively seek out needed revenue. And that aggressive pursuit could eventually have long-term consequences.

"What's going to happen here, and it's going to happen to a lot of people, is these guys who are getting loans aren't going to have the means to pay them back". "They're going to lose their homes. Their credit is going to be shot."

"It's unfortunate and not the way it should be, but it is the situation we find ourselves in."

Miami Sports and Entertainment Laywer comments on the recent Yahoo Sports Article: NFL Players may be disciplined for gaming investment

According to Resnick, at least 25 NFL players could be forced to divest and face discipline from the league in connection with an Alabama bingo and entertainment operation that is hoping to re-open late this month or in July. Resnick believes the players were victims in this matter and that they should not be punished while they try to rescind their agreements and get their investments back.

Under the NFL's rules barring an employee's association with any gaming operation, could be grounds for suspension, fines and even disbarrment. According to multiple sources associated with the players or the operation, the athletes in question invested approximately $20 million total in a project now known as Center Stage, approximately 10 miles south of Dothan. Boxer Floyd Mayweather was also an early investor and has legally sought a return of his money.

Interestingly, from an NFL standpoint, the league currently has no authority to discipline players while it's in the midst of an owners-initiated lockout. However, though the NFL has yet to contact financial advisor Jeff Rubin, who guided the players to the investment and is currently working to re-open the venture, a formal investigation and/or disciplinary action is possible once a new collective bargaining agreement is reached. Any move by the NFL to force the players to divest could make it tough for players to recoup their money.