Business Law Section

The Business Law Section furthers the knowledge of its members in the law of the Uniform Commercial Code, banking law, corporate law, partnership law, matters of debtor and creditor relations, and litigation practice related to such law.

Chair
Egerton, McAfee, Armistead &...
P. O. Box 2047
Knoxville, TN 37901-2047
(865)546-0500
Immediate Past Chair
Bass, Berry & Sims PLC
150 Third Ave. S., Suite 2800
Nashville, TN 37201
(615)742-6237

VW Settlement Gets Preliminary Court Approval

A federal judge gave preliminary approval today to a sweeping settlement between Volkswagen, U.S. regulators and owners of VW diesels who will receive thousands of dollars in compensation, the Tennessean reports. Judge Charles Breyer with the U.S. District Court for the Northern District of California, set the settlement in motion, allowing the automaker to begin collecting information from 475,000 consumers who bought cars that were rigged to cheat emissions standards. Final approval of the settlement could come at a hearing set for Oct. 18. .

read more »

Judge Rules Bitcoin Not Money, Tosses Laundering Case

A Miami judge has found that bitcoin is not the same as money and therefore tossed criminal charges against a man accused of selling $1,500 worth of the virtual currency to undercover agents. The case is believed to be the first money-laundering prosecution involving bitcoin and was “closely watched in tech, financial and legal circles,” according to the Miami Herald. Nashville lawyer Kathryn Edge wrote about bitcoin in the August 2014 issue of the Tennessee Bar Journal. She says the decision may prompt lawmakers to figure out how to regulate bitcoin and similar means of exchange. The ABA Journal has a synopsis.

read more »