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Same-Sex Marriage Developments
In October, state comptroller Alan G. Hevesi issued the first official opinion from the government of New York concerning the state's recognition of the foreign marriages of gay partners with regard to a concrete right to state benefits. In a letter to a state employee who had asked what his partner's state benefits would be if they got married in Canada, Hevesi wrote that the employee's spouse would be entitled to state pension funds in the same manner that a traditional, opposite-sex spouse would be. New York State already allows state employees to name same-sex partners as beneficiaries of their pension funds, but Hevesi's decision means same-sex spouses will have rights that they might not have if their partners did not voluntarily name them as pension beneficiaries. In addition, same-sex spouses will be entitled to cost-of-living increases and accidental death benefits.
Decision Not Surprising
Bankruptcy Sales: Finding a Diamond In the Rough
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
Judge Rules Shaquille O'Neal Will Face Securities Lawsuit for Promotion, Sale of NFTs
A federal district court in Miami, FL, has ruled that former National Basketball Association star Shaquille O'Neal will have to face a lawsuit over his promotion of unregistered securities in the form of cryptocurrency tokens and that he was a "seller" of these unregistered securities.
Why So Many Great Lawyers Stink at Business Development and What Law Firms Are Doing About It
Why is it that those who are best skilled at advocating for others are ill-equipped at advocating for their own skills and what to do about it?
Blockchain Domains: New Developments for Brand Owners
Blockchain domain names offer decentralized alternatives to traditional DNS-based domain names, promising enhanced security, privacy and censorship resistance. However, these benefits come with significant challenges, particularly for brand owners seeking to protect their trademarks in these new digital spaces.
Coverage Issues Stemming from Dry Cleaner Contamination Suits
In recent years, there has been a growing number of dry cleaners claiming to be "organic," "green," or "eco-friendly." While that may be true with respect to some, many dry cleaners continue to use a cleaning method involving the use of a solvent called perchloroethylene, commonly known as perc. And, there seems to be an increasing number of lawsuits stemming from environmental problems associated with historic dry cleaning operations utilizing this chemical.