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Movers & Shakers
Jeff Moody has been named the new executive director and CEO of The Subway Franchisee Advertising Fund Trust ('SFAFT'), while SFAFT continues to try to resolve a lawsuit it filed in June 2006 against Doctor's Associates Inc. ('DAI'), the franchisor of Subway. SFAFT filed the lawsuit in Ansonia-New Haven Superior Court in Connecticut to block Subway CEO Fred DeLuca and DAI from allegedly violating the terms of the SFAFT Trust Agreement by 'improperly attempting to usurp control of the national advertising program from the franchisee-elected Trustees, to whom DAI gave complete stewardship of the program in the 1990 Trust Agreement,' according to a press statement at the time.
'Now we're just sitting back, letting the court figure it out,' said SFAFT spokesman Mack Bridenbaker. 'SFAFT and Subway are working together ' our current advertising programs to support the franchises are continuing ' and we expect Jeff Moody to strengthen that relationship.'
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.
Law Firms are Reducing Redundant Real Estate by Bringing Support Services Back to the Office
A trend analysis of the benefits and challenges of bringing back administrative, word processing and billing services to law offices.
Bit Parts
Summary Judgment Denied Defendant in Declaratory Action by Producer of To Kill a Mockingbird Broadway Play Seeking Amateur Theatrical Rights
Risks of “Baseball Arbitration” in Resolving Real Estate Disputes
“Baseball arbitration” refers to the process used in Major League Baseball in which if an eligible player's representative and the club ownership cannot reach a compensation agreement through negotiation, each party enters a final submission and during a formal hearing each side — player and management — presents its case and then the designated panel of arbitrators chooses one of the salary bids with no other result being allowed. This method has become increasingly popular even beyond the sport of baseball.
Disconnect Between In-House and Outside Counsel
'Disconnect Between In-House and Outside Counsel is a continuation of the discussion of client expectations and the disconnect that often occurs. And although the outside attorneys should be pursuing how inside-counsel actually think, inside counsel should make an effort to impart this information without waiting to be asked.