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Texas Asbestos Reform: The New Quantitative Standard
Asbestos litigation has a storied history in this country. Many companies, large and small, have been forced into bankruptcy or have had nearly all their resources drained by years of asbestos litigation. For the last two decades, plaintiffs have been able to achieve large awards, either through verdicts or settlements, based on questionable injuries, minimal proof, and vague evidence. Although some attorneys are predicting that the large number of cases is starting to diminish because American companies generally stopped using most asbestos products in the 1970s, the caseload for many companies remains large.
Because of the devastating impact asbestos litigation has had on U.S. companies, courts and legislatures have finally begun to retake control of asbestos litigation. On June 8, 2007, the Texas Supreme Court issued its opinion in Borg-Warner Corporation v. Flores, marking the latest step in Texas' transition away from easy asbestos verdicts for plaintiffs. Borg-Warner Corp. v. Flores, 2007 WL 1650574 (Tex. June 8, 2007) ('Flores'). Flores is only the latest in a number of legislative actions and court decisions aimed at reforming Texas' asbestos litigation.
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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.
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.
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?
A Lawyer's System for Active Reading
Active reading comprises many daily tasks lawyers engage in, including highlighting, annotating, note taking, comparing and searching texts. It demands more than flipping or turning pages.