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Now It's Personal: Intangible Asset Mismanagement Liability
When an aspiring writer pens “The prophets of financial cataclysms” in the not too distant future, some now-household names will grace the table of contents. Nouriel Roubini, an economist nicknamed “Dr. Doom,” has earned his place in this book for writing in 2006 that ” ' the United States was likely to face a once-in-a-lifetime housing bust, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession.” Harry M. Markopolos, a securities fraud investigator, earned his place for repeatedly tipping off the U.S. Securities and Exchange Commission since 1999 that it was not legally possible for Bernard Madoff to deliver the returns he'd claimed to deliver. Cathy L. Reese ' maybe you haven't heard of her yet. Allow me to share.
Cathy L. Reese is a principal in the Delaware office of Fish & Richardson P.C., where she heads the firm's corporate and Chancery litigation practice. Readers of this newsletter no doubt appreciate that these courts render judgment on the conduct of directors and officers of Delaware corporations, especially their fiduciary obligations to shareholders. Since 70% of U.S. public companies are formed under Delaware law, decisions arising from these courts receive wide attention.
New York's Latest Cybersecurity Commitment
On Aug. 9, 2023, Gov. Kathy Hochul introduced New York's inaugural comprehensive cybersecurity strategy. In sum, the plan aims to update government networks, bolster county-level digital defenses, and regulate critical infrastructure.
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.