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The Coming Honest-Services Storm
Not since 1987, when the Supreme Court issued its bombshell decision in McNally v. United States, 483 U.S. 350 (1987), has the honest-services mail fraud doctrine received as much attention as in recent months. In addition to the continuing drumbeat of high-profile federal prosecutions in district courts ' from lobbyist Jack Abramoff to former Governor Rod Blagojevic of Illinois to powerhouse New York state senator Joe Bruno ' the Supreme Court will hear three cases this term involving the controversial doctrine. When the dust settles, it is possible that one of prosecutors' favorite weapons will have been sharply restricted or taken away.
A Bit of History
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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.
Removing Restrictive Covenants In New York
In Rockwell v. Despart, the New York Supreme Court, Third Department, recently revisited a recurring question: When may a landowner seek judicial removal of a covenant restricting use of her land?
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.