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Some Formerly in Foster Care May Now Return to the System
Children in foster care in New York usually “age out” of the system when they turn 18 years old. Prior to their 18th birthdays, these minors are permitted by law to choose to remain in foster care until their 21st birthdays, allowing them extra time to grow up and, hopefully, become better educated and/or self-supporting before they leave the system. Historically, if a person in foster care failed to make such an election before his or her 18th birthday, there was no provision for second thoughts.
This worked a hardship on many children in foster care who, like their contemporaries in average families, might brashly have hurried to declare their independence as soon as possible, only to discover that it is not always easy being a young person alone in the world. But, whereas children in traditional families can often simply show up at Mom and Dad's door asking for their old rooms back, foster-care children had no such fall-back opportunities. The door was shut. And, as was stated in an Assembly memo explaining the need for changes to the legislation, for children who age out of the foster-care system too young, so-called “independent living” may end up being more like “falling off a precipice.”
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.