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Toyota Recalls Crisis Update
The BP Oil Spill and ensuing hearings shifted Congressional attention away from the Toyota Recalls and the draft legislation that would have imposed severe new regulatory requirements and potential penalties on automakers. That reprieve and then an election resulting in a lame-duck Congress stalled a last-ditch effort to enact a compromise bill before the new Congress assumed office and Republicans took control of House Committees and agendas.
Except for the severe penalties and some recall decision-making requirements contained in the proposed “Motor Vehicle Safety Act of 2010″ and outlined in a previous article about the Toyota recalls crisis, the reality is that the National Highway Traffic Safety Administration (NHTSA) is moving forward anyway within its existing rulemaking authority to adopt many of the requirements that were in the House and Senate bills. See “The Toyota Recall Crisis: More Than a Re-TREAD,” LJN's Product Liability Law and Strategy, Vol. 29, No. 2, August 2010.
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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.
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.