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NY Bill Would Allow Juror Substitutions After Start of Deliberations
A bill that would grant New York's civil courts the discretion to retain alternate jurors on the panel through deliberations cleared the State's Assembly Judiciary Committee on June 5. The bill, A10376/Sbb58-A, was submitted at the urging of Chief Administrative Judge A. Gail Prudenti's Advisory Committee on Civil Practice in an effort to put a stop to one source of judicial and litigant resource waste. A bill justification memo explained: “In cases of several weeks' duration, classically commercial, medical malpractice or products liability cases, a mistrial results in a tremendous waste of time and money for the litigants, the attorneys, and the Court, and frustration for the remaining jurors who have served throughout a prolonged trial in an effort to render a verdict.”
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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.
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