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As 2017 came to a close, the American Bar Association opened the next chapter in cybersecurity awareness with the release of the second edition of its ABA Cybersecurity Handbook: A Resource for Attorneys, Law Firms and Business Professionals. The new edition comes nearly five years since the first edition made its rounds.
Following the 2012 formation of the ABA Cybersecurity Legal Task Force, the first edition of the handbook was a brave move to enlighten both attorneys and law firms to cyber risk, and the evolving interpretation of professional obligations to protect clients' confidentiality as the playing field moved from physical records to easily pilfered electronic documents. At the time, the FBI advised law firms about shoring up cyber defenses, as criminals considered law firms “the soft underbelly of American cyber security.”
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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.
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.
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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.