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The State of Supreme Court Jurisprudence On Public Corruption
U.S. Senator Bob Menendez's trial for bribery, fraud and corruption-related offenses could become yet another opportunity for the U.S. Supreme Court to further narrow federal anti‑corruption law. Indeed, in the past decade, each time the Supreme Court has taken certiorari in a public corruption case, the court has reversed trial convictions and limited the types of conduct that constitute a federal bribery offense.
This trend started with the court's unanimous decision in McDonnell v. United States, 579 U.S. 550 (2016). Bob McDonnell, the former governor of Virginia, accepted $175,000 in benefits from an executive officer of a nutritional supplement researching company. The company's motive in giving this money to McDonnell was to encourage him to set up a meeting with decision makers at the University of Virginia, a public university, to convince the University to approve research related to its supplement. McDonnell was charged and convicted of honest services fraud and extortion under color of official right under 18 U.S.C. §§1349 and 1951, respectively.
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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.
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.