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ERISA Deference: No Exceptions Image

ERISA Deference: No Exceptions

Joseph Geoghegan & Dennis O. Brown

With its 2010 decision of <i>Conkright v. Frommert</i>, the Supreme Court has once again opted to resist a proposed carve-out to the general rule of deference to ERISA plan administrators &mdash; this time in situations where an administrator's first attempt to construe an ERISA plan has been held by the reviewing court to be unreasonable.

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Drug & Device News

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All the latest you need to know.

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Medical Malpractice Litigation and 'Never Events' Image

Medical Malpractice Litigation and 'Never Events'

John Ratkowitz & Robert Sanfilippo

In last month's issue, the authors discussed the concept of "Never Events": things that should never occur absent negligence in hospitals or other health care settings. The discussion concludes herein.

Features

The Basics of Pension Damages Image

The Basics of Pension Damages

Chad L. Staller & Brian Conley

Pension benefits can account for 50% or more of the damages in a wrongful death or injury matter. This article presents an overview of the basic types of pensions and some issues that arise in determining lost pension benefits.

Features

Transfer Fee Covenants in New York? Image

Transfer Fee Covenants in New York?

Stewart E. Sterk

It should not be surprising that in a weak real estate market, developers would seek new sources of revenue. One recent source has generated controversy across the country ' requiring buyers to agree, for themselves and their assigns, to pay a fee upon each resale of the property. These transfer fee covenants raise a number of practical problems, not the least of which is the underlying legal question: Are they enforceable?

Features

Alert: Employers Should Review Arbitration Agreements Image

Alert: Employers Should Review Arbitration Agreements

Steven W. Suflas & Isaac P. Hernandez

Employers should revisit and review the language of any arbitration agreements in light of a Guideline Memorandum (GC Memo) issued by Ronald Meisburg four days before stepping down from his post as General Counsel for the National Labor Relations Board (NLRB).

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Do's and Don'ts For Managing Your Restrictive Covenants In a Recovering Economy Image

Do's and Don'ts For Managing Your Restrictive Covenants In a Recovering Economy

Jonathan R. Cavalier

This article provides helpful "do's" and "don'ts" to be used in constructing and evaluating employees' noncompete, nonsolicitation and confidentiality agreements.

Features

But I Have a Prescription! Image

But I Have a Prescription!

Jeffrey Shapiro & Eric B. Martin

Two laws come into play in cases of employment discipline for medical marijuana use ' the Americans with Disabilities Act (ADA) and the law of the specific state where the employee works.

Features

Insurance Coverage in Consumer Class Actions Image

Insurance Coverage in Consumer Class Actions

Justin F. Lavella & John W. McGuinness

The requirements placed on corporate America as a result of increasingly labyrinthine consumer protection laws have created significant new potential liabilities, often in the form of statutorily mandated damages.

Features

Strategies for Allocating Long-Term Value in Fashion and Apparel License Agreements Image

Strategies for Allocating Long-Term Value in Fashion and Apparel License Agreements

Lois F. Herzeca

One of the most vexing economic issues in fashion and apparel licensing deals is the task of allocating the long-term value of a branded product launch.

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MOST POPULAR STORIES

  • 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.
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  • Private Equity Valuation: A Significant Decision
    Insiders (and others) in the private equity business are accustomed to seeing a good deal of discussion ' academic and trade ' on the question of the appropriate methods of valuing private equity positions and securities which are otherwise illiquid. An interesting recent decision in the Southern District has been brought to our attention. The case is <i>In Re Allied Capital Corp.</i>, CCH Fed. SEC L. Rep. 92411 (US DC, S.D.N.Y., Apr. 25, 2003). Judge Lynch's decision is well written, the Judge reviewing a motion to dismiss by a business development company, Allied Capital, against a strike suit claiming that Allied's method of valuing its portfolio failed adequately to account for i) conditions at the companies themselves and ii) market conditions. The complaint appears to be, as is often the case, slap dash, content to point out that Allied revalued some of its positions, marking them down for a variety of reasons, and the stock price went down - all this, in the view of plaintiff's counsel, amounting to violations of Rule 10b-5.
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