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Counsel Concerns Image

Counsel Concerns

Entertainment Law & Finance Staff

Malpractice Claims Filed Against Loeb & Loeb and Of Counsel Over King Fury 2 Film Production King, Holmes, Paterno & Soriano Sued for Malpractice Over Representation of Sublime Band

Features

White Collar Crime and Professional Liability Policies Image

White Collar Crime and Professional Liability Policies

Andrew N. Bourne

Professional liability insurance policies may provide coverage for criminal proceedings, including defense costs incurred defending against criminal indictments. Corporate policyholders, and individuals covered under professional liability policies, should know exactly what type of claims are insured.

Features

Malpractice Claim Over Prince Tracks Is Governed by Massachusetts Law Image

Malpractice Claim Over Prince Tracks Is Governed by Massachusetts Law

Colleen Murphy

The Mass. Appeals Court ruled that a legal malpractice claim brought by representatives of the iconic musician Prince's estate against an attorney and his firm is governed by Massachusetts, not Minnesota, law.

Features

Tips to Minimize Malpractice Claims Image

Tips to Minimize Malpractice Claims

Michael R. McAndrew

So long as humans are practicing law, mistakes will happen; but well prepared attorneys are proactive and take the affirmative steps to put themselves in a position to minimize the danger to the client and the case.

Features

Appellate Courts Split On Bankruptcy Ownership of Malpractice Claims Image

Appellate Courts Split On Bankruptcy Ownership of Malpractice Claims

Michael L. Cook

Judicial hair-splitting, when applying state law to federal bankruptcy cases, creates only uncertainty.

Features

Assigning Claim Value Image

Assigning Claim Value

J. Randolph Evans & Shari L. Klevens

<b><I>Lawyers Must Weigh Potential Liability</I></b><p>This article outlines some of the issues relevant to a determination of whether an attorney's inaccurate valuation could create potential malpractice liability.

Features

<b><i>BREAKING NEWS</b></i> <br> Chicago's Johnson & Bell First U.S. Firm Publicly Named in Data Security Class Action Image

<b><i>BREAKING NEWS</b></i> <br> Chicago's Johnson & Bell First U.S. Firm Publicly Named in Data Security Class Action

Roy Strom

In the first public data security class action complaint against a U.S. law firm, Chicago-based Johnson & Bell was named in a lawsuit that says the firm failed to protect confidential client information.

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MOST POPULAR STORIES

  • 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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