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Features

Recent Court Rulings on 'Embedding' Foreshadow Split In Circuits Image

Recent Court Rulings on 'Embedding' Foreshadow Split In Circuits

Tamerlin Godley and Kiaura Clark

When and how can someone else's visual content be displayed on a website without the website operator running afoul of copyright law? When and how can someone else display the website operator's visual content? A recent ruling on a popular practice at the center of these issues for entertainment and media companies may upend the current paradigm.

Features

Consultants Lose Bid for Percentage of Record Label Image

Consultants Lose Bid for Percentage of Record Label

Greg Land

A successful Atlanta-based hip-hop and R&B label beat back the efforts of a Los Angeles consulting firm to lay claim to hundreds of thousands of dollars and a large chunk of the company itself, when a jury declared that the record company owed the consultants less than $3,500.

Columns & Departments

Fresh Filings Image

Fresh Filings

ljnstaff

Notable court filings in entertainment law.

Features

Update On Bankruptcy Appellate Practice: Part One — Appellate Standing Image

Update On Bankruptcy Appellate Practice: Part One — Appellate Standing

Michael L. Cook

Recent cases show that appellate courts continue to wrestle with standing, jurisdiction, mootness, excusable neglect and finality, among other things. The following overview, in a series of installments, shows what the courts have been addressing during just the past three years. This first installment will cover appellate standing.

Features

Guidance on Distributions As 'Disbursements' and U.S. Trustee Fees Image

Guidance on Distributions As 'Disbursements' and U.S. Trustee Fees

Francis J. Lawall & Marcy J. McLaughlin Smith

In a recent case from the Bankruptcy Court for the District of Delaware, In re Paragon Offshore PLC, the bankruptcy court provided guidance on whether a post-plan effective date litigation trust's distributions constituted disbursements subject to the U.S. Trustee fee "tax."

Features

Pros and Cons of Master Leases Image

Pros and Cons of Master Leases

Peter E. Fisch & Salvatore Gogliormella

Section 365 of the Bankruptcy Code grants debtors the ability to assume or reject any executory contract or unexpired lease. Debtors must assume or reject a lease in its entirety and are not free under Section 365 to assume only favorable provisions of a lease. Courts, however, have consistently held that they will not find a multi-property master lease to be a unitary lease merely because such properties are demised in a single document.

Features

SCOTUS Passes on Bankruptcy Law Cases, Leaving Circuit Court Splits Image

SCOTUS Passes on Bankruptcy Law Cases, Leaving Circuit Court Splits

Corinne Ball

'Purdue Pharma' Looms Although four cases presenting important bankruptcy issues were teed up for the Supreme Court's consideration this term, the Court denied certiorari for each. Each of these petitions involve splits among the circuit courts of appeals, influencing choice of venue and the extent to which bankruptcy decisions are subject to meaningful appeal.

Features

Pleading Alter Ego Liability In Commercial Lease Disputes Image

Pleading Alter Ego Liability In Commercial Lease Disputes

Efrem Z. Fischer & Edward E. Klein

The COVID-19 pandemic has challenged commercial landlords to rely on various legal theories to protect their legitimate rights. As federal, state and local governments enact laws to protect tenants from evictions and/or the enforcement of personal lease guarantees, a landlord's counsel must seek avenues to press its clients' rights against any entity who may be liable for outstanding rent arrears due and owing under a commercial lease.

Features

State Attorneys General Issue Support for Bankruptcy Venue Reform Legislation Image

State Attorneys General Issue Support for Bankruptcy Venue Reform Legislation

P.J. D'Annunzio

Attorneys general from 41 states, along with Puerto Rico and Guam, have issued a statement in support of legislation before Congress geared toward stopping corporations from venue-shopping bankruptcy cases.

Features

Implications of Second Circuit Ruling on Fugitive Disentitlement Image

Implications of Second Circuit Ruling on Fugitive Disentitlement

Elkan Abramowitz & Jonathan S. Sack

Historically, the "fugitive disentitlement" doctrine has foreclosed challenges to criminal charges by a defendant who does not physically submit to a U.S. court's jurisdiction. As a consequence, to make even threshold challenges to an indictment, a defendant who lives abroad must leave home, waive the right to oppose extradition, and risk pre-trial detention in the United States.

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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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