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Office Market Recovery Brings Opportunity Image

Office Market Recovery Brings Opportunity

Leslie Shaver

The office market weathered a pandemic-fueled revolution last year, but both owners and tenants responded with impressive adaptability and endurance. Those things bode quite well for the sector's recovery.

Features

Maintaining Attorney-Client Privilege and Work Product Protections over Forensic Reports in Light of 'Wengui v. Clark Hill' Image

Maintaining Attorney-Client Privilege and Work Product Protections over Forensic Reports in Light of 'Wengui v. Clark Hill'

Kim Peretti, Jon Knight, & Emily Poole

The Clark Hill opinion is notable because not only does it follow a string of recent opinions that have found data breach forensic reports not to be entitled to work product protection, it also goes one step further to find that a data breach forensic report is not protected by attorney-client privilege.

Features

California Court of Appeal Rules on Formerly Licensed Attorney Who Continued as Talent Manager Image

California Court of Appeal Rules on Formerly Licensed Attorney Who Continued as Talent Manager

Stan Soocher

Conflict of interest is a red-flag concern when an attorney becomes a talent manager. But what happens when a formerly licensed attorney continues to provide management services for talent?

Features

Foreclosure Statute of Limitations Image

Foreclosure Statute of Limitations

Stewart E. Sterk

In a set of foreclosure cases decided in late February, the Court of Appeals resolved some of the questions that have plagued New York's court system in the aftermath of last decade's mortgage crisis.

Features

No Delay for Weinstein Victims Trust Plan Image

No Delay for Weinstein Victims Trust Plan

Ellen Bardash

A U.S. District Court Judge for the District of Delaware judge ruled not to grant a motion that would have stayed a liquidation plan setting aside $17 million to settle with those who have claimed sexual misconduct by former film industry executive Harvey Weinstein.

Features

Just Say No: Discovery In Chapter 15 Bankruptcies Is Asymmetrical Image

Just Say No: Discovery In Chapter 15 Bankruptcies Is Asymmetrical

Daniel Coyle

Chapter 15 specifically allows foreign representatives to conduct discovery in the U.S., but be wary of other entities that seek to distract and/or delay the Foreign Representative from the asset search.

Features

10 Tips for Navigating the Commercial Tenant Bankruptcy Process Image

10 Tips for Navigating the Commercial Tenant Bankruptcy Process

Stephanie C. Lieb & Alexander Zesch

Retail, entertainment and hospitality have been hit particularly hard by government-mandated COVID-19 shutdowns. For many, the road ahead will end in, or lead through, bankruptcy. Bankruptcy law has a language of its own, making it challenging to navigate the process for everyone involved, including for the landlords of bankrupt businesses worried about missing rent payments.

Features

Federal Public Corruption Prosecutions Image

Federal Public Corruption Prosecutions

Elkan Abramowitz & Jonathan S. Sack

This article describes pending federal prosecutions, which level corruption charges against high-level officials, considers how the theories of prosecution in these cases might be viewed in light of court decisions in other public corruption cases, and concludes with some observations about the outer limits of federal public corruption prosecutions.

Features

Say What? Are PTAB Judges Really 'Inferior Officers'? Image

Say What? Are PTAB Judges Really 'Inferior Officers'?

Ben Clark

United States v. Arthrex, Inc. Proving that even the driest of constitutional issues can have significant practical effect, the U.S. Supreme Court recently heard argument in United States v. Arthrex. Before the Court was whether administrative judges of the PTAB have been appointed unconstitutionally.

Features

Foreclosure Statute of Limitations Image

Foreclosure Statute of Limitations

Stewart E. Sterk

In a set of foreclosure cases decided in late February, the Court of Appeals resolved some of the questions that have plagued New York's court system in the aftermath of last decade's mortgage crisis.

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    “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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    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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