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Contours of Bribery Analyzed By Second Circuit In Bank Corruption Case Image

Contours of Bribery Analyzed By Second Circuit In Bank Corruption Case

Elkan Abramowitz & Jonathan Sack

This article analyzes the Second Circuit's decision, which rejected the defense's arguments for narrowing the definition of "corruptly" and a "thing of value" in the context of Section 215(a)(2).

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Can Anti-SLAPP Motion Denials Be Immediately Appealed? Image

Can Anti-SLAPP Motion Denials Be Immediately Appealed?

Avalon Zoppo

In a move of keen interest to the entertainment industry, the full U.S. Court of Appeals for the Ninth Circuit has agreed to review whether a judge's denial of a motion to strike a California Strategic Lawsuits Against Public Participation suit can be immediately appealed by the defendant who claims the case was brought solely to chill its speech.

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DE Bankruptcy Court Decision Provides Reminder of Potential Consequences of Violating the Automatic Stay Image

DE Bankruptcy Court Decision Provides Reminder of Potential Consequences of Violating the Automatic Stay

Mark E. Felger & Simon E. Fraser

An opinion from the U.S. Bankruptcy Court for the District of Delaware provides a reminder of the potentially severe punishment that a party can suffer as a result of its violation of the automatic stay of Section 362 of the Bankruptcy Code, even if the debtor does not suffer any actual damages as a result of the violation.

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White Box vs. Black Box Compensation Systems Image

White Box vs. Black Box Compensation Systems

J. Mark Santiago

Having a compensation system that clearly outlines partner expectations, provides the partners with the ability to validate the results by communicating the results back to them does more to build collegiality than an opaque system that, by its design, promotes distrust and ill will among partners.

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Navigating Legal Real Estate Issues in the Cannabis Industry Image

Navigating Legal Real Estate Issues in the Cannabis Industry

Andy Sick

This article explores just a few of the major legal opportunities and pitfalls associated with real estate in the cannabis industry, shedding light on some of the potential complexities and issues that businesses and investors may face.

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The Case for Partnering with a Financial Advisor Image

The Case for Partnering with a Financial Advisor

Bryce Sanders

Unless you carry the correct licenses, it makes sense to develop a relationship with several financial advisors and refer business from time to time.

Features

Could Mass Tort Bankruptcies Fall Apart in 2024? Image

Could Mass Tort Bankruptcies Fall Apart in 2024?

Amanda Bronstad

Mass tort bankruptcies took some big hits in 2023, with two of them dismissed outright, and two more potentially hanging in the balance.

Features

SEC Revises Beneficial Ownership Reporting Rules Image

SEC Revises Beneficial Ownership Reporting Rules

Sarah Heaton Concannon & Alexander Schwartz

This article identifies certain information asymmetries in the SEC's beneficial ownership reporting rules, discusses the extent to which those information asymmetries are addressed (or not) under the SEC's recent rule amendments, and considers whether additional rule amendments or SEC guidance continue to be necessary.

Features

All the News That's Fit to Pinch: NYT v. OpenAI Could Be Most Troublesome of AI Copyright Cases Image

All the News That's Fit to Pinch: NYT v. OpenAI Could Be Most Troublesome of AI Copyright Cases

Jonathan Moskin & Rachel Pauley

The emerging cases by authors and copyright owners challenging various generative AI programs for using copyrighted materials are certain to create new troubles for the courts being asked to apply the fair use doctrine to this important new technology.

Features

Interest Rates Are 2024's Biggest Unknown Image

Interest Rates Are 2024's Biggest Unknown

Courtney Fingar

The Federal Reserve stands at a pivotal juncture as it deliberates on its interest rate policy for 2024. In the wake of tumultuous economic shifts brought about by the pandemic, the Fed faces the delicate task of balancing robust economic recovery against inflationary pressures that appear to be subsiding.

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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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  • 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.
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