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Foreign Corrupt Practices Act Presents New Risk for Franchisors Image

Foreign Corrupt Practices Act Presents New Risk for Franchisors

Kevin Adler

No U.S. franchisor has faced an action brought against it under the Foreign Corrupt Practices Act, a 35-year-old law that prohibits U.S. firms and individuals from bribing foreign government officials. But that is just a matter of time.

Movers & Shakers Image

Movers & Shakers

ALM Staff & Law Journal Newsletters

Who's doing what; who's going where.

Features

The Pathology of Failed Law Firms Image

The Pathology of Failed Law Firms

Stephen M. 'Pete' Peterson

A few of the problems that faced Dewey & LeBoeuf were unique, while others were not. Nor is Dewey alone; more than 10 large and prominent firms have failed in the past decade. This article focuses on the pathology of failed law firms.

The Effect of the Pension Protection Act of 2006 ' 408(b)(2) Image

The Effect of the Pension Protection Act of 2006 ' 408(b)(2)

Charles B. Blanton, Jr.

With the effective date (July 1, 2012) upon us, the uproar surrounding the new disclosure regulations affecting retirement plans is beginning to gain momentum as the definitive question continues to be asked: Will the Pension Protection Act's § 408(b)(2) be a much-needed addition to the process surrounding opening the veil to plan expenses or will it simply cause further damage to an already weak overall retirement solution for millions of Americans?

Taxes 101 for New Law Firm Owners Image

Taxes 101 for New Law Firm Owners

Amy Petersen

This article addresses the key items a newly promoted law firm owner should know regarding his or her changed individual tax situation.

<b><i>Online Extra:</i> Client Audits: A Prelude to Growth and Profits</b> Image

<b><i>Online Extra:</i> Client Audits: A Prelude to Growth and Profits</b>

Bruce D. Heintz & Gary R. Garrett

Client audits have proven to be a valuable tool in support of a law firm's strategic plan and related client relationship expansion efforts.

Features

<B><i>Online Extra:<b></i> Doing Well By Doing Good: Law Firm Social Responsibility</b> Image

<B><i>Online Extra:<b></i> Doing Well By Doing Good: Law Firm Social Responsibility</b>

Janet Ellen Raasch

Corporations increasingly subscribe to the principle of corporate social responsibility. CSR is based on the belief that a demonstration of concern for the environment, human rights, community development and the welfare of their employees can make a corporation more profitable. And if not more profitable, at least a better place to work.

Features

<b><i>Online Extra:</i> A Baker's Dozen of the Top (Mostly Free) Useful Web Tools</b> Image

<b><i>Online Extra:</i> A Baker's Dozen of the Top (Mostly Free) Useful Web Tools</b>

Nicholas Gaffney

I've written in the past about free Web tools, and unsurprisingly, Google continues to top the charts. Sometimes, however, you want tools that are more comprehensive and can be tailored to your needs.

<B><i>Online Extra:</b></i> Doing Well By Doing Good: Law Firm Social Responsibility Image

<B><i>Online Extra:</b></i> Doing Well By Doing Good: Law Firm Social Responsibility

Janet Ellen Raasch

Corporations increasingly subscribe to the principle of corporate social responsibility. CSR is based on the belief that a demonstration of concern for the environment, human rights, community development and the welfare of their employees can make a corporation more profitable. And if not more profitable, at least a better place to work.

<b><i>Online Extra:</b></i> A Baker's Dozen of the Top (Mostly Free) Useful Web Tools Image

<b><i>Online Extra:</b></i> A Baker's Dozen of the Top (Mostly Free) Useful Web Tools

ALM Staff & Law Journal Newsletters

I've written in the past about free Web tools, and unsurprisingly, Google continues to top the charts. Sometimes, however, you want tools that are more comprehensive and can be tailored to your needs.

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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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    At the Oscars in March, Best Actress winner Frances McDormand made “inclusion rider” go viral. But Kalpana Kotagal, a partner at Cohen Milstein Sellers &amp; Toll had already worked for months to write the language for such provisions. Kotagal was developing legal language for contract provisions that Hollywood's elite could use to require studios and other partners to employ diverse workers on set.
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