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The Seventh Circuit's decision in <i>Paloian v. LaSalle Bank, N.A. (In re Doctors Hospital of Hyde Park Inc.)</i> sheds some new and perhaps disturbing light on the use of special purpose entity structures in corporate finance and also has implications for attorneys who deliver opinions to support transactions involving SPEs.
Features
For lawyers struggling to cut costs and boost efficiency, Internet-based data storage and client service has been a popular alternative. But those who have their heads in the clouds when it comes to client confidentiality concerns may get a wake-up call by the American Bar Association.
Features
A Massachusetts state court judge has ruled that a Boston software developer's case against defunct social media site ConnectU Inc. and its founders and key shareholders, including the Winklevoss twins, can move forward. Also, the Winklevosses' have taken their bid to undo their Facebook settlement to the Supreme Court.
Highlights of the latest insurance cases from around the country.
Myriad Internet-related violations of both criminal and civil statutes are not prosecuted because their novelty requires excessive effort by the moving party. When cases of Internet bad acts are brought to court, the prosecution tends to be unsuccessful. Rather than pursuing traditional criminal or civil actions that are based on a specific act, the use of nuisance-law injunctions that are based on generally objectionable behavior may be a better alternative.
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Illinois Governor Patrick Quinn signed the "Main Street Fairness Act" into law, making Illinois one of a growing number of states seeking to collect sales tax revenues from a retail market traditionally beyond their reach ' the world of online commerce ' by focusing on the role of local online marketing affiliates.
Features
Economic data often seems like the weather ' fickle and hard to predict, or rely on. But raw revenue data doesn't lie, and according to U.S. Census Bureau, overall preliminary estimated retail spending and e-commerce sales in the first quarter of this year reached record high.
As many e-commerce entrepreneurs know, video is a public reputation tool whose time has come ' and the time is right now.
Features
Myriad Internet-related violations of criminal and civil statutes are not prosecuted because their novelty requires the moving party to exert excessive effort. The truth is that when cases of Internet bad acts are brought to court, the prosecution tends to be unsuccessful. Rather than pursuing traditional criminal or civil action, each of which would be based on a specific act, the use of nuisance-law injunctions may be a better alternative in responding to Internet bad acts, because such injunctions are based on generally objectionable behavior.
