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Innocent Business Partner's Fraud Liability Survives Bankruptcy Image

Innocent Business Partner's Fraud Liability Survives Bankruptcy

Michael L. Cook

The decision by the Supreme Court has practical significance for corporate officers and others in an agency or partnership relationship, and also may have serious consequences for corporate Chapter 11 debtors whenever a "domestic governmental unit" is a creditor.

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Help! My Clients Want My Firm to Start Using ChatGPT! Image

Help! My Clients Want My Firm to Start Using ChatGPT!

By Dan Felz, Wim Nauwelaerts, Paul Greaves & Josh Fox

Part One of a Two-Part Article Corporate legal departments are increasingly receiving requests from business clients to use ChatGPT or similar AI-powered tools in their operations. These requests can be urgent, with business clients demanding enablement from legal. This article is in two parts: Part One briefly details what "generative AI" tools like ChatGPT are and provides an overview of key legal considerations, including by looking forward to upcoming AI-specific legislation in the EU and the U.S.

Features

Prejudgment Attachment of Assets Allowed By DE Bankruptcy Court Image

Prejudgment Attachment of Assets Allowed By DE Bankruptcy Court

Andrew C. Kassner & Joseph N. Argentina Jr.

Are there exceptions to the general rule against prejudgment attachment that may allow a plaintiff to obtain injunctive relief against a defendant freezing the defendant's assets prior to the outcome of the litigation? This issue was recently considered by the U.S. Bankruptcy Court for the District of Delaware.

Features

What to Expect from the Next Era In White-Collar Enforcement Image

What to Expect from the Next Era In White-Collar Enforcement

Walt Brown, Melinda Haag, Joshua Hill & JiLon Li

In February 2023, in a significant update to its corporate criminal enforcement policies and procedures, the DOJ announced a voluntary self-disclosure policy applicable in all U.S. Attorney's Offices nationwide. This article discusses the DOJ's recent pronouncements and recent cases with an eye toward identifying trends that companies should keep in mind when preparing for the next enforcement era.

Features

Rule 10b-5 Liability: The Supreme Court and 'Janus' Image

Rule 10b-5 Liability: The Supreme Court and 'Janus'

Anthony Michael Sabino

Part One of a Three-Part Article This three-part series discusses the Second Circuit's recent Securities law landmark case, S.E.C. v. Rio Tinto. However, in order to discuss Rio Tinto, it is important to first understand the Supreme Court landmark cases upon which Rio Tinto is based: Janus Capital Group, Inc. v. First Derivative Trader and S.E.C v. Lorenzo. Janus is discussed here in the first installment.

Features

Investing In Practice Management Can Pay Off for Partners, Talent and Clients Image

Investing In Practice Management Can Pay Off for Partners, Talent and Clients

By Mark Masson, Ed Estrada & Jay Russell

While the practice leaders, partners and lawyers in a practice know their clients best, they focus most of their time and energy on being legal experts. This is where practice, operations, and firm-level leadership need to provide focus, process and resources to help their legal experts deliver their unique value to clients.

Features

The Role of Third-Party Releases In Successful Chapter 11 Reorganizations Image

The Role of Third-Party Releases In Successful Chapter 11 Reorganizations

By John J. Rapisardi & Jacob T. Beiswenger

Part One of a Two-Part Article This two-part article will examine the role of third-party releases in successful Chapter 11 reorganizations. This part will address the factors considered in each Circuit where such releases have been deemed permissible within the confines of the Bankruptcy Code, evaluate several recent cases highlighting the uncertainty created by the current Circuit split, and consider options for creating a clear, nationwide standard.

Features

Securities Litigation In 2023 Showing Continued Muscle Flexing from the SEC Image

Securities Litigation In 2023 Showing Continued Muscle Flexing from the SEC

Jay A. Dubow, Joanna J. Cline & Kaitlin L. O'Donnell

Newer trends — such as environmental, social, and governance (ESG), cybersecurity-related disclosure violations, and cryptocurrency regulation — are likely to provide further fuel for securities litigation and enforcement.

Features

Legal Industry 'Ripe for Disruption' Image

Legal Industry 'Ripe for Disruption'

Cassandre Coyer & Justin Henry

While the law firm model has historically rewarded inefficiencies, recent trends show that model is reaching its expiration date.

Features

Hourly Billing in FTX Bankruptcy Already At Historically High Level Image

Hourly Billing in FTX Bankruptcy Already At Historically High Level

Ellen Bardash

Attorneys and consultants involved in the FTX bankruptcy have asked the District of Delaware bankruptcy court to approve billed hours and expenses totaling just under $37 million for the first six weeks of Chapter 11 proceedings.

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