Where a creditor retains a professional to advance a particular position in a Chapter 11 case whose efforts result in the making of a substantial contribution to the case, such creditor can potentially get reimbursed for all of its out-of-pocket expenses, including for reasonable compensation for professional services rendered.
As shown in this article, some lower courts have inconsistently enforced the safe harbor provisions in the preference and fraudulent transfer context, generating costly litigation for the asserted cause of creditor recovery.
About eight years ago, Washington, DC, bankruptcy lawyer Greg Bufithis semi-retired and began participating in large document review projects. After a few, he realized that there was no centralized source for temporary attorneys to learn about these opportunities. Ever the entrepreneur, he created one.
Coming into 2010, it has become clear that, for law firms, not only is electronic billing here to stay, but adoption by corporate clients will continue to accelerate.
While open source operating systems may not be prevalent in the consumer computer market, the concept has successfully spread to other nooks and crannies of technology. Open source software powers servers all over the Internet, including routers.
Corporations are increasingly taking more control of the e-discovery process, particularly in the early stage of information management, launching an evolution in the roles IT professionals and corporate attorneys play. Consequently, IT and legal must participate in a carefully choreographed dance in order to respond successfully to ESI requests.
$2M File-Sharing Damage Drastically Reduced
A Boston software developer is suing the now-defunct social media site ConnectU, its founders, its law firm, Washington-based Finnegan, Henderson, Farabow, Garrett & Dunner, and Scott Mosko, a Palo Alto, CA, partner at the firm, for allegedly cutting him out of Facebook's $65 million settlement with ConnectU's founders.
A federal appeals court has reinstated an antitrust suit alleging price fixing by Sony BMG Music Entertainment and other producers, licensors and distributors of music on the Internet.
On the one hand, companies want to capture the attention of potential customers roaming the social media space. On the other hand, conversations in the blogosphere are largely uncontrollable, and raise a myriad of risks. Social media can cause serious losses if not handled correctly.
