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Business Crimes Hotline Image

Business Crimes Hotline

ALM Staff & Law Journal Newsletters

Recent national rulings of importance.

Features

Federal Courts Adopt Narrow Constructions of Sarbanes-Oxley Legislation Image

Federal Courts Adopt Narrow Constructions of Sarbanes-Oxley Legislation

Robert S. Reder & Matthew A. Thiel

Complex and systemic, the current financial crisis is nearly certain to yield extensive legislation regulating everything from the financial markets to mortgage brokers to ratings agencies. Any such legislation may raise interpretive issues similar to those that have arisen in recent Federal Court decisions interpreting section 304 and section 1514A(a)(1) of the sweeping Sarbanes-Oxley Act of 2002 ("SOX").

Features

The Perils of Immunity in the Era of Globalization Image

The Perils of Immunity in the Era of Globalization

Ronald H. Levine

Twenty years ago, a defense attorney might have sighed with relief to hear an Assistant U.S. Attorney (AUSA) say that a client was only a "witness," or would not be prosecuted, or would be immunized in return for truthful cooperation in the government's investigation. These days, not so fast.

Rule 502 Image

Rule 502

Joseph F. Savage, Jr., Jennifer L. Chunias & Marcy D. Smirnoff

While Rule 502 is limited to agreements among parties "in a Federal proceeding," what about a non-waiver agreement between a company and the government during an investigation, when the company is not a party to any proceeding? This question and more are discussed in this article.

Food Safety in the U.S. Image

Food Safety in the U.S.

Laura Owens

As food recalls over the past year have flourished, the public, the media, the government, industry, farms, and organic gardeners have acknowledged the need for effective and enforceable measures of food safety in the United States.

Features

Federal Rule of Evidence 502 Image

Federal Rule of Evidence 502

Cynthia K. Courtney & Edgar B. Hatrick

The first part of this article summarized the law of inadvertent waiver of privilege and the evolution of courts' approaches to this problem. The conclusion offers a roadmap for the product liability practitioner to navigate the opportunities and challenges presented by Rule 502, and illustrates how to protect a client's privileged communications in a cost-conscious way.

On the Move Image

On the Move

ALM Staff & Law Journal Newsletters

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

Business Incentives and Property Taxes in Bankruptcy Image

Business Incentives and Property Taxes in Bankruptcy

Jerome M. Schwartzman & Gregory C. Burkart

Bankruptcy is a dark cloud on a company's business. However, business incentives and property taxes can be a silver lining by bringing precious value ' such as property tax abatements, sale/use tax exemptions and, in some instances, favorable financing and utility rate reductions ' to help the company on its road to economic recovery.

The Impact of the Credit Crisis on DIP Financing Image

The Impact of the Credit Crisis on DIP Financing

Michael H. Torkin & Danielle B. Kalish

Prior to the global credit pandemic, a company in default or that faced a near-term covenant breach could either obtain relief through waivers and amendments, or refinancings. As the availability of credit shrank, the latter choice was no longer a viable solution. Moreover, a by-product of the frozen credit markets was the unexpected contraction of available debtor-in-possession financing (DIP financing).

Features

File for Chapter 11, Get the First Month's Rent Free? Image

File for Chapter 11, Get the First Month's Rent Free?

Yitzhak Greenberg

Two recent court opinions challenge the growing consensus that 11 U.S.C. ' 365(d)(3) (the "Statute," or "Section 365(d)(3)") does not require the timely payment of stub rent, which is "the rent for the interim period between the day the order for relief was entered in the bankruptcy case and the end of that month." This article offers an analysis.

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