The United States Court of Appeals for the Third Circuit recently decided a sexual harassment case that has consequences for nearly every employer, regardless of industry. This decision serves as an important reminder for all employers regarding the reporting and proper handling of discrimination and harassment complaints.
National rulings you need to know.
Recent rulings of interest to your practice.
Last August, the U.S. Department of Justice (DOJ) and UBS AG (UBS) ' the world's largest manager of wealth and Switzerland's biggest bank ' narrowly avoided a long-awaited showdown in federal court in Miami, FL. At stake were the U.S. interest in enforcing its criminal tax laws and Switzerland's interest in enforcing its storied bank secrecy laws.
This article examines the little-known and infrequently granted remedy of expungement in federal courts.
This article addresses what lawyers can do when they find themselves faced with a request for their files from receivers ostensibly standing in the shoes of their former clients but who, in fact, are working hand in hand with the SEC investigating the former client.
Who's doing what; who's going where.
Emergence from bankruptcy presents a series of challenges for debtor companies, their creditors and counsel for all interested parties. One of the most significant challenges is financial reporting.
Due to a number of forces, most importantly the global recession and the resulting global macroeconomic conditions, creditor committees are now having difficulty in finding their role in many Chapter 11 cases. Many factors, including rapid declines in asset values, means that many secured lenders find themselves holding loans that are vastly under-collateralized.
To the surprise of many, when General Growth Properties Inc. ("GGP") commenced a Chapter 11 proceeding in April 2009, it caused 166 solvent bankruptcy remote entities that were current on all their indebtedness (the "General Growth SPEs") that each owned a single mall property to also file Chapter 11 petitions.
