Law.com Subscribers SAVE 30%

Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.

Financial Restatement Due to Lease Misclassification Not Actionable Image

Financial Restatement Due to Lease Misclassification Not Actionable

Adam Schlagman

As internal control issues continue to emerge for public companies, one of the questions that a leasing or financial services company might likely be asking is what happens if we need to restate our earnings based on a misclassification of our leases as sales-type leases rather than operating leases. What would our exposure be?

Features

Trial Looms in Web Porn Law Fight Image

Trial Looms in Web Porn Law Fight

Shannon P. Duffy

A court battle over Congress' attempts to protect children from pornography on the Internet will soon be ripe for trial. After nearly 8 years of litigation challenging the constitutionality of the Child Online Protection Act (COPA) ' including two trips to the U.S. Supreme Court ' the plaintiffs have won a handful of significant rulings on key discovery disputes.

Features

Electronic Communications Policies Image

Electronic Communications Policies

Jonathan Bick

An Electronic Communications Policy (ECP) is an internal publication for employees outlining a firm's Internet, computer and electronic assets guidelines with the objective of minimizing business risks. Along with saving employees time, such publications can improve employee morale, prevent employee-management disagreements and even keep users out of court.

Features

Dealing with Insurers in Liquidation Image

Dealing with Insurers in Liquidation

Sherilyn Pastor

Insurer insolvency has become an increasingly significant concern. Since 1969, more than 400 property and casualty insurers have been placed in liquidation. The past 5 years have seen several larger commercial insurers go into liquidation, among them The Home Insurance Company and Reliance Insurance Company. Indeed, from just 2001 to 2003, Guaranty Associations paid approximately $5 billion in covered claims — more than half the $10 billion they had paid in the previous 31 years from their inception. This article addresses what creditors need to know when dealing with a financially troubled insurer.

Features

Internet Voting Waiting to Bloom Image

Internet Voting Waiting to Bloom

Shari Claire Lewis

Two years ago, the Pentagon was poised to have 100,000 members of the military stationed overseas vote in federal elections over the Internet. The government canceled the plan, however, after it grew concerned it would not be possible to prevent hackers from affecting the results, that it could not examine the privately owned proprietary software that was to be used, and that there would not be a database of those who voted that it could check after the election. Nonetheless, online voting seems to be slowly gaining in popularity.

Commentary: Viewing Law Blogs As a Vast Amicus Brief Image

Commentary: Viewing Law Blogs As a Vast Amicus Brief

Howard J. Bashman

Given the continued proliferation of law-related Weblogs, including blogs written by law professors and attorneys with expertise in various substantive areas of the law, one frequently finds on the Internet a robust and insightful discussion of cases pending before the courts for resolution. What should judges do if, while visiting the legal blogosphere, they encounter discussions about how pending cases ought to be decided?

California Tax Update Image

California Tax Update

Nancy A. Geary

There may be gold in them California hills. But there's a price to be paid when panning for it. It has become clear that leasing companies need to exercise particular vigilance when operating in the Golden State.

The Anonymous Lawyer Goes Pro Bloggo Publico Image

The Anonymous Lawyer Goes Pro Bloggo Publico

Samuel Fineman

A recent Harvard law graduate, first-time author and cause c'l'bre Jeremy Blachman is riding high, but not, as one might expect, as a highly sought U.S. Supreme Court clerk or caffeine-addled associate at a premiere New York law firm. Blachman eschewed the law in favor of a purely creative pursuit: writing an anonymous blog (eponymously known as the 'Anonymous Lawyer' at www.anonymouslawyer.blogspot.com) detailing the fictionalized travails of a narcissistic partner in a big firm who makes The Devil Wears Prada boss Miranda Priestly look like Mr. Bean. Following a feature article in The New York Times, Blachman's notoriety skyrocketed. Apropos of his blogging cynosure, Blachman participated in the following colloquy with IL&S Editor-in-Chief, Sam Fineman, strictly through e-mail so as not to curtail billable possibilities. Blachman reflects on his book, his life and blogdom.

Features

Seventh Circuit Finds 'Floating' Forum Selection Clauses Valid Image

Seventh Circuit Finds 'Floating' Forum Selection Clauses Valid

Vincent T. Borst

The sale of individual equipment leases from one equipment lessor to another, or entire portfolios of equipment leases, is common practice in the United States. One component that parties interested in purchasing equipment leases or portfolios of equipment leases desire in the equipment lease contract is a choice of forum clause that provides the flexibility for the purchasing party to initiate litigation in its own home state. However, the enforceability of forum selection clauses providing for one or more appropriate forums has been the question of some debate both in the federal and state courts. Recently, the Seventh Circuit Court of Appeals issued an opinion coming down squarely in favor of the enforceability of such forum selection clauses.

Counsel Concerns Image

Counsel Concerns

ALM Staff & Law Journal Newsletters

Malpractice Claims and Estoppel.

Need Help?

  1. Prefer an IP authenticated environment? Request a transition or call 800-756-8993.
  2. Need other assistance? email Customer Service or call 1-877-256-2472.

MOST POPULAR STORIES

  • Bankruptcy Sales: Finding a Diamond In the Rough
    There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
    Read More ›
  • Compliance Officers and Law Enforcement: Friends or Foes?
    <b><i>Part Two of a Two-Part Article</b></i><p>As we saw in Part One, regulators have recently shown a tendency to focus on compliance officers who they deem to have failed to ensure that the compliance and anti-money laundering (AML) programs that they oversee adequately prevented corporate wrongdoing, and there are several indications that regulators will continue to target compliance officers in 2018 in actions focused on Bank Secrecy Act/AML compliance.
    Read More ›