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Features

Seventh Circuit Bars Bad Faith Asset Buyer Protection Image

Seventh Circuit Bars Bad Faith Asset Buyer Protection

Michael L. Cook

"Good-faith purchasers enjoy strong protection under [Bankruptcy Code] §363(m)," but the silent asset buyer ("B") with "actual and constructive knowledge of a competing interest" lacks "good faith," held the U.S. Court of Appeals for the Seventh Circuit.

Features

Climate Change Risk and Disclosure: A New Focus for SEC Enforcement Image

Climate Change Risk and Disclosure: A New Focus for SEC Enforcement

Jacqueline C. Wolff

Given the massive amount of dollars being poured into ESG funds and the SEC's renewed focus on both the funds and the companies in the funds, there is no time like the present for companies to engage in an assessment of their climate risks and how these risks and the status of the companies' ESG goals are being relayed to investors.

Features

Commercial Real Estate Market Sees Shift Toward 'Densification' As Firms Look Long Term Image

Commercial Real Estate Market Sees Shift Toward 'Densification' As Firms Look Long Term

Jessie Yount

Real estate executives say the construction of the office of the future is well underway within the legal industry, despite a dip in leasing activity at the beginning of the year. However, there is a shift toward "densification," as firms take advantage of favorable market conditions and make longer-term commitments.

Features

Supreme Court Addresses Municipal Sign Regulations, Again Image

Supreme Court Addresses Municipal Sign Regulations, Again

Steven M. Silverberg

In 2015, the U.S. Supreme Court applied strict scrutiny to a sign regulation as it related to directional signs placed by a local congregation that held services at different locations each week. The Court took another look at the issue of strict scrutiny relating to "off-premises" signs in the case of City of Austin, Texas v. Reagan National Advertising , in which the majority concluded that strict scrutiny should not apply to determining whether the off-premises sign regulations at issue violated the First Amendment.

Columns & Departments

Players On the Move Image

Players On the Move

ELF Staff

A look at moves among attorneys, law firms, companies and other players in entertainment law.

Features

The Stenography Shortage Is Impacting Client Service: What's the Future of Court Reporting? Image

The Stenography Shortage Is Impacting Client Service: What's the Future of Court Reporting?

Dean Whalen

In the court reporting market, technology has matured to match or exceed stenography's stronghold on speed and accuracy and, as such, is poised to disrupt the market.

Features

With Federal Bankruptcy Courts Unavailable, Marijuana Businesses Turn to State Options Image

With Federal Bankruptcy Courts Unavailable, Marijuana Businesses Turn to State Options

David E. Sklar & Cheryl A. Santaniello 

Federal bankruptcy courts have been unavailable to marijuana businesses due to the Schedule I status of marijuana. The United States Trustee's policy is to move to dismiss or object in each case involving marijuana assets, because they cannot be administered under the Bankruptcy Code.

Features

Commercial Real Estate Market Optimistic Image

Commercial Real Estate Market Optimistic

Paul Bergeron

The commercial real estate industry is having little trouble shrugging off today's challenging economic situations and its optimism is brewing with recent pandemic restrictions being lifted, according to a state of the market survey from DLA Piper.

Columns & Departments

Bit Parts Image

Bit Parts

Stan Soocher

"Artistic Relevance" Test Applied to NFTs Vape Musical Found to Be Copyright Fair-Use Parody of Grease

Features

Why Focusing on Client Experience Is Critical and How to Get Started Image

Why Focusing on Client Experience Is Critical and How to Get Started

Kristen Dallman

In this marketplace, one thing is abundantly clear: To remain competitive, you must adapt. So how can you adapt in a way that meets the increased expectations of today's client? Focus on client experience.

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MOST POPULAR STORIES

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    Insiders (and others) in the private equity business are accustomed to seeing a good deal of discussion ' academic and trade ' on the question of the appropriate methods of valuing private equity positions and securities which are otherwise illiquid. An interesting recent decision in the Southern District has been brought to our attention. The case is <i>In Re Allied Capital Corp.</i>, CCH Fed. SEC L. Rep. 92411 (US DC, S.D.N.Y., Apr. 25, 2003). Judge Lynch's decision is well written, the Judge reviewing a motion to dismiss by a business development company, Allied Capital, against a strike suit claiming that Allied's method of valuing its portfolio failed adequately to account for i) conditions at the companies themselves and ii) market conditions. The complaint appears to be, as is often the case, slap dash, content to point out that Allied revalued some of its positions, marking them down for a variety of reasons, and the stock price went down - all this, in the view of plaintiff's counsel, amounting to violations of Rule 10b-5.
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