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Ninth Circuit Finds That 1111(b) Deemed-Recourse Rights Do Not Survive Foreclosure Of Underlying Property Image

Ninth Circuit Finds That 1111(b) Deemed-Recourse Rights Do Not Survive Foreclosure Of Underlying Property

Craig S. Ganz & Michael A. DiGiacomo

The Ninth Circuit recently announced in <I>Mastan v. Salamon (In re Salamon</I>) that a secured creditor with a nonrecourse mortgage cannot assert a claim for any deficiency if the underlying property is foreclosed on during the bankruptcy case. Here's an analysis of the decision.

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Equipment Lessors and Bankruptcy Image

Equipment Lessors and Bankruptcy

Michael A. Brandess & Jonathan Friedland

Much has been written about the risk that a transaction denominated and documented as an equipment "lease" may be recharacterized a security interest. Equipment lessors seem to understand. Interestingly, equipment lessors commonly seem to not understand all of the rights and remedies they have in the absence of recharacterization. So, what's a true equipment lessor to do in the face of the Chapter 11 of its lessee?

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Supreme Court Draws Crucial Distinction In Landmark Patent Exhaustion Decision Image

Supreme Court Draws Crucial Distinction In Landmark Patent Exhaustion Decision

Robin L. McGrath

The Supreme Court's decision in <i>Impression Products v. Lexmark</i> is the latest Supreme Court ruling to eviscerate years-long, patentee-friendly Federal Circuit precedent.

Features

Do Your Employment Practices Violate Antitrust Law? Image

Do Your Employment Practices Violate Antitrust Law?

Robert G. Brody & Alexander Friedman

This article provides critical background on DOJ policy and practice, and highlights some of the steps corporate counsel can take during leniency or plea negotiations to secure non-prosecution protection for the company's employees as part of any antitrust corporate disposition.

Features

Preet Bharara Highlighted Insurance Fraud Image

Preet Bharara Highlighted Insurance Fraud

Evan H. Krinick

Over nearly eight years as U.S. Attorney for the Southern District of New York, Preet Bharara became recognized as a powerful prosecutor in many areas, including government corruption and white-collar crime. Another subject for which he certainly deserves mention is his strong record helping to fight insurance fraud in New York.

Columns & Departments

In the Courts Image

In the Courts

Monique Agnes O. Ladeji

Recently, the Ninth Circuit set aside the convictions of Walter Liew, a Chinese-American engineer, for witness tampering and making false statements to the court. Here's an in-depth look at the case.

Features

New York City Bans Employers' Inquiries into Salary History Image

New York City Bans Employers' Inquiries into Salary History

Jeffrey S. Klein & Nicholas J. Pappas

This article reviews recent developments in the law governing employer inquiries into and reliance on the compensation history of prospective employees — and analyze the New York City ordinance within this greater context.

Features

Transactions Triggering the 35 USC §102 On-Sale Bar Image

Transactions Triggering the 35 USC §102 On-Sale Bar

Pinar Bailey

Despite leaving unresolved the ambiguity about the effect of secret sales under §102, the <i>Helsinn</i> ruling offers clues to practitioners seeking to avoid the on-sale bar.

Features

POCs and the FDCPA: A License to File Image

POCs and the FDCPA: A License to File

Chris Hawkins & Karlene Archer

Buyers and servicers of "stale," or time-barred, debt have been watching the bankruptcy and appellate courts closely of late, as court after court has ruled on whether a key component of their recovery strategy -- seeking payment related to such time-barred debts by filing proofs of claim in bankruptcy --€” violates the Fair Debt Collections Practices Act (FDCPA).

Features

Ransomware in Review: 8 Prevention and Response Tips for Your Organization Image

Ransomware in Review: 8 Prevention and Response Tips for Your Organization

Ian Lopez

Electronic data is defining the business world, and with its benefits come many threats. Here's how experts think organizations should protect against ransomware.

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