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Development Image

Development

Expert analysis of two key cases.

Features

Preparing for New Crowdfunding Regulations Image

Preparing for New Crowdfunding Regulations

Katayun I. Jaffari & Kimberly W. Klayman

On May 16, Regulation Crowdfunding came into effect. Regulation Crowdfunding is applicable to crowdfunding offerings conducted in reliance on Section 4(a)(6) of the Securities Act of 1933, as amended.This article summarizes the practical terms of the crowdfunding rules.

Features

Municipal Silence Leads to Successful Fair Housing Act Claim Image

Municipal Silence Leads to Successful Fair Housing Act Claim

Stewart E. Sterk

What inferences can be drawn from the silence of municipal officials who vote to reject a request to rezone property to provide housing for the disabled? In <I>Step By Step, Inc. v. City of Ogdensburg </I>, a federal district court inferred discriminatory intent, and ordered the City Council to approve the rezoning request.

Case Notes Image

Case Notes

Analysis and discussion of three pivotal rulings.

Features

Traits of Future Equity Partners Image

Traits of Future Equity Partners

Kris Butler

In the last 10 years, the author has coached hundreds of associates. Some left law entirely, others have gone in-house or to work for the government, Many have become non-equity partners, and some are equity partners. Here is a look at the ones who aim for partnership in a large firm.

Features

Ethnicity-Based 'Economic Loss' Testimony Unconstitutional Image

Ethnicity-Based 'Economic Loss' Testimony Unconstitutional

Michael Hoenig

Two years ago, a bombshell decision issued in the Eastern District of New York by Judge Jack B. Weinstein held that it is unconstitutional to use ethnicity-based statistics to calculate future economic loss in a tort case. <I>G.M.M. v. Kimpson</I>, 2015 U.S. Dist. LEXIS 99715 (E.D.N.Y. July 30, 2013).,

The SEC Whistleblower Program Image

The SEC Whistleblower Program

Stephanie Korenman & Aegis J. Frumento

Last month, in Part One of this article, the authors examined the overall structure, operation and experience of the SEC's Whistleblower program over the first five years of its operation. In Part Two herein, they take a closer look at how the Office of the Whistleblower (OWB) processes Whistleblower claims.

Features

New York's Additional Insured Form Endorsement Image

New York's Additional Insured Form Endorsement

Jason L. Shaw

Now, more than ever, lawyers drafting or reviewing contracts providing for additional insured liability coverage must closely review the underlying insurance policies providing such coverage.

Features

Enjoining Actions Against Non-Debtors Image

Enjoining Actions Against Non-Debtors

Todd L. Padnos & Matt Klinger

A recent decision by the Seventh Circuit, appears to change the playing field in debtors' favor. <I>In re Caesars Entm't Operating Co</I> established a two-part test that appears far more favorable to debtors than the previous standards applied to such injunctions.

Features

Editor's Note Image

Editor's Note

Editor's NoteDear Readers: It is with the deepest regret that we must inform you that this issue of The Insurance Coverage Law Bulletin will be the last.…

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    At the Oscars in March, Best Actress winner Frances McDormand made “inclusion rider” go viral. But Kalpana Kotagal, a partner at Cohen Milstein Sellers &amp; Toll had already worked for months to write the language for such provisions. Kotagal was developing legal language for contract provisions that Hollywood's elite could use to require studios and other partners to employ diverse workers on set.
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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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