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Features

The Case for the GC Image

The Case for the GC

Victoria Reese & Stephen W. Beard

In a time of increasing regulatory risk, global complexity and shareholder activism, the role of the corporate general counsel in the boardroom has never been more important. Yet, companies have been slow to recruit general counsels or seasoned attorneys to serve as independent directors.

Features

What's Mine Is Not Yours Image

What's Mine Is Not Yours

Todd Presnell & Kristi Wilcox Arth

An officer or director's company exit often feels like a divorce. Companies are quick to enforce non-compete agreements and protect trade secrets as the divorce unravels, but often do not consider protection of legal communications in which the officer or director participated.

Features

Rainmaker or Hostage Taker? Image

Rainmaker or Hostage Taker?

Richard Upton

Despite a surge in articles, blogs and white papers that focus on top trends in law firm business development and management, few have explored critical changes taking place within law firm management, particularly as they relate to the concept of the rainmaker.

Columns & Departments

IP News Image

IP News

Jeffrey S. Ginsberg & Wyatt Delfino

Federal Circuit Finds Internet Method Unpatentable Under <i>Alice</i><br>Federal Circuit: No Collateral Estoppel For Similar, But Unrelated, Patent

Features

Sirius XM Lawyers' Blunder in Pre-1972 Recordings Case Image

Sirius XM Lawyers' Blunder in Pre-1972 Recordings Case

Lisa Shuchman

Soon after swooping in to represent Sirius XM Radio in potentially industry-shaking copyright litigation, O'Melveny &amp; Myers suffered a nasty setback when a judge ruled that newly cited precedent trumpeted by the firm had been overruled 60 years ago.

Features

Electronic Health Records Image

Electronic Health Records

Linda S. Crawford

Patients who remain in an integrated Electronic Health Record (EHR) system benefit from better access to integrated medical information across specialties and locations. However, full benefits are not seen in all cases where such systems have been implemented.

Features

Are Franchisors 'Employers'? Image

Are Franchisors 'Employers'?

Glenn Plattner & Kristy A. Murphy

The franchise agreement almost always contains a clause specifying that the franchisee is an independent contractor and that the franchisor and franchisee are not intending to create an employment relationship. But a number of recent decisions from around the country have raised the question: Is a franchisee really an employee of the franchisor, despite the written disclaimer in the franchise agreement?

Features

The Enforceability of No-Waiver Provisions in Commercial Leases Image

The Enforceability of No-Waiver Provisions in Commercial Leases

Alexander Lycoyannis

When faced with the argument that it has violated its lease, a commercial tenant often takes the position that the landlord, by its conduct and/or inaction, has waived such alleged breach. Anticipating such arguments, commercial landlords frequently insert "no waiver" provisions into their leases.

Features

When Does 'Voluntary Payment' Preclude Recovery of Overcharges? Image

When Does 'Voluntary Payment' Preclude Recovery of Overcharges?

Stewart E. Sterk

When a tenant erroneously pays more rent than a lease requires, can the tenant recover the amount of the excess payments? Answering that question requires exploration of the perplexing voluntary payment doctrine, which continues to rear its head in New York cases.

Security Interests In Railcars Image

Security Interests In Railcars

Jennifer Wasylyk

The railcar leasing industry in Canada and throughout North America has seen remarkable growth in recent years. The aging and gradual failure of current fleets of railcars, the desire to implement newer technology and the introduction of regulations that require the replacement of tank cars or retrofitting means that railcar leasing activities will continue to increase in coming years. This article provides an overview of the process for registering security interests over railcars in Canada, which is similar in many respects to the process for registering railcar security interests with the Surface Transportation Board in the United States. We also outline several considerations of which to be mindful when registering security interests over railcars in Canada.

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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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