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e-Discovery and U.S.Privacy Laws
July 30, 2012
U.S. data privacy laws pose complex issues for corporations, especially in the context of e-discovery. Here's what you need to know.
Raising the Bridge v. Lowering the Water: Expense Management and Its Relation to Cost Recovery
July 30, 2012
What many firms fail to take advantage of is the fact that, by focusing on the recovery of costs where applicable, they can accomplish more to help their bottom line than most cost reduction exercises.
Digital Music Provider Can Operate During Court Dispute
July 30, 2012
Like most 'legit' digital music services, MediaNet has yet to make a cent in profit. In fact, MediaNet offers a fascinating example of the recording industry's struggles to adapt to the digital age.
Will Your Firm Pass a Stress Test?
July 30, 2012
An annual stress test can evaluate the critical areas of firm governance, financial reporting, risk management, fiduciary practices and financial health. Monitoring these factors can help a law firm prepare to weather both internal and external threats.
Courts in NY, TN Rule on Impact of Federal Copyright Law on Pre-1972 Recordings
July 30, 2012
How federal copyright law may affect state common law copyrights in sound recordings has long been a priority concern for record labels. Two courts recently rendered decisions on this issue.
Tax Developments for Film Companies
July 30, 2012
For the last several years, the largest source of "soft money" for film financing has been U.S. state tax credits, but within the past year the Internal Revenue Service issued a Chief Counsel Advice that threatened the viability of this vital source of financing by holding that the receipt of the proceeds from the sale of state tax credits is immediately taxable.
PDF Proficiency at Your Law Firm
July 30, 2012
This article hopes to shed some more light on how law firms of all sizes and complexities can make better use of this Adobe technology they probably already have.
Technology Assisted Review: Much More Than Predictive Coding
July 30, 2012
in the context of today's advanced technological world, TAR is about using a combination of technology and people to speed, improve and sometimes automate elements of the legal review process in a way that reduces costs and improves quality.
Taking on the Costs of Legal Research
July 30, 2012
Although many cost reducers have entered the arena in recent years to beat down the monthly cost of renting information, several challenges remain to the firm. One is to understand which features and contract terms are the real drivers of costs; the other is to evaluate and then select alternatives. Both of these require analysis that takes knowledge and time. This article and others to follow will help IT management learn what to look for.
Components of a Truthful Complaint
July 30, 2012
If you've represented companies for any length of time, you've received internal complaints about a variety of workplace wrongdoings. How can you tell if the complaints are true?

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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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    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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