Market Value for Property Tax Purposes in a Recessionary Market
February 24, 2010
A market value analysis for property tax purposes differs significantly from a market value analysis for other business purposes, such as financing or acquisitions. When deciding whether to file a property tax appeal and pursue the negotiation of a settlement and/or trial of your appeal, it is essential to understand this crucial difference in valuation methodology.
Second Circuit: 502(d) Does Not Apply to Administrative Claims
February 23, 2010
In <i>ASM Capital, LP v. Ames Department Stores, Inc.</i> the Second Circuit Court of Appeals (the "Second Circuit") held that ' 502(d) of the Bankruptcy Code, which disallows claims until the claimant has returned all voidable preferential payments and other voidable transfers from the debtor's estate, does not apply to disallow administrative claims under 503(b).
Substantial Contribution Claims
February 23, 2010
Where a creditor retains a professional to advance a particular position in a Chapter 11 case whose efforts result in the making of a substantial contribution to the case, such creditor can potentially get reimbursed for all of its out-of-pocket expenses, including for reasonable compensation for professional services rendered.
Defending the Preference and Fraudulent Transfer Safe Harbor
February 23, 2010
As shown in this article, some lower courts have inconsistently enforced the safe harbor provisions in the preference and fraudulent transfer context, generating costly litigation for the asserted cause of creditor recovery.
The Enigmatic Posse List
January 29, 2010
About eight years ago, Washington, DC, bankruptcy lawyer Greg Bufithis semi-retired and began participating in large document review projects. After a few, he realized that there was no centralized source for temporary attorneys to learn about these opportunities. Ever the entrepreneur, he created one.
Open Source Routers
January 29, 2010
While open source operating systems may not be prevalent in the consumer computer market, the concept has successfully spread to other nooks and crannies of technology. Open source software powers servers all over the Internet, including routers.
IT's Importance in Proper ESI Management
January 29, 2010
Corporations are increasingly taking more control of the e-discovery process, particularly in the early stage of information management, launching an evolution in the roles IT professionals and corporate attorneys play. Consequently, IT and legal must participate in a carefully choreographed dance in order to respond successfully to ESI requests.
Net News
January 29, 2010
$2M File-Sharing Damage Drastically Reduced
ConnectU Sued for Slice of $65M Facebook Deal
January 29, 2010
A Boston software developer is suing the now-defunct social media site ConnectU, its founders, its law firm, Washington-based Finnegan, Henderson, Farabow, Garrett & Dunner, and Scott Mosko, a Palo Alto, CA, partner at the firm, for allegedly cutting him out of Facebook's $65 million settlement with ConnectU's founders.
