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Leaning on Trusted Partners to Drive Legal Tech Adoption and Avoid Failed Implementation
December 01, 2022
Turning to familiar, trusted partners to help navigate the unruly waters of change management, adoption and an ocean of new legal technology options.
Texas App. Court's Ruling in Suit By Band Member's Lawyer
December 01, 2022
A.B. Quintanilla III, founding member and leader of the Latin music group Kumbia Kings, prevailed on appeal in a dispute with a Texas attorney who claimed Quintanilla conspired to cut the lawyer out of his alleged share of a settlement.
FTX Bankruptcy Sends Tremors Through Crypto Regulation
December 01, 2022
The sudden and spectacular crash of crypto-exchange FTX will send long-lasting tremors through both the nation's financial regulatory and bankruptcy landscapes.
Attorneys Can Have Their (Hybrid) Cake and Eat It, Too
December 01, 2022
Lawyers, especially young lawyers, want to work from home. But there are downsides, such as a decrease in networking and personal relationships. How can technology help balance these out so that attorneys and law firms can have their cake and eat it too.
Legal Malpractice Suit Involving Celebrity Memorabilia Can Proceed
December 01, 2022
A New York appeals court rejected a Manhattan boutique law firm's attempt to dismiss a malpractice action against it, finding that questions remained as to whether the statute of limitations for the claim was tolled and if the firm received sufficient notice about a bankruptcy that prevented its client from collecting a judgment.
Another Appellate Court Vacates A Bankruptcy Court Contempt Judgment
December 01, 2022
The Southern District of New York vacated a bankruptcy court's judgment holding a debtor's business competitor "in contempt for violation of the [Bankruptcy Code's] automatic stay … and assessing sanctions" of $19.2 million.
How Attorneys Can Have Their (Hybrid) Cake and Eat It, Too
December 01, 2022
No one would have predicted hybrid operations — but hybrid is here to stay. Firms have a lot to gain in terms of creating a new culture that attorneys love but that new culture will be built on flexibility and dynamism only technology can manage.
Questions About Fox Corp. CLO Bar Licensing
December 01, 2022
The chief legal officer of Fox Corp. since 2018 didn't become licensed in California until this summer, a delay one law professor described as a "big screw up" that might expose his communications with fellow Fox executives to public disclosure in the multibillion-dollar defamation litigation brought by two voting companies.
Online Harassment In the Workplace
December 01, 2022
As businesses expand their use of augmented reality games for the purpose of meeting and recruitment, internet harassment has become more prominent, particularly workplace sexual harassment.
What Can We Learn from the FTX Bankruptcy?
December 01, 2022
The sudden and spectacular crash of crypto-exchange FTX will send long-lasting tremors through both the nation's financial regulatory and bankruptcy landscapes.

MOST POPULAR STORIES

  • Private Equity Valuation: A Significant Decision
    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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