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Getting Ahead of the Legal Curve
January 31, 2007
When societal trends arise, new laws and regulations are sure to follow. Franchises have a choice of making changes as the trends evolve, or waiting until lawmakers and, perhaps, courts force their hands.
Survey Data: What They Tell Us; What They Don't
January 31, 2007
We can think of no form of information that cannot be misused ' either deliberately by the manipulative, or inadvertently by the inept. Survey data are no exception. As psychologists, it is with some reluctance that we offer commentary on the relative merits of different standards for the admissibility of expert testimony, but our experiences in different states have heightened our awareness of how different standards affect the admissibility of testimony offered by psychologists in child custody litigation.
Effects of <i>Hernandez</i> Reach Beyond New York
January 31, 2007
The New York Court of Appeals' July, 2006 ruling in <i>Hernandez v. Robles</i> has had implications beyond its core holding that same-sex couples may not marry in New York ' and beyond New York. Courts from Washington to Nebraska to Massachusetts have cited Hernandez to support their decisions to narrow or restrict the rights of gays to marry.
International Arbitration Award Overturned Under California Law
January 31, 2007
California caught the attention of international franchisors and franchisees who have arbitration clauses in their franchise agreements in the recently filed opinion in <i>Gueyffier v. Ann Summers, Ltd.</i> ___ Cal.App.4th ___, 2006 WL ___ (2d Dist. Oct. 26, 2006). The decision held that an arbitrator exceeded his authority when he ignored provisions in a franchise agreement that limited the circumstances under which he was permitted to find the franchisor in breach.
Multi-Millionaire Attorney's Child Support Slashed
January 31, 2007
The shadow of high-profile attorney Willie Gary's wealth hovers over the lengthy appeal recently filed by the mother of his twins, whose $336,000 annual child support payments were slashed in 2005 to a mere $60,000 a year ' plus tuition for the twins' private school ' by a Georgia Superior Court.
Hague International Child Abduction Cases
January 31, 2007
A major debate is under way as to the future of the 'grave risk of harm defense' in Hague Convention international child abduction cases. The move is spearheaded by those who believe that the Hague Convention discriminates against expatriate mothers who are victims of domestic violence and who return to their countries of origin with their children.
Court of Appeals Upholds Recording of MERS Mortgages
January 31, 2007
In <i>Matter of Merscorp, Inc. v. Romaine</i>, decided last month, the Court of Appeals resolved the long-standing dispute between the Suffolk County Clerk's office and participants in an electronic mortgage registration consortium. In one of the first opinions by recently appointed Judge Eugene Pigott, the court held that the County Clerk is required to accept for recording mortgages and satisfactions in the name of MERS (Mortgage Electronic Registration Systems, Inc.) even though MERS itself holds no interest in those mortgages.
Index
January 31, 2007
A complete list of the cases included in this issue.
Getting Published: The Foundation For Business Development
January 31, 2007
Business development in the legal community is a science, but it requires the creativity of an artist. That artistry can be demonstrated most powerfully through the written word, a tool of great lawyers for centuries. Encapsulating an interesting case or complex transaction into 500 or 1000 words for the benefit of colleagues and the business community at large is the single best way to demonstrate expertise on a macro scale. It is at the very core of client generation.
Musical Chairs for Firms' Public Faces
January 31, 2007
It all started when communications director Peter Columbus left O'Melveny &amp; Myers for a position at Kaye Scholer this fall. To fill the opening at O'Melveny, John Buchanan left his job at Heller Ehrman. To fill that slot at Heller, Patrick Bustamante left his post at DLA Piper. 'Clearly there's a domino effect,' Buchanan said.

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  • 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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