Be Careful What You Look For: It Could Be an Authenticated Record
August 05, 2004
A recent bankruptcy court decision out of the District of Delaware found that a document contained on a Web site was an authenticated notice under UCC 9-404 notwithstanding the lack of affirmative action taken by the assignor or assignee. <i>In re Communications Dynamics, Inc.</i> WL 22345713 (Bankr. D. Del. 2003) is the first decision in which the authentication requirement to an account debtor in Section 9-404(a)(2) of the Uniform Commercial Code (UCC) is interpreted. This holding adds a new element to the UCC's definition of authentication and seems to ignore the plain language of the Code. This decision could have an impact on the leasing industry as the definition of an account debtor under Section 9-102(a)(3) of the UCC includes not only a lessee but will also include a lessor in conjunction with its own accounts payable.
In The Marketplace
August 05, 2004
Highlights of the latest equipment leasing news from around the country.
Beating True Lease Challenges: A Lessor's Guide to Structuring and Defending True Leases
August 05, 2004
Lessees increasingly challenge leases in bankruptcy proceedings or disputes with lessors. They assert and litigate the issue of whether a lease constitutes a disguised security arrangement instead of a true lease. This issue arises with respect to leases of equipment as well as software. The consequence of losing true lease status under state law can dramatically affect a lessor's legal rights and remedies and impair a lessor's economics. Despite this increased uncertainty, lessors can effectively structure and defend their lease transactions as true leases when armed with working knowledge of current judicial trends and applicable rules under the Uniform Commercial Code (UCC).
FOLLOW-UP: CA Supreme Court To Hear 'Friends' Arguments
August 02, 2004
The Supreme Court of California has denied a petition for review by Amaani Lyle but granted defendant Warner Brothers Television Productions' petition in a suit filed by Lyle, a writers' assistant, over the atmosphere in the writers' room of the TV series "Friends."
Counsel Concerns
August 02, 2004
<i>This occasional column will cover issues in serving as a lawyer in the entertainment industry. </i><br>A law firm represents a film production company. But as organizing both the company and a film project proceed, the company fails to raise sufficient funds to complete the project. Later, the director, a costumer, a construction coordinator and a production designer hired to work on the movie file suit for payment of services rendered and goods supplies. The suit alleges fraud and conspiracy. The law firm and its principals are named as defendants in the action. Is the law firm liable in the case?
Courthouse Steps
August 02, 2004
Recently filed cases in entertainment law, straight from the steps of the Los Angeles Superior Court.
Bit Parts
August 02, 2004
Recent developments in entertainment law.
Cameo Clips
August 02, 2004
Recent cases in entertainment law.
Clause & Effect: <b>Examining Validity Of Game Show Releases and Rules
August 02, 2004
Game shows based on contestants giving answers to questions often use releases signed by contestants to build in leeway into how those questions may be structured. What if a question has a mostly correct, but not the absolutely correct, answer? In the case of the TV game show "Who Wants to Be a Millionaire," Richard Rosner, a contestant presented with this type of question, filed suit after he was eliminated from the show.
