The McNulty Memo
January 31, 2007
On Dec. 12, 2006 the U.S. Justice Department issued new guidance that will require federal prosecutors to seek approval from senior DOJ officials before requesting a waiver of attorney-client privilege and work product protection in corporate criminal investigations. The new guidance supersedes the existing language on waiver in the 'Thompson memo,' issued by then-Deputy Attorney General Larry D. Thompson in January 2003.
Voluntary Disclosures Under the FCPA
January 30, 2007
<i>' ' [A]lthough nothing is off the table when you voluntarily disclose, I can tell you in unequivocal terms that you will get a real benefit ' '</i> Despite these heartening words by Assistant U.S. Attorney General Alice S. Fisher at a recent conference on the Foreign Corrupt Practices Act (FCPA), an attorney representing a corporation cannot recommend voluntary disclosure of potentially criminal FCPA activities without weighing the promise of a 'real benefit' against the very real risks.
Stock Trading Injunctions in Chapter11
January 30, 2007
The implementation of restrictions on stock and/or claims trading has become almost routine in large Chapter 11 cases involving public companies on the basis that such restrictions are vital to prevent forfeiture of favorable tax attributes that can be triggered by a change in control. Continued reliance on stock trading injunctions as a means of preserving net operating loss carry forwards, however, may be problematic, after the controversial ruling handed down in 2005 by the Seventh Circuit Court of Appeals in <i>In re UAL Corp.</i>, 412 F.3d 775 (7th Cir. 2005).
Pension Plan Protection Act Leaves Door Open
January 30, 2007
Legacy costs, the common term for worker pension and health care benefits negotiated in past collective bargaining agreements, are rising at a rapid pace ' driven by weak projected returns on pension portfolios, strong growth in health care costs and aging baby boomers tipping the scale between the number of workers supporting each retiree.
LawPort for SharePoint Provides Immediate Access to Information
January 26, 2007
Greenebaum Doll & McDonald, PLLC, is a business and commercial law firm with eight offices nationwide with approximately 180 attorneys. There are six practice groups serving clients locally, nationally and internationally in numerous industries. Much of this is credited to the firm's commitment to facilitating the flow of information. The firm's standing priority has been to provide client benefits through efficient information management and the application of Web technologies and collaborative systems.
Document Assembly Automation
January 26, 2007
When an attorney is creating work product, a document assembly product is in order. It's the perfect tool to bring together needed information that is otherwise often stored in incongruent systems such as document management systems, other documents and Internet resource sites. Attorneys and legal staff need to leverage a firm's library of past work, while eliminating the frustrating tasks of endless cutting and pasting and hunting for source documents.<br>However, without a document assembly application, the law firm's clients are paying billable attorney hours to search for the information they need.
The EPA May Take a Close Look at Regulating Nano-Particles in Antimicrobial Articles and Devices
January 03, 2007
Nano-scale materials are said to have unique and potentially valuable properties in comparison to the same materials that exist naturally in larger than nano-scales, which can include greater tensile strength, enhanced electrical conductivity, and the ability to contribute to new chemical synthesis pathways. These unique properties may lead to advances in industrial chemistry, engineering, biological, agricultural and medical applications. The U.S. Government's spending alone on nanotechnology research is said to exceed $1 billion annually, and the Government of China has recently announced that nanotechnology is one of 16 key technologies for which it will increase research and development spending over the next 15 years. As Chinese companies increasingly design, develop, and manufacture products based on nanotechnology, and export these products to the United States, they will confront and need to understand the emerging perspectives and concerns of U.S. government regulators who are struggling to reckon with perhaps hundreds of products employing nanotechnology that reportedly are already on the market and perhaps thousands more products soon to come on the market. U.S. Federal agencies are working independently, and occasionally in concert, to try to identify appropriate policies and practices to monitor and respond to this apparently sweeping new market development. See, e.g., National Science and Technology Council effort known as the National Nanotechnology Initiative.
Observations on Negotiating Franchise Agreements in Today's Legal Environment
December 29, 2006
Franchise law has long characterized franchise agreements as adhesion contracts (<i>see, Ticknor v. Choice Hotels Int'l</i>, 265 F.3d 931 (9th Cir. 2001) (Montana law); <i>Bolter v. Superior Court</i>, 87 Cal. App. 4th 900 (2001) (California law)). While no empirical data exist on the percentage of franchisors that will negotiate the terms of their franchise contract with prospective franchisees, it is fair to conclude that they remain a minority. To start the pre-sale disclosure process, a franchisor must present a prospect with the terms of its bona fide offer for the sale of a franchise. Frequently, these are the only terms the franchisor is prepared to accept.
Employers Liability Coverage: Exploring Coverage for Employee Tort Claims Alleging That Injury Was 'Substantially Certain'
December 28, 2006
When an employee is injured on the job, the claim is usually handled through the Workers' Compensation system. Indeed, it is relatively rare for a worker, even one who has been seriously injured, to sue his or her employer in tort because of the 'exclusive remedy' feature of most Workers' Compensation Acts. That feature, also known as the 'Workers' Compensation bar,' directs all such claims to the compensation system unless an enumerated exception applies. Nonetheless, because there are such exceptions, employers frequently purchase 'Workers' Compensation/Employers Liability' ('WC/EL') policies, which provide insurance not only for claims brought through Workers' Compensation but also for claims brought in the civil court system.
