ADAs Found Immune From Suit Charging Malicious Prosecution
Real Estate Workouts: Cancellation Of Indebtedness Income (Part II)
In his Real Estate Securities column, Peter M. Fass, a partner at Proskauer Rose, continues his discussion of key issues that an owner of a troubled property faces when restructuring or working out a mortgage secured by a property that does not generate sufficient cash to service the troubled loan or maintain the property.Arbitrator Denies Retirement Benefits to Former Stroock Partner
A New York arbitrator ruled that Michael Perlis is not entitled to retirement benefits under the firm's partnership agreement because he continues to practice law at a competing firm and that the ex-partner must pay Stroock $163,643 in attorney fees.Rebutting the Presumption of Reliance in Securities Class Actions
Roger A. Cooper, Matthew M. Bunda and Anthony M. Shults of Cleary Gottlieb Steen & Hamilton write: Because few securities cases go to trial, there have been few cases in which courts have considered whether defendants have, on an individual basis, rebutted the presumption of reliance established in 'Basic v. Levinson.' A recent decision from the Southern District of New York, however, "is just such an extraordinary case."Pro Bono Skills Are Transferable
James A. Grayer, co-hiring partner with Kramer Levin Naftalis & Frankel, writes: I am sometimes asked if I get nervous running a board meeting, asking an important client a difficult question or disagreeing with a more senior partner. My response is, not really. I have been practicing law now for almost 20 years, but when I stop to think about what really got me over my nervousness, it's the pro bono work I have done, particularly the year I spent assisting low income individuals living with HIV.Trending Stories
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