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May 27, 2016 | Delaware Law Weekly

Am Law 100 Firms' Delaware Presence Stresses State's Strategic Importance

Of the nation's 100 top-grossing law firms, 21 operate offices in Wilmington, highlighting both the prominence of Delaware's legal market and the influence national firms have been able to exert in the First State.
5 minute read
May 27, 2016 | The American Lawyer

Hunton Makes Two Big Hires, Plus More Lateral Moves

Amid merger talks with a U.K. firm, Hunton & Williams added two practice leaders from Katten Muchin Rosenman; Bo Dietl's GC finds a new home; Jenner & Block launches a private wealth practice; and other notable additions from throughout The Am Law 200.
119 minute read
May 27, 2016 | The Legal Intelligencer

People in the News

Melinda deLisle joined Cozen O'Connor as the director of pro bono engagement, a new position in the firm.
11 minute read
May 25, 2016 | The Legal Intelligencer

People in the News

Gerri Sperling joined Strassburger McKenna Gutnick & Gefsky's Pittsburgh office.
11 minute read
May 24, 2016 | The Legal Intelligencer

Justices Set to Eye Good Faith in Limited Partnerships

The Pennsylvania Supreme Court has agreed to review whether the implied covenant of good faith and fair dealing applies to all limited partnership agreements under state law.
5 minute read
May 24, 2016 | New York Law Journal

Pleasures of Practice Other Than Profits

Firm leaders would do well to heed the words of one of our greatest judges, Learned Hand, who said, "while I should be the last to say that the making of a profit was not in itself a pleasure, I hope I should also be one of those to agree there were other pleasures than making a profit."
2 minute read
May 23, 2016 | The Legal Intelligencer

People in the News

The Pennsylvania Bar Association public utility law section is set to present its Christianson Award to Johnnie E. Simms on Tuesday during the PBA Public Utility Bench Bar Conference in Harrisburg.
11 minute read
May 23, 2016 | The Legal Intelligencer

Continuing Evolution of Legal Mal Breach of Contract Claims

In a legal malpractice action, a plaintiff may recover against his or her attorney under a trespass (negligence) or an assumpsit (breach of contract) theory. Historically in Pennsylvania, there was a clear distinction between legal malpractice claims sounding in breach of contract and those sounding in negligence.
12 minute read
May 20, 2016 | The Legal Intelligencer

Ad Funds Paid to Network Not Recoverable as Fraudulent Transfer

Last year we wrote about Janvey v. Golf Channel, 780 F.3d 641 (5th Cir. 2015), in which the U.S. Court of Appeals for the Fifth Circuit held that advertising fees accepted by Golf Channel could be recovered as a fraudulent transfer by the court-appointed receiver of the failed Stanford International Bank Ponzi scheme. At that time, the circuit court reasoned that such advertising services, as a matter of law, provided no "value" from the perspective of creditors of the defunct scheme, as the entity providing these services contributed to a perpetuation of the scheme, albeit unintentionally. We expressed concern that this holding created uncertainty and risk for trade creditors who have unwittingly done business with a counterparty that operates a Ponzi scheme. On rehearing, however, the court vacated its holding and submitted a certified question to the Supreme Court of Texas to determine the applicability of the "reasonably equivalent value" defense under the Texas Uniform Fraudulent Transfer Act (TUFTA). Disagreeing with the federal circuit court, the Texas Supreme Court, in Janvey v. Golf Channel, No. 15-0489, (Texas April 1, 2016), ruled that "reasonably equivalent value" is determined ­objectively as of the time of the transfer, without reference to whether the transfer actually benefited creditors in retrospect.
7 minute read
May 17, 2016 | The Legal Intelligencer

People in the News

Greenblatt, Pierce, Engle, Funt & Flores attorney Harry J. Kane Jr. was elected to partnership in the firm.
12 minute read

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