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September 24, 2014 | Daily Report Online

Meet The GC: Harold M. Cohen of Popeyes Louisiana Kitchen

Harold M. "Sonny" Cohen became senior vice president of legal affairs, corporate secretary and general counsel of Popeyes Louisiana Kitchen Inc. (formerly known as AFC Enterprises Inc.) in September 2005.
7 minute read
September 24, 2014 | The Legal Intelligencer

Inversions May Slow, but Related Legal Work Won't

There may be nothing better for a lawyer's book of business than uncertainty in the law, so while new regulations announced Monday that aim to limit the controversial corporate inversion may put a stop to some of those deals, it won't stop the need for tax attorneys to dissect these new rules and the promise of continued political machinations.
6 minute read
September 23, 2014 | The American Lawyer

Akin Loses Two, But Again Raids Bingham, Plus More Lateral Moves

Bingham McCutchen lost four more partners to Akin Gump Strauss Hauer & Feld this week in Hong Kong and London, as the former continues to pursue a potential merger with Morgan, Lewis & Bockius. McCarter & English adds eight partners of its own through a merger, Jones Day hires another Latin American dealmaker and more notable moves from throughout The Am Law 200.
8 minute read
September 23, 2014 | The Legal Intelligencer

Finding the Right Mix of Mentors in Your First Year

"Ask about their mentoring programs," urged a recent law school graduate and friend of mine when I began interviewing with firms during the summer before my 2L year.
6 minute read
September 23, 2014 | The Legal Intelligencer

First-Year Hiring Declines While Diversity Soars

Entry-level hiring at Pennsylvania's law firms has declined after seeing an uptick in 2013.
7 minute read
September 22, 2014 | The Legal Intelligencer

Drinker Biddle Prepares for Leadership Transition in 2015

Longtime Drinker Biddle & Reath Chairman Alfred W. Putnam Jr. will hand over leadership of the firm next year to his second-in-command, executive partner Andrew C. Kassner, a number of sources have confirmed to The Legal.
4 minute read
September 19, 2014 | The Legal Intelligencer

'Loan-to-Own' Strategy May Lead to Limitation on Credit-Bidding

On April 14, in In re Free Lance-Star Publishing, 512 B.R. 798 (Bankr. E.D. Va. 2014), the U.S. Bankruptcy Court for the Eastern District of Virginia considered the objection of Chapter 11 debtors to a secured creditor's right to credit bid at a sale of the debtors' assets pursuant to 11 U.S.C. Section 363. The court concluded that the secured creditor—which sought to acquire the debtors rather than collect on the loan—had engaged in inequitable conduct with the intention of depressing the value of the debtors' assets for its own benefit as a buyer, rather than enhance value for the benefit of all creditors. Consequently, the court held that cause existed to limit the secured creditor's right to credit bid at the Section 363 sale.
8 minute read
September 18, 2014 | The Legal Intelligencer

Justices Decline to Hear Reglan Preemption Cases

The state Supreme Court has denied allocatur to defendants appealing a ruling that federal preemption only applies to negligent failure-to-warn claims that predate the Food and Drug Administration Amendments Act of 2007 and are based solely on a generic drug's label that was in conformity with the brand-name equivalent's label.
4 minute read
September 17, 2014 | Delaware Business Court Insider

Liability for Preferential Transfer May Be Reduced by Subsequent New Value

In a preference action, one of the most common defenses is the so-called subsequent new value (SNV) defense under 11 U.S.C. Section 547(c)(4). Under Section 547(c)(4), to the extent that a creditor gives to the debtor new value subsequent to an avoidable transfer, the defendant's liability is reduced in the amount of such SNV.
4 minute read
September 17, 2014 | The Legal Intelligencer

Greenberg Traurig Seeks to Affirm $673K Award in Partner Row

Greenberg Traurig has asked a Philadelphia judge to affirm an arbitration award of $673,060 in its favor and against two former shareholders who left to form their own firm.
4 minute read

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