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Standing of Trust Beneficiaries in Derivative Actions
Since New York case law generally holds that a trustee is the proper party to a suit in conflict situations, the aggrieved trust beneficiary is seemingly without options. Practitioners, however, should be familiar with two exceptions to the general rule in this context—the so-called "double-derivative" standing of a trust beneficiary and "equitable owner" approach to standing. This piece sets forth a brief basis for each theory and strategic considerations when bringing these types of matters.
New U.S.-China Investment Dynamic Focuses On AI and Sensitive Technologies
An Executive Order released by the Biden Administration on Aug. 9 places increased importance on due diligence when investing in specific foreign countries. The Executive Order will regulate outbound investments in China with a focus on key technologies critical to safeguarding U.S. national security, including artificial intelligence.
Ironclad Launches Gen AI Offering That 'Shows Its Work': Ironclad Contract AI
The backend technology that allows Ironclad Contract AI to visually explain its reasoning, called Rivet, is also being offered as an open-source product by the company.
Trademark Ban Censors Criticism of Politicians, Anti-Trump Lawyer Tells Justices
The U.S. Supreme Court will consider the constitutionality of the statutory ban on registering trademarks that name living persons without their consent.
Ethics Hearing Gets Underway for Judge Christina Peterson
"They're not offended by Judge Peterson's conduct. They're offended by the fact that Judge Peterson holds office," argued respondent counsel S. Lester Tate III during opening arguments.
Law Journal Press | Digital Book
New Jersey Estate Litigation 2014
Authors: Michael R. Griffinger, Paul F. Cullum III
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Managed Funds Association, Other Groups Sue SEC Over Private Fund Adviser Rule
"This could be part of a trend that we're going to see moving forward with multiple SEC rulemakings," attorney David Adams said. "A lot is riding on this particular case, across the board."
Cozen O'Connor Forms Alliance With Ex-NC First Assistant AG to Tackle State AG Work
The "strategic alliance" will allow Swain Wood to work alongside Cozen O'Conner's state attorneys general group to advise clients on an ongoing basis.
True 'Court Confessions' of a Financial Expert
Financial experts are hired to educate the client, their attorney and, ultimately, a judge or jury of the numbers. To the extent that the raw numbers, calculations, and analysis align with the client and the attorney's arguments, great. But it doesn't always happen that way.
Cozen O'Connor Forms Alliance With Former NC First Assistant AG to Tackle State AG Work
The "strategic alliance" will allow Swain Wood to work alongside Cozen O'Conner's state attorneys general group to advise clients on an ongoing basis.
Finalists Announced for The National Law Journal Legal Awards 2023
We are pleased to unveil the finalists and honorees for The National Law Journal Legal Awards highlighting the top litigation and appellate work from the past year.Trending Stories
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