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Sale and Leaseback of Pay Phones Is Ruled Sale of Securities Under State's Martin Act
Mixed martial arts fighters Jon "Bones" Jones, Frankie "The Answer" Edgar, and Brian "The All American" Stann are used to using their fists, knees, and legs to pummel opponents into submission. But to fulfill their dreams of fighting at Madison Square Garden, they've called on Morrison & Foerster's Jamie Levitt and NYU professor Barry Friedman to duke it out with the state of New York.
N.Y. Court Rules on Pay Phone Sale and Leaseback
Despite an 11th Circuit ruling to the contrary, a state judge in Buffalo, N.Y, has determined that the sale and leaseback of pay telephones to investors was the sale of securities and is regulated by New York's Martin Act. The judge denied motions for summary judgment seeking dismissal of the state attorney general's complaint against the businessman, his four sons and the affiliated salespeople who sold the pay phones.Gibson Dunn's Daniel Kolkey, who argued for the merchants, told the California Supreme Court a 1971 law that says personal information can't be recorded can't possibly apply to Internet transactions.
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'Eat What You Kill' Firm Splits Over Attempt To Institute Fee Sharing
Nagel Rice & Mazie, whose record of winning multimillion dollar personal injury and class action cases has been matched by few New Jersey firms, is splitting in half because of personality clashes and disagreements about compensation among the name partners.Horizon Blue Cross Can Seek Injunction Against 'Doctoring' of Class Settlement
A New Jersey judge on Thursday refused to interrupt Horizon's plans to ask a federal magistrate in Florida for an injunction and sanctions that would stop a handful of New Jersey doctors from seeking better terms from a class action settlement with the insurer in 2006.The Churn: Lateral Moves and Promotions in The Am Law 200
The Churn: Lateral Moves in the Am Law 200
Greenberg Traurig hires a new shareholder in its corporate and securities practice; Herrick, Feinstein's tax and personal planning group names a new co-chair; and Jones Day adds to its offices in Sydney and Silicon Valley. The Churn is constant. Please send all announcements to [email protected].Who Scored Better in the Election: Doctors or Lawyers?
Doctors and trial lawyers spent millions of dollars this year in an unprecedented four-state election battle over limiting damage awards and attorney fees in malpractice cases. The voters' decision: a virtual stalemate. Despite the deeply divided public opinion on the issue, one law professor says the results are a clear indication that "people like doctors better than lawyers."Trending Stories
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