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Setting Valuation Dates for Marital Property in Global Economic Crisis
Allan E. Mayefsky, the managing partner of Sheresky Aronson Mayefsky & Sloan, and Alyssa A. Rower, an associate at the firm, write that although the Second Department in Wegman v. Wegman encouraged courts to use flexibility in setting valuation dates for marital property, in the years since, the judicial analysis has grown consistently more rigid, to the point where courts formulaically categorize an asset as either "active" or "passive" and assign valuation dates based on that categorization. This formulation may streamline and simplify the process, but a rule that assumes that the rise and fall in the value of "active" assets is always caused by the efforts of one spouse is simply untenable, especially in the midst of what is universally recognized as a global economic crisis.'Can You Notarize This?' Taking the Notary Job Seriously
Joel Cohen, a partner at Stroock & Stroock & Lavan and an adjunct professor at Fordham Law School, and Danielle Alfonzo Walsman, an associate at the firm, write: Make no mistake; failure to follow the proper procedures of notarization can carry real consequences. Not only may a notary be stripped of his commission under the New York Executive Law for fraud or taking a statement known to be false, but a notary who is guilty of malfeasance or fraudulent practice is also guilty of a misdemeanor and liable in damages to the person injured.Surveying the M&A Landscape in a Time of Recession
Deals, like everything else, are a product of the time in which they were born. Events are challenging traditional thinking about mergers and acquisitions, and execs need to think strategically about whether a paradigm shift in M&A is on the way.Montgomery McCracken at Top Of Mid-Level Associates Survey
The old adage that money can't buy you happiness appears to be alive and well for mid-level associates at Dechert. The firm has the highest base salaries among its Philadelphia competition. But it still received the worst grades from its mid-level associates out of the 13 local firms that filled out The American Lawyer's annual mid-level associate survey.Solving the Social Media Puzzle
Not everyone's on Twitter, Facebook or Tumblr, but all lawyers - even the most unassuming and bookish - are finding they must understand how social media works and what it can - and cannot - do for them, their clients and even the practice of law.Cite as: People v. Afrika Owes, 0089/2011, NYLJ 1202487419836, at *1 (Sup. NY, Decided March 21, 2011)Justice Edward J. McLaughlinDecided
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