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Compliance Hotline
Investment Bank Is Dismissed from WorldCom Lawsuits
The District Court for the Southern District of New York has granted a motion to dismiss an investment bank from the WorldCom class action that issued notes tracking the market price of WorldCom stock. The court ruled that the bank's accurate statements about the historical stock price could not support a claim under the securities laws even though those prices turned out to be fraudulently inflated. In re WorldCom Inc. Securities Litigation, No. Civ. 3288 (DLC), (Jan. 6, 2004).
The plaintiffs were investors who alleged that the bank was party to the WorldCom fraud and violated ' 11 of the Securities Act of 1933 because the historical stock price of WorldCom was artificially inflated through the perpetration of a monumental fraud. The bank had issued GOALs securities, which paid an annual interest rate of 12% over 2 years. The amount of the principal that was to be repaid as they matured was dependent on the performance of WorldCom stock.
Yachts, Jets, Horses & Hooch: Specialized Commercial Leasing Models
Defining commercial real estate asset class is essentially a property explaining how it identifies — not necessarily what its original intention was or what others think it ought to be. This article discusses, from a general issue-spot and contextual analysis perspective, how lawyers ought to think about specialized leasing formats and the regulatory backdrops that may inform what the documentation needs to contain for compliance purposes.
Hyperlinked Documents: The Latest e-Discovery Challenge
As courts and discovery experts debate whether hyperlinked content should be treated the same as traditional attachments, legal practitioners are grappling with the technical and legal complexities of collecting, analyzing and reviewing these documents in real-world cases.
Identifying Your Practice's Differentiator
How to Convey Your Merits In a Way That Earns Trust, Clients and Distinctions Just as no two individuals have the exact same face, no two lawyers practice in their respective fields or serve clients in the exact same way. Think of this as a "Unique Value Proposition." Internal consideration about what you uniquely bring to your clients, colleagues, firm and industry can provide untold benefits for your law practice.
Risks and Ad Fraud Protection In Digital Advertising
The ever-evolving digital marketing landscape, coupled with the industry-wide adoption of programmatic advertising, poses a significant threat to the effectiveness and integrity of digital advertising campaigns. This article explores various risks to digital advertising from pixel stuffing and ad stacking to domain spoofing and bots. It will also explore what should be done to ensure ad fraud protection and improve effectiveness.
Turning Business Development Plans Into Reality
This article offers practical insights and best practices to navigate the path from roadmap to rainmaking, ensuring your business development efforts are not just sporadic bursts of activity, but an integrated part of your daily success.