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El Toro: A Red Flag on Lease Rejection Damages
The U.S. Court of Appeals for the Ninth Circuit recently issued the first circuit-level decision regarding what sort of damages are subject to the cap imposed by Bankruptcy Code '502(b)(6) on landlords' claims arising from a debtor's rejection of a nonresidential real property lease.
The decision in Saddleback Valley Community Church v. El Toro Materials Co., No. 05-56154, 2007 U.S. App. LEXIS 22991 (9th Cir. Oct. 1, 2007), unsettled existing law, holding that damages corresponding to 'tort-like' conduct by the debtor-tenant related to the lease are not capped by '502(b)(6). If the result is followed by other courts, debtors may face a new uncertainty as they decide how to deal with their leases in bankruptcy.
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When we consider how the use of AI affects legal PR and communications, we have to look at it as an industrywide global phenomenon. A recent online conference provided an overview of the latest AI trends in public relations, and specifically, the impact of AI on communications. Here are some of the key points and takeaways from several of the speakers, who provided current best practices, tips, concerns and case studies.