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Update on Business Bankruptcy Legal Fees and Professionalism
"Ours is a learned profession, not a mere money-getting trade." — American Bar Association Committee on Professional Ethics and Grievances, Formal Op. 250 (1943)
"Even after the passage of [Bankruptcy Code] §330(a)(1), bankruptcy is not intended to be a feast for lawyers." — In re Taxman Clothing Co., 49 F.3d 310, 3016 (7th Cir. 1995)
"Cause, not self. That is the sworn duty of every member of the legal profession — to subordinate their own interests to those of their clients …." — In re ABC Dentistry P.A., 2020 WL 6304698 (5th Cir. Oct. 28, 2020).
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Strategy vs. Tactics: Two Sides of a Difficult Coin
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
'Huguenot LLC v. Megalith Capital Group Fund I, L.P.': A Tutorial On Contract Liability for Real Estate Purchasers
In June 2024, the First Department decided Huguenot LLC v. Megalith Capital Group Fund I, L.P., which resolved a question of liability for a group of condominium apartment buyers and in so doing, touched on a wide range of issues about how contracts can obligate purchasers of real property.
The Article 8 Opt In
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
CoStar Wins Injunction for Breach-of-Contract Damages In CRE Database Access Lawsuit
Latham & Watkins helped the largest U.S. commercial real estate research company prevail in a breach-of-contract dispute in District of Columbia federal court.