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SCOTUS Seeks to Provide Clarity Over Investor Suits
In a case that could either stem or unleash a tide of investor lawsuits, the Supreme Court searched for a narrow way to rule that might still be of some value to the securities bar.
"If you're asking for help for the bar, why wouldn't it be helpful for the bar to affirm what lower courts have done …?" Justice Neil Gorsuch said at one point to lawyer David Frederick, a named partner at Kellogg Hansen Todd Figel & Frederick and a former law firm colleague of the justice.
Frederick argued on January 16 on behalf of investor Moab Partners, which filed a lawsuit claiming Macquarie Infrastructure Corp. unlawfully failed to disclose the risk an international regulation on shipping fuel oil would have on one of its subsidiary companies that stored fuel oil. "When the truth emerged, their stock price fell by more than 40 percent in one day," Frederick said.
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Major Differences In UK, U.S. Copyright Laws
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
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.
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Legal Possession: What Does It Mean?
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