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NY Divorce Rule Freezes Couple's Assets Without Court Order Image

NY Divorce Rule Freezes Couple's Assets Without Court Order

Joel Stashenko

As of Sept. 1, divorcing couples in New York no longer need to seek a temporary restraining order prohibiting their spouse from the unauthorized spending, transfer or concealment of assets under a rule established by court administrators.

Features

Practice Tip: The Expanding World of the Product Liability Litigator Image

Practice Tip: The Expanding World of the Product Liability Litigator

Joseph J. Ortego & Barbara A. Lukeman

The specialty of product liability legal practice is greatly expanding. Modern day product liability litigators are called upon to litigate cases involving subject matter that is far more complex and varied than years past.

Features

Overtime Implications of Bonus Plans Under the FLSA Image

Overtime Implications of Bonus Plans Under the FLSA

William J. Wortel

This article discusses both the general rule that bonus payments must be included in the "regular rate" calculation for overtime purposes, and the three most common exceptions to this general rule. It also tests your knowledge of these rules.

Features

Damages: A Tax Break for Plaintiffs Raises Interesting Issues Image

Damages: A Tax Break for Plaintiffs Raises Interesting Issues

Chad L. Staller & Stephen M. Dripps

The Third Circuit recently delivered a significant clarification on economic damages in employment matters. In <i>Eshelman v. Agere Systems Inc.</i>, the court held that plaintiffs in employment-discrimination suits may recover for the negative tax consequences of receiving a lump-sum award for back pay.

Features

Too Much Information? Image

Too Much Information?

Josh Davis & Neil McKittrick

There is considerable information available in cyberspace ' much of it interesting, some of it damning, and some of it false. Obtaining that information feels risk free and virtually untraceable. However, the universe of employment laws applies to much of what happens when virtual sleuthing yields tangible job consequences.

Features

Five Reasons for Lawyers to Use Social Media Image

Five Reasons for Lawyers to Use Social Media

Evan Brown

This article recommends using social media for business and career development, and presents five non-exhaustive reasons why attorneys should consider using social media for themselves or for their firms. The <i>what</i> and <i>how</i> of blogging, Twitter, Facebook, etc., are beyond the scope of what is covered here. This discussion is about <i>why</i> a lawyer might want to use social media.

Features

The Impact of the Credit Crisis on DIP Financing Image

The Impact of the Credit Crisis on DIP Financing

Michael H. Torkin & Danielle B. Kalish

A byproduct of the frozen credit markets was the unexpected contraction of available debtor-in-possession financing (DIP financing). Historically, DIP financings have had the lowest default rates among commercial loans, and until the recent market disruption, only two significant DIP loans had defaulted, and only one of those resulting in a sub-par recovery.

Features

The Equipment ABS Market Image

The Equipment ABS Market

J. Benjamin Earthman & Evan Wilkoff

This article: 1) as a matter of background, discusses the basic economics of a TALF loan backed by equipment ABS and provides a general overview of the collateral eligibility requirements of TALF relating to equipment ABS, and 2) discusses the key hurdle (i.e., achieving a AAA rating) prospective issuers have encountered, and will likely continue to encounter in the near term under the existing paradigm, in their attempts to structure and execute equipment ABS in the current market.

Features

Enforceable Browse-Wrap Contracts Image

Enforceable Browse-Wrap Contracts

Jonathan Bick & Karen Berger

Doing business over the Internet is increasingly automated. In the past, Web sites used "terms of use" agreements which include an Internet mechanism to affirm consent to be bound by the agreement (click-wrap). Increasingly, browse-wrap agreements are replacing click-wrap agreements.

Features

Music Site Ruled Not 'Interactive' Enough Image

Music Site Ruled Not 'Interactive' Enough

Mark Hamblett

A Webcasting service that provides users with individualized Internet radio stations is not required to pay licensing fees to copyright holders of the songs the service plays, the Second U.S. Circuit Court of Appeals has ruled.

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