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Consumer Vehicle Leasing Survey Details Cost of Vicarious Liability Image

Consumer Vehicle Leasing Survey Details Cost of Vicarious Liability

ALM Staff & Law Journal Newsletters

The Association of Consumer Vehicle Lessors (ACVL) of Nashville, TN has released its "New York Vicarious Liability Survey," which casts an ominous cloud over the future of consumer vehicle leasing in New York State. The survey, conducted in September 2003, details the magnitude and effects of vicarious liability suits against ACVL member companies in New York from Jan. 1, 2000 to June 30, 2003. The results evidence the enormity of the vicarious liability claims filed against New York consumer vehicle lessors and explain why some ACVL member lessors have suspended their leasing programs in New York altogether while others have imposed special fees for leases written in New York.

Features

FASB Issues Additional Guidance on FIN 46 Image

FASB Issues Additional Guidance on FIN 46

Jeffrey H. Ellis

On July 23, 2003, the Financial Accounting Standards Board (FASB) approved the issuance of five FASB Staff Positions (FSPs) providing guidance on the application of FASB Interpretation No. 46, Consolidation of Variable Interest Entities. (An FSP is the means by which the FASB staff communicates its views on the proper application of FASB literature when it believes there is only one acceptable interpretation. Prior to February 2003, FASB staff guidance was communicated through Staff Implementation Guides or announcements at meetings of the FASB's Emerging Issues Task Force.)

Features

In The Marketplace Image

In The Marketplace

ALM Staff & Law Journal Newsletters

Highlights of the latest equipment leasing cases from across the country.

Features

Business Crimes Hotline Image

Business Crimes Hotline

ALM Staff & Law Journal Newsletters

Recent rulings of importance to your practice.

Features

In the Courts Image

In the Courts

ALM Staff & Law Journal Newsletters

Analysis of recent rulings you need to know.

Ten Tips for Handling Sensitive Investigations Image

Ten Tips for Handling Sensitive Investigations

Robert W. Tarun

The Enron, Tyco and WorldCom scandals have greatly heightened the fiduciary duties of directors and officers and the scrutiny paid to them. The spotlight on corporations and their managers is likely to shine brightly for years to come. This article offers ten practical tips for handling sensitive investigations in an era where shareholders, prosecutors, regulators and courts are likely to scrutinize the response of organizations to inevitable episodes of suspected corporate misconduct.

Court-Imposed Waiver of the Joint-Defense Privilege Image

Court-Imposed Waiver of the Joint-Defense Privilege

Jacqueline C. Wolff & Alan Vinegrad

Most defense attorneys enter into joint-defense agreements with the understanding that even if one of the signatories decides to withdraw from the agreement and cooperate with the government, the confidentiality provisions survive. Two recent decisions ' by the Eleventh Circuit and the Northern District of California ' have called provisions like these into question: <i>United States v. Almeida</i>, 341 F.3d 1318 (11th Cir. 2003); and <i>United States v. Stepney</i>, 246 F. Supp.2d 1069 (N.D. Cal. 2003). Any defense attorney who is considering entering into such an agreement should think twice &amp;emdash; especially if some party may choose, down the road, to cooperate with the government.

Features

State Proceedings and Confidentiality Agreements with the Federal Government Image

State Proceedings and Confidentiality Agreements with the Federal Government

Avi S. Garbow

When management or the Board of Directors suspects possible misconduct within the company, they cannot respond with sound business judgment unless they have good information about what happened. In serious cases, they probably need outside counsel to investigate, report, and recommend remedies. The government has long encouraged companies to disclose the results of these internal investigations by offering the hope of leniency in charging or sentencing. On Sept. 22, 2003, the Attorney General added a "stick" to this "carrot" approach when he announced the Justice Department's new policy of charging the most serious criminal offenses that are readily provable, with a limited exception in cases where a defendant provided substantial assistance.

Features

Nationwide Cybercrime Sweep Nets 125 Arrests Image

Nationwide Cybercrime Sweep Nets 125 Arrests

Samuel Fineman, Esquire, Editor-in-Chief

Attorney General John Ashcroft said recently that law-enforcement agents had arrested 125 suspects in a crackdown on Internet crimes ranging from hacking to fraud to selling stolen goods. The seven-week cybercrime sweep involved police from Ghana to Southern California and uncovered 125,000 victims who had lost more than $100 million, he told a news conference.

U.S. Supreme Court to Review Internet Porn Law Image

U.S. Supreme Court to Review Internet Porn Law

Samuel Fineman, Esquire

In deciding to review the constitutionality of the Child Online Protection Act, the U.S. Supreme Court will revisit Congress' efforts to protect children…

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