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Fourth Circuit Could Decide Fate of the 'Texas Two-Step'
July 01, 2024
An influential appellate court has agreed to take up a bankruptcy involving the controversial "Texas two-step," potentially deciding the merger tactic's fate in future Chapter 11 cases. The Fourth Circuit agreed to hear a petition to dismiss the bankruptcy of Bestwall, a subsidiary of Koch Industries-owned Georgia-Pacific, created through a "Texas two-step" to resolve 60,000 lawsuits over asbestos exposure.
Bit Parts
July 01, 2024
Music Publishers' Nashville Lawsuit Over Alleged Use of Lyrics in AI Generative Program Is Sent to California Federal Court New York Appellate Court Affirms Dismissal of Fashion Model's Publicity Right Claim Over Ralph Lauren Documentary New York Federal Court Applies Written Contracts Clause to Determine Intent in Implied TV-Distribution License Dispute
Pennsylvania Bar Issues Opinion On Ethical Use of AI
July 01, 2024
Formal Opinion No. 2024-200 stands as the most detailed opinion issued by any Bar association to date, aiming to heighten ethical awareness and offer advice on addressing these issues. While aimed at Pennsylvania-licensed attorneys, the guidance is applicable to all lawyers everywhere.
Antitrust Enforcement Agencies Target AI Companies
July 01, 2024
U.S. antitrust enforcement agencies may file complaints against the biggest companies advancing artificial intelligence, legal experts said in reaction to news reports of a handshake agreement between the Department of Justice and Federal Trade Commission.
IP News
July 01, 2024
Federal Circuit Sitting en banc Overrules Long-standing Test for Assessing Obviousness of Design Patents and Adopts the Same Framework Established for Utility Patents Federal Circuit Affirms District Court's Grant of §285 Fees Request for Fees Incurred in Litigation and Denial of Fees Request for Fees Incurred In a Parallel IPR Proceeding
Supreme Court: Prospective Parity Is Answer to Past Trustee Fee Disparity
July 01, 2024
The appropriate remedy for the past disparity in bankruptcy fees between federal Bankruptcy Trustee and Administrator districts is simply to ensure all the courts are charging the same going forward, the Supreme Court ruled on June 14.
Where CRE Prices Are Trending By Type
July 01, 2024
The Trepp Property Price Index (TPPI), which measures CRE price movements over time, is now generating sector-specific figures for multifamily, office, retail, industrial and lodging.
Adequate Tech Budgets Are Essential For Effective Marketing Department Performance
July 01, 2024
Adequate investment, especially for marketing technology, enables departments to function effectively. Unfortunately, this funding is often insufficient. Technology without support is like installing a lightbulb in a home that has no electricity.
Co-ops and Condominiums
July 01, 2024
Sale of Unit Did Not Extinguish Liability for Common Charges
Majority of U.S. Law Firms Plan to Change Real Estate Footprint Over Next Two Years
July 01, 2024
Roughly 85% of U.S. law firms plan to change the size of their real estate portfolio over the next two years, with more than half expecting to add space and about a third planning to reduce it.

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