Federal courts in Chicago have adopted new rules that will profoundly change how civil lawsuits progress.
In bankruptcy litigation, the venue can have a major influence on an outcome. Expert members of the Financial Poise Faculty—each a partner or managing director in the restructuring industry—discuss why venue fights occur and how practitioners should approach selecting venue or challenging venue in a bankruptcy case.
It was 4:00 AM when the police convoy rolled up on Country Crossing, a new electronic bingo house in Alabama. No fewer than 135 state police cars cascaded into the rural compound. In the aftermath, a group of NFL players—including big names like Ray Lewis and Fred Taylor—lost tens of millions of dollars.
Can you agree to be defrauded? This may sound like an odd question. But, in this space showed before, the law of business fraud can lead us into some odd places. It is no spoiler to say that the answer is “yes.” You can actually agree to be defrauded. Many courts, including Illinois (where I practice), […]
Affinity fraud presents a different dynamic from consumer fraud or business fraud. Affinity fraudsters prey on their victims’ religious, cultural and ethnic identities. Their breach of trust is more severe, more personal.
The reasonable reliance defense involves the defendant arguing that everything he said to the plaintiff was worthless, and that the plaintiff was out of his mind if he took any of the defendants’ representations seriously.
Litigation, mediation or collaboration? What is the best way to make sure that you come as close as you can to getting everything you want in your divorce settlement? Well, that really depends upon what you want. And even when you know what you want, there is no guarantee that there is a direct path to getting it.
Edward Lehman is founder and Managing Director of Lehman, Lee & Xu in Beijing and Shanghai and other locations in China as well as founder of Lehman, Lee & Xu Mongolia, in Ulaanbaatar. Our Chris Cahill and Mr. Lehman discussed important changes in Chinese legal and business practices over Lehman’s 28 years there. They also discussed President Xi Jinping’s anti-corruption program, the use (and non-use) of the recently-enacted bankruptcy law, protection of intellectual property in China, and likely targets of Chinese investment in the West as currency controls are liberalized. You can learn more about Edward Lehman here.
iDisclose is a new web-based, do-it-yourself, automated PPM generator that is much more than a mere template. iDisclose operates much as TurboTax does: The way you answer one question opens up a customized set of drill-down follow-up questions, so the entire document is granularly customized for each issuer. It works for a range of securities, including preferred and common stock as well as convertible debt.