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September 28, 2009 |

The 5 Percent Rule: Court Offers Guidance for Securities Disclosures

The law isn't always clear on just what a company needs to disclose in its securities filings. In a case brought by shareholders of The Blackstone Group L.P., a judge suggests one test: whether a misstatement caused a financial error of more or less than 5 percent.
3 minute read
August 21, 2002 |

Spousal and Child Support Guidelines Differ

Spousal support orders in high-income cases should be based on support guidelines set forth in the Pennsylvania Rules of Civil Procedure and not on the reasonable needs of the spouse, the state Supreme Court has ruled, reversing a Superior Court decision.
5 minute read
July 27, 2011 |

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Think Carefully Before Amending LLC and Partnership Agreements: Understanding 'NextMedia'
9 minute read
December 14, 2007 |

Norton Rose Stakes Claim in Saudi Arabia

It might seem unnecessary to ask what exactly attracts international law firms to oil-drenched Saudi Arabia. But compared to the neighboring emirate of Dubai, Riyadh has proved far tougher for foreign lawyers to crack, despite the Saudi government's avowed commitment to privatization and foreign investment. So by Saudi standards, Norton Rose's recent arrival -- in conjunction with recent Saudi expansion by White & Case and Allen & Overy -- constitutes something of a foreign invasion.
4 minute read
Law Journal Press | Digital Book Pennsylvania Causes of Action, 12th Edition Authors: GAETAN J. ALFANO, RONALD J. SHAFFER, JOSHUA C. COHAN View this Book

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August 10, 2009 |

Circuit Rebuffs Times' Attempt To Obtain Spitzer Wiretap Data

The New York Times has lost its bid to obtain wiretap information related to former Governor Eliot Spitzer's involvement in a prostitution ring. The federal law that permits disclosure of wiretap information on a showing of good cause does not allow disclosure based solely on the news media's interest in publishing the information, the U.S. Court of Appeals for the Second Circuit ruled on Friday. In a case where the Times sought wiretap information on Mr. Spitzer and the Emperor's Club prostitution ring, the circuit agreed with the government that general journalistic interest in the information does not amount to good cause within the meaning of Title III of the Omnibus Crime Control and Safe Streets Act of 1968.
4 minute read
August 02, 2004 |

Going Private Transactions

Executives of small and midsized publicly traded companies are increasingly turning toward exploring the ultimate exit from public life: the going private transaction.
8 minute read
April 28, 2010 |

Citing Dire Situation, Defender Association Asks for Budget Increase

The Defender Association of Philadelphia asked for a $1.7 million increase in its budget next year because the association says it will have to withdraw from representing indigent defendants in some of the city's 73 criminal courtrooms if it can't fill 19 attorney positions.
6 minute read
February 07, 2007 |

A $550 million deal leads to two more for $100 million sum

THE INK WAS BARELY DRY on a joint venture's $550 million purchase of a big chunk of office space near Perimeter Mall when two of the 18 buildings that had traded hands were sold again.Atlanta-based Barry Real Estate Co. and Philadelphia-based Rubenstein Properties Fund closed on 3.5 million square feet from Equity Office Properties Trust last week and within two days had resold two key properties for a total of about $100 million.
4 minute read
August 07, 2006 |

Failure to Disclose Boss' Misconduct Leads to Discipline for Lawyer

San Antonio attorney Andrew Toscano has received a probated two-year suspension of his law license for failing to report his former boss' professional misconduct in a products liability suit in which plaintiffs sought $2 billion.
4 minute read

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