It was about 7 am on Friday morning, November 30, 2012, and I was taking the day off. Just as I settled down to a cup of coffee and the newspaper, my cell phone started ringing, and I immediately recognized Conrail’s Chief Risk Officer was trying to reach me. He greeted me with “four tank
Chapter 11 of the Bankruptcy Code is the principal legal system for resolving serious financial distress of U.S. businesses. Because it allows managers of troubled companies to retain control, it rests on a seeming conflict of interest: how can creditors trust the managers who may have caused the trouble in the first place? To address
Social media has been and continues to be an incredible platform on which to build and improve a professional brand. But while the American Bar Association’s (ABA) most recent Legal Technology Survey indicates that lawyers are beginning to experiment with social media more than ever, for more risk-averse individuals, navigating the social media waters remains
What do recitals of contractual obligation actually do? Pennsylvania, uniquely, permits parties to contract into obligations under the Uniform Written Obligations Act. But many other states permit mere recitals of consideration to conclusively establish the enforceability of a contract, even gratuitous promises otherwise unsupported by bargained-for-exchange. In contract theory, the enforceability of such naked recitals
Cybercrime, as numerous almost daily headlines tell us, is understandably a favored tactic of organized criminals. The crimes can be committed far from the locus of the harm and do not involve face-to-face confrontations, are capable of repetition once devised, and can be highly lucrative. From organized computer wizards in Eastern Europe, to governmental actors
Recently, New York’s Department of Financial Services (“DFS”), the State’s banking and insurance regulator, identified two challenges to effective financial regulation: (1) deterrence for individual bad actors and (2) adequate anti-money laundering (“AML”) compliance by banks and other financial institutions. According to the DFS, federal regulation has been insufficient to address these challenges. Thus, like
This February, Temple Law sent a team coached by Professors Ed Ellers and Jonathan Lipson to the National Transactional LawMeet Mid-Atlantic Regional Competition at Benjamin N. Cardozo Law School in New York. The Transactional LawMeet places dozens of law school teams in the role of counsel tasked with negotiating a simulated business transaction. This year,
Tech is having a moment, and in Philadelphia, the community engaged in that moment is congregating around the city’s urban core. This was the message Christopher Wink (CLA ’08), Co-Founder and Editorial Director of Technical.ly, delivered when he spoke with law students enrolled in Professor Jonathan Lipson’s Transactional Skills Workshop, a course in which students
Law school is an experience unlike any other. Sometimes that experience is great. Sometimes it is not. Most times, it’s a little of both, and always, it is memorable. Similarly, no one law professor is like another, but you’ll remember them all, for the good, the bad, or the both, long after graduation. Since its
When a corporation is acquired for cash in a merger, Delaware, the corporate home of many public companies, generally provides stockholders with appraisal rights. Appraisal allows dissenting stockholders who comply with the requirements set forth in Section 262 of the Delaware General Corporation Law to seek a judicial determination of the “fair value” of their