Action to “pierce corporate veil” fails—Another creditor spurnedBy Stephen M. ProctorJune 2013The recent case of On Command Video Corporation v. Samuel J. Roti follows other cases in which the 7th Circuit has shown itself decidedly unfriendly to creditors who sought compensation through the courts in failed business ventures but could have, but failed, to prevent their unfortunate situation.
A new defense to malpractice claims for securities litigatorsBy John R. SchleppenbachJune 2013Securities class action litigators may now defend malpractice actions on the grounds that an award of attorneys’ fees in a class action includes a conclusive determination that counsel’s representation was adequate.
A new option for resolving investment fraud disputesBy Laurence M. LandsmanJuly 2013This article provides the analytical framework for deciding whether to arbitrate a securities dispute involving a registered investment advisor within the FINRA Dispute Resolution process rather than file a lawsuit and litigate the claims in court.
Shareholder disputes: What is the appropriate standard of value?By Brian R. PotterMay 2013Shareholder and partner disputes can arise for a variety of reasons. Parties to these disputes should be cognizant of the nuances that may be involved in the valuation of interests in closely held businesses in such matters, including the appropriate standard of value to be applied.