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New York Law Journal: Featured Columnists October 2, 2008

By David Badertscher, PLL

<font size="1"> <p><font size="2">If you are already an online subscriber to the New York Law Journal you should be able to click on any of the links provided below, sign in, and access the full text of articles listed.</font></p> <p><a href="http://www.nylj.com" target="_blank"><font size="2">http://www.nylj.com</font></a><font size="2"> \</font></p> <p><font size="2">Subscription required for online access unless otherwise noted:</font></p> <p><a href="http://alm.rsys1.net/servlet/cc6?HtuYQDDUTQSVKIHKLjlkxJhmjlkQklHlLQgPQmkVaVSR" target="_blank"><font size="2"><font color="red">Free With Registration:</font> Southern District Civil Practice Roundup</font></a><br/><font size="2">Thursday, October 2, 2008<br/>By Edward M. Spiro and Judith L. Mogul<br/><br/>"Edward M. Spiro and Judith L. Mogul, principals of Morvillo, Abramowitz, Grand, Iason, Anello & Bohrer, analyze recent cases which indicate that Southern District judges have heeded the Second Circuit's directive to engage in a more probing, robust analysis of the requirements for certifying a class under Rule 23. It is likely that at least in the short run, these rulings will result in more, rather than less litigation as class-action participants engage in a legal tug of war to pull their cases over the dividing line between cases that turn on individualized questions and those where classwide determinations will predominate. In the long run, this heightened supervision of class litigation may result in greater efficiencies for both sides of the class action divide"</font></p> <p><font size="2">OUTSIDE COUNSEL:</font></p> <p><font size="2"> <a href="http://alm.rsys1.net/servlet/cc6?HtuYQDDUTQSVKIHKLjlkxJhmjlkQklHlLQgPQmkVaVSB" target="_blank">Real Estate's 'Perfect Storm': Pros' Sole Option Is Workouts</a><br/>Thursday, October 2, 2008<br/>By Stuart M. Saft<br/><br/>" Stuart M. Saft, a partner at Dewey & LeBoeuf, writes that daily news reports on the softening of the residential real estate market keep flowing as properties throughout the country, sit partially built and unsold. The subprime mortgage collapse further exacerbated the situation, causing the collateralized debt obligations market to disappear and a further instability in commercial mortgage-backed securities to occur. All of these factors have led to a 'perfect storm' scenario, where mortgage loans have defaulted, leaving real estate workouts the only option for many real estate professionals to pursue."</font></p> <p><font color="#333333" size="2">CORPORATE UPDATE:</font></p> <p><font size="2"> <a href="http://alm.rsys1.net/servlet/cc6?HtuYQDDUTQSVKIHKLjlkxJhmjlkQklHlLQgPQmkVaVTS" target="_blank">Secured Transactions</a><br/>Thursday, October 2, 2008<br/>By Alan M. Christenfeld and Shephard W. Melzer<br/><br/>"Alan M. Christenfeld, a senior counsel at Clifford Chance, and Shephard W. Melzer, a partner at Herrick, Feinstein, write that the statutory language prohibiting recipients from disclosing that they have received a National Security Letter is explicit, but the complexities of compliance with an NSL gag order may present challenges to large organizations. For financial institutions, this dynamic amplifies the critical importance of compliance management systems. "</font></p></font>

Full post as published by New York Supreme Court Criminal Term Library on October 02, 2008 (boomark / email).