Legal Updates
Please Note: The Pircher, Nichols & Meeks web site only posts entire legal updates for those published since 2000. All legal updates prior to 2000 have been listed below and are available for your review upon request. Please contact the librarian or Jennifer Jones at 310-201-8900 to obtain complete copies of such legal updates.
2010
1. "Fast Fading Creditors’ Rights Coverage"
Dated February 12, 2010 (prepared by Eugene J. M. Leone, Esq., Michael J. McKeever, Esq. and Daniel D. Lindgren, Esq.)
2. "New Illinois Law Targets Condominium Projects in Distress"
Dated February 10, 2010 (prepared by Eugene J.M. Leone, Esq. and Brittany E. Thornton, Esq.)
3. "New California Proposition 13 Reporting Requirements Effective January 1, 2010"
Dated February 3, 2010 (prepared by Richard J. Kaplan, Esq. and Michael D. Soejoto, Esq.)


2009
1. "New IRS Revenue Procedure Should Provide Greater Flexibility in REMIC Loan Workouts"
Dated September 18, 2009 (prepared by Richard J. Kaplan, Esq. and Michael D. Soejoto, Esq.)
2. "A Chicago Landmark Decision"
Dated June 30, 2009 (prepared by Eugene J. M. Leone, Esq. & William H. Schriver, Esq.)
3. "Not a Moment Too 'Schoon'; Delaware Directors May Now Rest Easy, as Amendment Overturns Controversial Case"
Dated June 29, 2009 (prepared by Barry A. Brust, Esq.)
4. "Vested Rights Case Favors Developers; Serves as Cautionary Tale"
Dated April 8, 2009 (prepared by Eugene J. M. Leone, Esq. & Brittany E. Thornton, Esq.)
5. "Ignorance of the Lease Is No Excuse"
Dated March 25, 2009 (prepared by Eugene J. M. Leone, Esq. & William H. Schriver, Esq.)
6. "Confidentiality Agreements in the Current Marketplace: A Carve-Out to Permit Debt Investments as an Alternative to Equity Investments"
Dated February 4, 2009 (prepared by Bryan H. Helfer, Esq.)
7. "Illinois Court of Appeals Permits Veil Piercing of Delaware LLC"
Dated January 16, 2009 (prepared by Eugene J. M. Leone, Esq. & Katherine P. Casale, Esq.)


2008
1. "The Emergency Economic Stabilization Act of 2008: Possible Impacts on the Real Estate Market"
Dated October 10, 2008 (prepared by Douglas E. Lahammer)


2007
1. "Seller Inadvertently Voids Sale Contract by Reserving Right to Waive California Subdivision Map Approval"
Dated February 2, 2007 (prepared by Jeffrey N. Brown, James L. Goldman, I. Bruce Speiser, Alan S. Petlak, Linda M. Donner)


2005
1. "Predispute Jury Trial Waivers Are Unenforceable in California"
Dated August 5, 2005 (prepared by Jeffrey N. Brown, PNM Doc. No. 5373548.1)


2004
1. "New California Law May Make Owners Responsible for Service Providers' Noncompliance with Law"
Dated March 24, 2004 (prepared by Herb Meyers, PNM Doc. No. 588189.7)
2. "Bankruptcy Court Treats Letter of Credit Like Security Deposit"
Dated March 24, 2004 (prepared by Steven P. Heller, PNM Doc. No. 598157.13)


2002
1. "Wheelchair Seating in Front of Stadium Theaters Violates ADA"
Dated December 5, 2002 (prepared by Phillip G. Nichols, PNM Doc No. 502968.4)
2. "Franchisor Parent Company Liable for Captive Subsidiary’s Obligations Under Lease"
Dated October 4, 2002 (prepared by M. Rosie Rees, PNM, Doc No. 750991.2)
3. "Lender Required to be Reasonable in Determining Satisfaction of Disbursement Condition"
Dated August 19, 2002 (prepared by prepared by Stevens A. Carey and Ajay Gupta, PNM Doc No. 486509.7)
4. "Non-Fiduciary Held Not Liable for Conspiring to Breach Fiduciary Duty Owed by Fiduciary"
Dated August 14, 2002 (prepared by James L. Goldman, PNM Doc No. 488423.2)
5. "Commercial Landlords May Accept Partial Rent Payments"
Dated January 14, 2002 (prepared by Aaron Friedland, PNM Doc No. 466899.8)


2001
1. "California Eliminates Duplicative LLC Fees"
Dated December 2, 2001 (prepared by Richard J. Kaplan, Phillip G. Nichols and Samuel Fortenbaugh, PNM Doc No. 460148.1)
2. "Lender Required to Give Acceleration Notice for Default Interest Rate to Apply"
Dated October 12, 2001 (prepared by James L. Goldman, PNM Doc No. 458538.3)
3. "California Foreclosures: Beware of Consensual Bidding Arrangements!"
Dated May 21, 2001 (prepared by David L. Packer, PNM Doc No. 441698.2)
4. "Leasehold Loan Workouts: Lenders Beware of Assuming a Lease in Lieu of Foreclosure!"
Dated May 21, 2001 (prepared by John H. Irons, PNM Doc No. 441194.4)
5. "Borrower Must Pay Lender Punitive Damages for Failure to Pay Property Taxes—Even Though Loan Was Nonrecourse!"
Dated February 5, 2001 (prepared by Douglas E. Lahammer and Susanne M. MacIntosh, PNM Doc No. 430817.2)
6. "Standard & Poor’s Announces New Defeasance Criteria"
Dated January 25, 2001 (prepared by Douglas E. Lahammer, PNM Doc No. 429174.4)


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