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Neota Logic and SeyfarthLean Introduce Crowdfunding Software
March 26, 2014
Neota Logic Inc., the legal process application platform provider, has teamed up with SeyfarthLean Consulting, a subsidiary of Seyfarth Shaw, to launch Disclosure Dragon software for crowdfunding, according to a statement. The software has been developed on the Neota Logic Server to assist companies and crowdfunding portals with the legal and financial disclosure required for offerings under the Jumpstart Our Business Startups Act of 2012. In September, the JOBS Act changed a rule to allow private...
March 26, 2014
Neota Logic Inc., the legal process application platform provider, has teamed up with SeyfarthLean Consulting, a subsidiary of Seyfarth Shaw, to launch Disclosure Dragon software for crowdfunding, according to a statement. The software has been developed on the Neota Logic Server to assist companies and crowdfunding portals with the legal and financial disclosure required for offerings under the Jumpstart Our Business Startups Act of 2012. In September, the JOBS Act changed a rule to allow private...
At Harvard Law, Talk of Disruptive Innovation
March 26, 2014
"What if every lawyer worked at the same level of best practices? If technology could capture those best practices and help lawyers understand all this information, you would have fundamental change," he said. "This won't replace humans, it will augment them." Suh similarly characterized his company as a disruptive innovator. "Did we simplify a complex problem? Absolutely." Before LegalZoom, 70 percent of Americans did not have a will, he noted. Now, it is down to 50 percent. "More Americans are being...
March 26, 2014
"What if every lawyer worked at the same level of best practices? If technology could capture those best practices and help lawyers understand all this information, you would have fundamental change," he said. "This won't replace humans, it will augment them." Suh similarly characterized his company as a disruptive innovator. "Did we simplify a complex problem? Absolutely." Before LegalZoom, 70 percent of Americans did not have a will, he noted. Now, it is down to 50 percent. "More Americans are being...
Mental Illness Rejected as Basis for Undoing Mediated Settlement Agreement
March 26, 2014
A party who settled in mediation later claimed that he was mentally ill and should not be bound by the settlement agreement, but a Wisconsin appellate court upheld the agreement based on the trial court’s determination that the mental illness was a personality disorder and did not impact the party’s cognitive abilities, the fact that he was represented by counsel in the mediation, and the legal presumption that everyone is fully competent until proven otherwise. In re Estate of Jackowski,...
March 26, 2014
A party who settled in mediation later claimed that he was mentally ill and should not be bound by the settlement agreement, but a Wisconsin appellate court upheld the agreement based on the trial court’s determination that the mental illness was a personality disorder and did not impact the party’s cognitive abilities, the fact that he was represented by counsel in the mediation, and the legal presumption that everyone is fully competent until proven otherwise. In re Estate of Jackowski,...
Court Removes Arbitrator Over LinkedIn Disclosure Raising Doubt About Impartiality
March 26, 2014
The district court granted a motion to remove an arbitrator from presiding over an ongoing arbitration because of his failure timely to disclose a business pursuit that was likely to give rise to doubt regarding his impartiality. Sussex v. Turnberry/MGM Grand Towers, LLC, No. 08-cv-00773 (D. Nev. Dec. 31, 2013). Two years after his appointment, the arbitrator updated his LinkedIn profile to announce that he had recently refocused his practice to concentrate on the field of Litigation Finance...
March 26, 2014
The district court granted a motion to remove an arbitrator from presiding over an ongoing arbitration because of his failure timely to disclose a business pursuit that was likely to give rise to doubt regarding his impartiality. Sussex v. Turnberry/MGM Grand Towers, LLC, No. 08-cv-00773 (D. Nev. Dec. 31, 2013). Two years after his appointment, the arbitrator updated his LinkedIn profile to announce that he had recently refocused his practice to concentrate on the field of Litigation Finance...
New Federal Appeals Cases Dropped in 2013
March 25, 2014
The number of new cases filed in federal appellate courts nationwide, excluding the U.S. Court of Appeals for the Federal Circuit, decreased by 1.8 percent in 2013, according to new data the judiciary released Tuesday.
March 25, 2014
The number of new cases filed in federal appellate courts nationwide, excluding the U.S. Court of Appeals for the Federal Circuit, decreased by 1.8 percent in 2013, according to new data the judiciary released Tuesday.
Basis Goes To Intel For Around $100M
March 25, 2014
Intel has won the Basis auction, we’re hearing, at a price of around $100 million, according to one source. A second source pegs the deal at closer to $150 million. Basis makes wristwatch health trackers, capturing 7 percent of the market versus competitor Jawbone’s 21 percent. As Intel was all about the wearables this year at CES, we’re assuming that this buy is an attempt to further its foothold (wristhold?) in the space. Intel made a lot of noise with its own reference designs...
March 25, 2014
Intel has won the Basis auction, we’re hearing, at a price of around $100 million, according to one source. A second source pegs the deal at closer to $150 million. Basis makes wristwatch health trackers, capturing 7 percent of the market versus competitor Jawbone’s 21 percent. As Intel was all about the wearables this year at CES, we’re assuming that this buy is an attempt to further its foothold (wristhold?) in the space. Intel made a lot of noise with its own reference designs...
Reports Released on 2013 Federal Court Caseloads, Activities
March 25, 2014
An in-depth look at the caseload of the federal courts can be found in the2013 Judicial Business of the U.S. Courts, released...
March 25, 2014
An in-depth look at the caseload of the federal courts can be found in the2013 Judicial Business of the U.S. Courts, released...
$85K Agreed Judgment Securing $38K Mediated Settlement Held Unenforceable Penalty
March 25, 2014
Michael Schweitzer gave a promissory note to Lennox Purcell in the amount of $85,000. When Schweitzer defaulted on the note, Lennox filed suit to recover the money he was owed. The parties signed a settlement agreement, according to which Schweitzer agreed to pay Purcell $38,000, along with interest at a rate of 8.5 percent over 24 months. The settlement agreement also stated that Schweitzer had to make the monthly payments at the beginning of each month, and that a late payment constituted...
March 25, 2014
Michael Schweitzer gave a promissory note to Lennox Purcell in the amount of $85,000. When Schweitzer defaulted on the note, Lennox filed suit to recover the money he was owed. The parties signed a settlement agreement, according to which Schweitzer agreed to pay Purcell $38,000, along with interest at a rate of 8.5 percent over 24 months. The settlement agreement also stated that Schweitzer had to make the monthly payments at the beginning of each month, and that a late payment constituted...
The Neuroscience of Decision Making Explained in 30 Seconds
March 25, 2014
Is it possible to explain the neuroscience of decision making in 30 seconds? I had a go as one of my contributions to a new book called 30-Second Brain that’s released in the USA today. Here’s what I wrote: From Plato’s charioteer controlling the horse of passion, to Freud’s instinctual id suppressed by the ego, there’s a long tradition of seeing reason and emotion as being in opposition to one another. Translating this perspective to neuroscience, one might imagine that successful decision...
March 25, 2014
Is it possible to explain the neuroscience of decision making in 30 seconds? I had a go as one of my contributions to a new book called 30-Second Brain that’s released in the USA today. Here’s what I wrote: From Plato’s charioteer controlling the horse of passion, to Freud’s instinctual id suppressed by the ego, there’s a long tradition of seeing reason and emotion as being in opposition to one another. Translating this perspective to neuroscience, one might imagine that successful decision...
Soft Law in the Organization and General Conduct of Commercial Arbitration Proceedings
March 24, 2014
This commentary examines the growing use of Soft Law - non-binding guidelines that currently play an important role in organizing and conducting commercial arbitration proceedings. Standards such as the UNCITRAL Notes on Organizing Arbitral Proceedings, the ICC Techniques for Controlling Time and Costs in Arbitration, and the Protocols for Expeditious, Cost-Effective Commercial Arbitration have evolved from professional discourse regarding process management and more particular concerns about cost,...
March 24, 2014
This commentary examines the growing use of Soft Law - non-binding guidelines that currently play an important role in organizing and conducting commercial arbitration proceedings. Standards such as the UNCITRAL Notes on Organizing Arbitral Proceedings, the ICC Techniques for Controlling Time and Costs in Arbitration, and the Protocols for Expeditious, Cost-Effective Commercial Arbitration have evolved from professional discourse regarding process management and more particular concerns about cost,...
