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Ropes & Gray LLP | USA | 9 Nov 2016

District court holds related funds liable for pension fund withdrawal liabilities

The US District Court for the District of Massachusetts recently concluded that two private equity funds with the same sponsor, investing together in a distressed portfolio company, can be held liable for pension liabilities incurred by the company under the Employee Retirement Income Security Act, even where the ownership interest in the company of each of the funds, when viewed separately,......
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Reed Smith LLP | USA | 28 Aug 2014

Massachusetts enhances protection for celebrities (and others) after death

The Massachusetts Senate has passed S 2022, beginning the process of joining 13 other states that prohibit companies from using celebrities' identities after they die. The bill amends the Massachusetts General Laws to create a post-mortem 'right of publicity' interest. In order to enjoy the bill's protection the personality must be domiciled in Massachusetts as of the date of his or her death.
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Katten Muchin Rosenman LLP | USA | 11 Mar 2011

Court invalidates foreclosures based on ineffective mortgage assignments

A recent court decision held that a foreclosure in Massachusetts that a clear chain of title must be established to show that the party foreclosing is the valid holder of the mortgage. Although the decision is binding only in Massachusetts, the case illustrates the importance for lenders and securitisation trustees of understanding state foreclosure laws and hold all relevant documents before......
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Kramer Levin Naftalis & Frankel LLP | USA | 31 Mar 2010

Value of faithless servant's services during period of disloyalty is irrelevant

The Supreme Judicial Court of Massachusetts has corrected a lower court's interpretation of the New York faithless servant doctrine. It explained that New York law requires that disloyal employees forfeit all compensation earned during the period of disloyalty, regardless of whether the employee also performed valuable services.
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