Jonathan Spigel

GET OUT OF JAIL CARDS FOR LEVERAGED BUYOUT FRAUDULENT TRANSFERS

Though the pandemic is the cause of the rising number of retail bankruptcies, major retailers were facing cash flow and insolvency issues prior to COVID-19.  Many of them were over-leveraged by virtue of funding the leveraged buyouts of prior ownership.  With the change in the retail environment, retailer buyers could [...]

The Retail Apocalypse Continues

Retailers are reporting that at least 4,300 stores will close in 2020 and that this number will increase.  Prior to the pandemic, Cushman & Wakefield estimated that as many as 12,000 major chain stores could close in 2020.  Coresight Research predicted 15,000 store closures prior to the pandemic and have [...]

Exemplary Damages — Re-Visiting the Damages Cap Calculation

In an appeal of a jury award in an asbestos/ mesothelioma wrongful death case, the Dallas Court of Appeals had the opportunity to re-visit the statutory cap provision addressing exemplary/punitive damages awards.  Specifically, in The Goodyear Tire & Rubber Company v. Vicki Lynn Rogers case, the appellate court focused on [...]

Contracts — A New Spin on the “Battle of the Forms” Conundrum

In most first-year law school Contracts courses, law students learn about the practical business conundrum of the “battle of the forms,” where a prospective buyer and seller exchange written proposals to buy and sell goods and/or services in the hopes of reaching the offer-acceptance-consideration formula necessary for a valid contract.  [...]

Texas Supreme Court Weighs in on the Admissibility of Surveillance Video

"A picture is worth a thousand words" is a saying well-known in both layman’s circles and in the law.  In court, videotaped evidence can speak volumes.  Because of the importance of such evidence – whether in the form of deposition testimony, party/witness surveillance, or expert-related experiments/testing – courts need [...]

Hospitality Liability for Human Trafficking

A recent University of Texas study estimated that “234,000 people of all ages work under involuntary servitude or debt bondage in Texas. Meanwhile, about 79,000 children and young adults are coerced or deceived into prostitution...”~ Austin American Statesman, Jan. 24, 2017 Effective June 19, 2009, the Texas Legislature enacted Chapter [...]

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