Category Archives: PLI Press

Treatise Update: Hillman on Documenting Secured Transactions

As case law exposes costly and needless drafting errors and as courts wrestle with applying a complex law to increasingly intricate deals, Hillman on Documenting Secured Transactions: Effective Drafting and Litigation aims to share best practices in documenting secured transactions within the broad legal framework and to maintain its role as the leading practical guide for attorneys drafting and litigating under Article 9 of the Uniform Commercial Code. 

Updated content from the new release includes:

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Treatise Update – Trade Secrets: A Practitioner’s Guide (Second Edition)

Trade Secrets: A Practitioner’s Guide  discusses all aspects of protecting trade secrets.  It provides sample forms, checklists, and trial testimony from actual cases.  The treatise compares and contrasts trade-secret protection with other forms of intellectual property such as copyright, patents, and trademarks.

This release contains new discussions of the law of trade secrets and related topics. Highlights include:

Chapter 4

  • Secrecy ended by disclosure: Updates to § 4:9.3 include coverage of Attia v. Google LLC, where the Ninth Circuit affirmed dismissal of a claim under the DTSA, finding that disclosure of the subject matter of a trade secret in a published patent application vitiated its trade secret status.
  • Security measures: Updates to § 4:13 include coverage of Inteliclear, LLC v. ETC Global Holdings, Inc., where the Ninth Circuit reversed summary judgment for the defendant in a trade-secret misappropriation case, disagreeing with the district court’s conclusion that insufficient secrecy was pleaded.

Chapter 5

  • Ownership: New § 5:11 focuses on Advanced Fluid Systems, Inc. v. Huber, where the Third Circuit ruled that a contractor on a NASA project that possessed trade secrets but did not own them could bring a misappropriation claim. (Other issues in this case are covered in § 4:13 on security measures and § 13:3.7 on punitive damages.)

Chapter 6

  • Wrongful means: New § 6:12 examines Compulife Software Inc. v. Newman, a case involving a misappropriation-by-use claim in which the Eleventh Circuit ruled, among other things, that a magistrate judge had erred in reasoning that the public availability of quotes on the plaintiff’s site automatically precluded a finding that scraping those quotes constituted misappropriation.

Chapter 10

  • Identifying trade secrets with specificity: Updates to § 10:9.1 include discussion of TLS Management and Marketing Services, LLC v. Rodriguez-Toledo, an appellate decision addressing the plaintiff’s burden of establishing that a trade secret exists and the enforceability of nondisclosure agreements.

Chapter 13

  • Unjust enrichment: Updates to chapter 13 include discussion of Epic Systems Corp. v. Tata Consultancy Services Ltd., where the court of appeals affirmed an award of unjust enrichment damages (see § 13:3.5) and found that the punitive damages award was justified by the evidence but unconstitutional in amount (see § 13:3.7).

Table Authorities and Index

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Treatise Update: Hedge Fund Regulation (Second Edition)

Covering one of the most dynamic sectors of the asset management industry, Hedge Fund Regulation (Second Edition) is a comprehensive guide providing insight into the history, investment strategies, structure, management, and market activities of hedge funds.  It addresses current regulatory concerns that impact these innovative investment vehicles, their managers, and investors. 

This seventeenth release to the treatise updates it with the latest considerations in structuring, launching, and operating a hedge fund. Highlights include:

  • Chapter 4, Private Placement. Now discusses the recent adoption of new Rule 152 that contains a single safe harbor simplifying the integration framework for securities offerings under the Securities Act of 1933.
  • Chapter 5, Commodity Pools. Revised in conjunction with other chapter updates.
  • Chapter 6, Marketing the Manager. Significantly updated to address the new Marketing Rule under the Investment Advisers Act of 1940.
  • Chapter 8, Anti-Money Laundering Regulations. Adds a discussion of the Anti-Money Laundering Act of 2020.
  • Chapter 13, Compliance. Revised to reflect revisions to the SEC’s whistleblower program.
  • Chapter 14, Books and Records. Updated with changes resulting from the SEC’s new Marketing Rule and revisions to CFTC Form CPO-PQR.
  • Chapter 18, Commodity Pool Operators and Commodity Trading Advisers. Adds discussion of amendments to CFTC Regulation 3.10(c) that provides a registration exemption for non-U.S. commodity pool operators (CPOs); new NFA Compliance Rule 2-50 requiring registered CPOs to notify the NFA upon the occurrence of certain events affecting a commodity pool operated by the CPO; and a new NFA requirement requiring Registered CPOs and Commodity Trading Advisers to adopt a written supervisory framework for outsourcing the performance of regulatory functions to third parties.
  • Chapter 24, Disclosures of Market Participation. Expanded discussion of Sections 13(d) and 16 under the Securities Exchange Act of 1934 and a new section addressing the CFTC’s Speculative Position Limits.
  • Chapter 26, Derivatives Markets Participants. Revisions including those addressing final CFTC regulations imposing capital requirements on swap dealers and major swap participants that are not subject to the capital requirements of a prudential regulator, and those governing real-time swaps public reporting, swaps regulatory reporting, and swaps data verification.

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New Title! FinTech, RegTech, and the Financial Services Industry

PLI Press is proud to announce the publication of the new treatise FinTech, RegTech, and the Financial Services Industry.

Editor Clifford Kirsch, a leading securities lawyer with more than 25 years of regulatory, corporate counsel, and private practice experience, and a team of 39 experts offer extensive analysis of the legal and compliance issues arising out of the increasingly rapid developments in financial technology, including crowdfunding, blockchain technology and cryptocurrency, and the advent of robo-advisors, and the emerging regulatory framework.

Divided into seven parts, this treatise:

  • Provides introductory discussions tracing the development of fintech, regtech, and suptech, as well as a review of the regulatory agencies that cover financial products and services that fall under the fintech umbrella.
  • Examines the business applications of fintech and their attendant regulatory implications, such as the use of digital technology by financial services firms to interact with customers; raising equity capital through the SEC’s Regulation Crowdfunding; and more.  
  • Covers the concept of creating a general ledger through blockchains, which can be relied upon by the public as a source of information of ownership.
  • Examines the issues that arise when considering the handling and use of data by fintechs.
  • Considers anti-money laundering in the fintech context.
  • Provides a discussion of the legal effectiveness of electronic signatures, electronic records, electronic delivery (“e-delivery”) of records, and electronic retention of records.
  • Discusses firms’ integration of data analytics into their compliance programs, as well as regulators’ use of data analytics to surveil financial markets for potential misconduct.

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PLI Chronicle: Special AALL Edition

Dear Readers,

PLI launched the online journal the PLI Chronicle in September 2020 with a simple mission: to present engaging and timely discussions about the legal industry from a diverse range of perspectives. Chronicle editor Alyse Greer explains, “Since everyone offers value to their fellow industry associates, all legal and accounting professionals are encouraged to submit articles. The publication gives authors a platform to educate others and the freedom to write in their own voices.”

We compiled this “special edition” of the Chronicle from articles published in previous issues as a way to familiarize librarians with this new content type. The selection reflects what we identified as themes running throughout this year’s American Association of Law Libraries (AALL) conference: 1) Diversity, equity, and inclusion in the legal profession; 2) The future of legal technology, education, and research; and 3) Mental health for legal practitioners.

In the articles below, you’ll find wellness tips from an attorney who overcame depression and addiction; a two-part look into the Internet of Things and open source software; musings on the role of curiosity in fostering inclusion and diversity initiatives; and more. You don’t need a subscription to read these articles. Everything published in the Chronicle is available for anyone and everyone to read. All you need is a PLI account, which is both free and easy to set up.

Our hope is that this curated edition will enhance the conference experience and perhaps even inspire some of our colleagues in law libraries to publish with us.

Jennifer Fiore, J.D., M.A.
Associate Legal Editor, Publishing and PLI Plus

New Edition! Legal Guide to the Business of Marijuana

PLI Press is proud to announce the publication of the new edition of Legal Guide to the Business of Marijuana: Cannabis, Hemp and CBD Regulation (2021 Edition).

This is a unique resource for lawyers who represent clients in the fast-growing legal cannabis industry. For lawyers new to representing marijuana clients, the authors provide an understanding of the definitions of marijuana and other cannabis products, as well as a review of the policy and political issues that have led to the controversy and uncertainty of the current environment.

The book also offers critical guidance on a wide range of interrelated topics, including:

  • The complex and varying state regulation of medical and non-medical marijuana;
  • Federal law, enforcement, and preemption and their implications for employment, taxes, and banking;
  • Various aspects of establishing and managing a marijuana enterprise, including the growing, licensing, labeling, transporting, and distribution of marijuana and related products.

The new edition adds the latest on regulation of CBD products, the Final Rule for the Establishment of a Domestic Hemp Production Program, and the laws of the latest states to adopt some form of cannabis legalization—New Mexico, New York, South Dakota, and Virginia.

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New Edition! Thinking Like a Writer: A Lawyer’s Guide to Effective Writing and Editing

PLI Press is proud to announce the publication of Thinking Like a Writer: A Lawyer’s Guide to Effective Writing and Editing (Fourth Edition).

A longtime favorite among PLI customers, this book provides practical advice to help lawyers strengthen their writing skills by “thinking like a writer” as effectively as they already think like a lawyer. It highlights guiding principles for writing clearly about complicated material and establishing credibility with demanding readers, and then turns those principles into specific techniques that apply to many types of documents and audiences.

  • Part I introduces the approach and principles that can guide lawyers in “thinking like a writer.”
  • Part II applies the guiding principles to a document’s organization.
  • Part III applies guiding principles to specific types of legal writing: letters, memoranda, and emails; briefs; and judicial opinions.
  • Part IV applies the principles to the smaller scale of paragraphs and sentences.
  • Part V applies the principles to the editing process, for both self-editing and editing the work of others.

Throughout, chapters include before-and-after examples to demonstrate how writing and editing can be improved by following the advice offered in the book.

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Treatise Update: Proskauer on Privacy

Proskauer on Privacy: A Guide to Privacy and Data Security Law in the Information Age provides essential guidance to organizations on how to develop compliance programs, ensure data privacy and security, prevent cybercrime, and avoid or minimize fines, penalties, litigation, damages, and negative publicity.

Updated content from the new release includes:

  • Chapter 3, Medical Privacy, notes proposed changes to the HIPAA Privacy Rule to support individuals’ engagement in their care, remove barriers to coordinated care, and reduce regulatory burdens on the health care industry.
  • Chapter 9, Workplace Privacy, updates discussion of privacy concerns regarding COVID-19 infections; cannabis screening of employees and potential hires; use of biometrics; and recent NLRB rulings.
  • Chapter 13, Canadian Privacy Law, adds discussion of the statutory tort of invasion of privacy enacted in British Columbia, Saskatchewan, Manitoba, and Newfoundland; proposed amendments to PIPEDA under Bill C-11, which takes some lead from the GDPR; and proposed amendments to Quebec’s PIPA.
  • Chapter 17, Data Breach Litigation, incorporates summaries of recent significant data breach litigation, and expands circuit-specific discussions of the courts’ approaches to various issues including standing, causes of action, and damages.

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New Treatise! Principles of Appellate Litigation

PLI Press is proud to announce the publication of Principles of Appellate Litigation: A Guide to Modern Practice.

This treatise is an expert guide to appellate litigation as it is practiced today. It covers all aspects of appellate practice, from issue preservation at trial to Supreme Court review, helping readers to: (1) plan an approach for handling an appeal from start to finish, (2) learn specific techniques and strategies for improving their written and oral advocacy, and (3) answer common procedural and technical questions.

For generalist litigators and inexperienced appellate lawyers, this book provides an invaluable introduction to modern appellate practice. For the experienced attorney looking to take his or her skills to the next level, leading appellate advocate Mark D. Harris and a team of expert litigators offer hard-won insights into doctrine, strategy, and technique.

Written in the engaging, thoughtful, and thorough style one would expect from top appellate practitioners, the book also includes practice tips, checklists, and excerpts from actual briefs analyzing the strategic choices of the authors as well as the mechanics of their written advocacy.

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Treatise Update – Langer on Practical International Tax Planning

Langer on Practical International Tax Planning (Fifth Edition) provides current knowledge and expert advice attorneys need to help clients capitalize on ripe tax havens and financial centers. Stocked with case studies that illustrate sound planning approaches, this book delivers the latest word on the legal, tax, business, financial, social, political, technological, geographical, and regional factors to consider when developing and implementing customized planning strategies for clients.

Highlights from the fourth release of the Fifth Edition include:

  • Revised section on Dual Nationality explains that when a taxpayer works in the United States and another jurisdiction, it presents challenges under the Social Security system, including double taxation, incomplete coverage, or loss of continuity of coverage (see section 11:4.1).
  • Revised section on Foreign Bank Account Reporting (FBAR) Rules discusses how a “willful violation” of the FBAR reporting requirement includes both knowing and reckless violations, even though more is required to sustain a criminal conviction for a willful violation of the same requirement; in sum, “willfulness” includes “recklessness” (see section 30:2.3).
  • New section on Sale or Exchange of Partnership Interest explores regulations issued in November 2020, which (1) retain the ten-year exception as an exception to the determination of deemed sale effectively connected gain and loss; and (2) provide rules for the sourcing of deemed sales gain and loss (see section 34:3.2[E]).
  • New section on Foreign Life Insurance Companies examines the domestic asset/liability percentages and domestic investment yields needed by foreign life insurance companies and foreign property and liability insurance companies to compute their minimum effectively connected net investment income under section 842(b), for tax years beginning after December 31, 2018 (see section 43:2.1[D]).

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