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Courts have struggled with the interpretation of the 2019 amendment to Section 547, specifically whether the due diligence requirement is an element of a preference claim that must be adequately pleaded in the plaintiff’s complaint. While the law is still developing, there are three important takeaways for trustees to consider.        

“Simply refusing to get involved or pretending it doesn’t exist is not a strategy for success. Embracing it wholeheartedly without examining potential pitfalls and mitigating risks is also not a strategy for success,” said Adam Weiss, Relativity’s chief legal officer and chief administrative officer.        

Tom Girardi, 83, was charged on Feb. 1 with stealing at least $18 million from clients of his Los Angeles law firm, Girardi Keese, over the past decade. Others have been indicted. Here, we compiled the reporting in one place.        

“It may not always be easy to hear, but requesting and accepting feedback from your case teams, supervising attorneys, and clients shows a desire to learn and grow and is key to your professional development. And, as you get more senior and supervise others, pay it forward and provide constructive feedback to others.”        

King & Spalding and Paul Weiss are among the latest to secure new, larger space in New York.        

The six-person team is departing ahead of the firm’s merger with Allen & Overy, which will see A&O leaders take charge of the combined firm.        

On Friday, U.S. District Judge Josephine Staton in Los Angeles unsealed her competency order, concluding that the arguments of Girardi’s lawyers were “wholly lacking in credibility,” and some evidence showed “no more than normal age-related decline.”        

A Utah appeals court tossed a defamation suit against the NBA player stemming from a courtside spat with a couple.        

Keep up with Law.com’s coverage of the cases here.        

“I felt a tingle up my spine and my first thought was the worst…they are going to take hostages and they are going to occupy Congress to prevent the Electoral College from certifying the election and basically force the re-inauguration of Trump,” said John Anthony Castro. “It was basically a hare-brained coup d’etat.”