Wednesday, June 10, 2020

More Wiley Wisdom

2/8's Justice Wiley starts off this published opinion here with some sound advice destined to be quoted in future cases:
We publish to underline that contemporaneous time records are the best evidence of lawyers’ hourly work. They are not indispensable, but they eclipse other proofs. Lawyers know this better than anyone. They might heed what they know.

Not impressed? Well how's this for a start to another published Wiley opinion today:
A funnel hovered over the American West. Into the large end went investor dollars and investor dreams. Out the little end streamed dollars into Las Vegas, where a Nevada intermediary made loans to Nevada land developers who had high hopes for big projects. The funnel channeled over $40 million in 2006 and 2007. But remember what happened next: the subprime meltdown. The investors ended up getting back just 17 cents on the dollar. They sued the developers. The question is where. Where can this suit proceed? 
A Violation of Trust: Fraud Risk in Nonprofit or Not-for Profit ...