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Tuesday, May 30, 2006

Evaluating the Valuator

The Chattanoogan.com ran a detailed article recently on how to evaluate company appraisals.

Obviously, it is important to identify weaknesses in an opposing expert's valuation report. But your own expert can help with that. Even more important is your ability to objectively evaluate your own expert's report and identify its weaknesses. You don't want to learn about those for the first time from the opposing expert.

Friday, May 19, 2006

Negotiation: Lying or Puffing

The ABA recently issued an ethics opinion addressing false statements of material fact. The opinion attempts to distinguish between "puffing" in the context of negotiations and prohibited false statements of material fact:
Under Model Rule 4.1, in the context of a negotiation, including a caucused mediation, a lawyer representing a client may not make a false statement of material fact to a third person. However, statements regarding a party's negotiating goals or its willingness to compromise, as well as statements that can fairly be characterized as negotiation "puffing,"” ordinarily are not considered "false statements of material fact" within the meaning of the Model Rules.
From a practical standpoint, this distinction makes a great deal of sense. But I would hate to have to defend in court the ABA's justification that "consensual deception is intrinsic to the process" of mediation.

Thanks to Appellate Law and Practice for reporting this opinion.

Tuesday, May 16, 2006

Fast, Cheap DNA Paternity Tests

The Memphis Daily News had an article recently about the increasing use of DNA paternity testing. Memphis-based Test Express, Inc. can provide test results within 48 hours. The cost is $200 to $250, or $525 for a test documenting chain-of-custody for use in court.