WORKING GROUP ON LEGAL OPINIONS FOUNDATION
301 N MARKET STREET NO 1414, WILMINGTON, DE 19801 www.wglo.net

Total Revenue
$264,555
Total Expenses
$138,250
Net Assets
$817,322

Organizations Filed Purposes: THE MISSION IS TO BRING TOGETHER ALL CONSTITUENCIES CONCERNED WITH GIVING AND RECEIVING LEGAL OPINIONS IN ORDER TO FOSTER A NATIONAL OPINION PERSPECTIVE, BROADEN THE CONSENSUS THAT EXISTS AND PROVIDE A CONTINUING FORUM FOR DISCUSSION OF OPINION ISSUES.

SEMINAR - THE FALL 2019 SEMINAR OF THE WORKING GROUP ON LEGAL OPINIONS FOUNDATION ("WGLO") HAD A BROAD AGENDA. PROGRAMS OF NOTE INCLUDED: (1) TRENDS AND LESSONS: RECENT ALAS CLAIMS ARISING FROM LEGAL OPINIONS; (2) LEGAL OPINIONS AND THE RESTATEMENT OF THE LAW THIRD, TORTS: LIABILITY FOR ECONOMIC HARM; (3) CURRENT ISSUES: TRUE SALE AND NONCONSOLIDATION OPINIONS; (4) TOWARD DEFINING A PROTOCOL: THE RESPONSIBILITIES OF RECIPIENT'S COUNSEL TO ITS CLIENT; (5) RECIPIENT INTRANSIGENCE: ADDRESSING DEMANDS OF GOVERNMENTAL AGENCIES AND OTHER INSTITUTIONS FOR OPINIONS INCONSISTENT WITH CUSTOMARY PRACTICE; (6) RECENT OPINION DEVELOPMENTS; (7) TAKEAWAY: RELATING COURT DECISIONS IN THE PRINCIPAL OPINION CASES TO OPINION CUSTOMARY PRACTICE; (8) CURRENT ETHICS ISSUES RELATING TO OPINIONS; (9) LEGAL OPINIONS IN THE CONTEXT OF TRANSACTIONS WHERE LEGALITY OR LEGAL CHARACTERIZATION MAY BE IN QUESTION, WITH A FOCUS ON CANNABIS AND DIGITAL ASSETS; (10) RENDERING OPINIONS ON THE LAWS OF JURISDICTIONS IN WHICH THE OPINION PREPARER DOES NOT REGULARLY PRACTICE: CONTEXTS AND RISKS; AND (11) THE ENFORCEABILITY OF BIFURCATED CHOICE OF LAW CLAUSES IN MORTGAGES, SECURITY AGREEMENTS AND OTHER DOCUMENTS.

WEBINARS - WGLO CONDUCTED FOUR WEBINARS DURING THE YEAR. THE TOPICS WERE: (1) REVIEWING THE AMENDMENTS TO THE DELAWARE REVISED UNIFORM LIMITED PARTNERSHIP ACT (2019) AND TO THE DELAWARE LIMITED LIABILITY COMPANY ACT (EFFECTIVE 2019) FROM A PRACTITIONER'S PERSPECTIVE; (2) RECENT OPINION DEVELOPMENTS: A DISCUSSION OF RECENT CASE LAW AFFECTING LEGAL OPINIONS (PART I); (3) RECENT OPINION DEVELOPMENTS: A DISCUSSION OF RECENT CASE LAW AFFECTING LEGAL OPINIONS (PART II); AND (4) COVID-19: LEGAL OPINION CONSIDERATIONS.

SEMINARS - WGLO CONDUCTS SEMINARS ON QUESTIONS RELATING TO THIRD PARTY LEGAL OPINION PRACTICE AND RELATED AREAS. ATTENDANCE IS ORDINARILY ABOUT 125. MEMBERS ARE ENTITLED TO DESIGNATE ONE ATTENDEE FOR EACH SEMINAR. WGLO'S MEMBERSHIP INCLUDES LAW FIRMS, BAR ASSOCIATIONS AND OTHERS INTERESTED IN LEGAL OPINION PRACTICE IN BUSINESS LAW, REAL ESTATE, MUNICIPAL BOND, INTERNATIONAL, TAX AND OTHER AREAS FROM ACROSS THE COUNTRY. AS A RESULT, THE WGLO SEMINARS PROVIDE A PROPER SETTING TO DEBATE SIGNIFICANT ISSUES INVOLVING LEGAL OPINION PRACTICE.EDUCATION ABOUT LEGAL OPINION PRACTICE IS CENTRAL TO WGLO'S MISSION. THERE ARE NO NATIONAL EDUCATIONAL PROGRAMS FOR LEGAL OPINION PRACTICE, ALTHOUGH SPECIALIZED PROGRAMS ARE PRESENTED FROM TIME TO TIME BY BAR ASSOCIATIONS, LAW FIRMS AND OTHERS. OUR PROGRAMS HAVE INCLUDED, IN 2014, A BOOT CAMP PROGRAM OF WGLO AIMED AT YOUNGER LAW FIRM OPINION COMMITTEE MEMBERS. FUTURE PRESENTATIONS OF THE BOOT CAMP PROGRAM, INCLUDING SUBJECT MATTER, FORMAT AND ATTENDANCE FEES, ARE BEING CONSIDERED BY WGLO'S LEADERSHIP.JOINT COMMITTEE WITH ABA/BLS - WGLO IS CONCERNED WITH BROADENING THE CONSENSUS THAT EXISTS ABOUT LEGAL OPINION CUSTOMARY PRACTICE. IN THAT REGARD, WGLO HAS BEEN ENGAGED IN A JOINT PROJECT WITH THE LEGAL OPINIONS COMMITTEE OF THE BUSINESS LAW SECTION OF THE AMERICAN BAR ASSOCIATION. THAT PROJECT HAS PRODUCED A STATEMENT OF OPINION PRACTICES AND RELATED CORE OPINION PRINCIPLES WHICH HAS BEEN APPROVED BY MANY BAR ASSOCIATIONS AND OTHER LAWYER GROUPS.WGLO AS INCUBATOR - WGLO ATTENDEES ARE LEADERS OF LEGAL OPINION PRACTICE NATIONALLY. IN PARTS OF THE SEMI-ANNUAL SEMINAR PROGRAMS, ATTENDEES MEET TO DISCUSS ISSUES OF COMMON INTEREST IN SMALLER GROUPS. THESE GROUPS SOMETIMES DECIDE TO TAKE ADDITIONAL STEPS TO HELP THE LEGAL OPINION COMMUNITY DEAL WITH A SPECIFIC PROBLEM OR APPROACH. WGLO FOSTERS THESE GROUPS SINCE THE STEPS THEY TAKE, WHICH MAY INCLUDE PUBLISHING, INCREASE AND STRENGTHEN OPINION UNDERSTANDING AND THE OPINION LITERATURE. IN ADDITION WGLO, IN CONJUNCTION WITH ITS SEMINAR PROGRAM, HAS SPONSORED PROGRAMS AND SESSIONS THAT HAVE RESULTED IN A SERIES OF ARTICLES PREPARED BY SEMINAR ATTENDEES. AT LEAST ONE OTHER GROUP OF WGLO ATTENDEES IS WORKING ON A SPECIFIC PROJECT REGARDING LOCAL COUNSEL OPINION PRACTICE.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Stanley KellerVICE CHAIR (PLANNING)5$0
Stephen C TarryDIRECTOR2$0
Lydia C StefanowiczDIRECTOR2$0
James SmithDIRECTOR2$0
Craig SingerDIRECTOR2$0
Philip B SchwartzDIRECTOR2$0
Ettore A SantucciDIRECTOR2$0
Allen K RobertsonDIRECTOR2$0
Robert S RisoleoDIRECTOR2$0
Norman PowellDIRECTOR2$0
Charles L MengesDIRECTOR2$0
Scott W MaccormackDIRECTOR2$0
Elizabeth LeckieDIRECTOR2$0
Sharon A KroupaDIRECTOR2$0
Timothy G HoxieDIRECTOR2$0
Donald W GlazerDIRECTOR2$0
Richard N FraschDIRECTOR2$0
Arthur A CohenDIRECTOR2$0
Sylvia Fung ChinDIRECTOR2$0
Willis R Buck JrDIRECTOR2$0
David BrittenhamDIRECTOR2$0
J Truman BidwellDIRECTOR2$0
Steven O WeiseVICE CHAIR (PLANNING)5$0
Louis G HeringVICE PRESIDENT5$0
William A YemcVICE PRESIDENT AND TREASUR5$0
Reade H Ryan JrVICE PRESIDENT AND SECRETA5$0
Gail MerelVICE PRESIDENT AND EDITOR-5$0
Andrew M KaufmanPRESIDENT AND BOARD CHAIRP5$0

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