One malpractice insurer is dedicated to continually serving only Alabama Attorneys and remaining in the Alabama marketplace! AIM: For the Diff ere nee! Atto rneys Insurance Mutu al of Alab ama, Inc.• Telephone (205) 980 -0009 200 Inverness Parkway Toll Freo (800) 526 - 1246 D Birmingham, Alnbomo 35242-4813 FAX (:>05) 980 - 9009 •CHARTER MEMBER: NATIONAL ASSOC IATION OF BA R•RELA TED INSURANC E COMPANIES. Sure, we're the choice of top law firms and Fortune 500 c,ompanies. But you don't r,eed a big name or big casesto get big ta lent. Our profeS$lona1s don't need training wheels, they start performing from day one. So, whether you need an attorney, a paralegal or an entlfe legal department, call ustoday. We'll help you keep yovr project moving right along. (205) 870-3330 • (800) 737-3436 • (205) 870-3337 f ax S~ecial Counser - rFio"c:;l obnl ~tJ.ll(Jt:rIn l..oga/solut/Qns www.spoclalcounsel .com AlabamaBar Institute for Continuing LegalEducation Advancingth e Legal Profession thl'ough Educatlooaod ScrvJce ABlCLE hus been csscntlal to the educ.::ition of Alabama attar, neys pmccicing in the area of bankrupt cy l.nw. The :mnual 1:3ankruptcy Law Seminar , schecl, uled chis year for November 1.6, 200 t, has become a mainscny for dissemi.nacion of rhe latesr in for• rne cion ai1Jdi scussion of rhe bes, p,·acclce mec:hods. Mar,y indi· viduals conrribu1.c r.oI be success of thl 8 prog1-arn,bu es pecial rhnnks iso wt.:d too ur B:~nkruplcyJudges in Alabama whu gcni.:rously givc of their time and cx.pcreisc to help the practicing bar. l aL'rl proud to serve as the Chairman of the plannin ~ co mmitt ee charged with developin g thi s ongoing educr1t!onal program. ClauJe Burns B1~ms & Wil.~on, LLC TuscAloosa, Ah1bAmA THE U N IVERS IT Y OF ALABAMA SCHOOL OF LAW Coll ABICLE at 1,800-627,65 14 or 205-348-6230 for program information. www.abid e.org TH E A LABAM A LAWY E R Vol. 62, No. 3 / May 2001 On the Cover A view frvn1the 13th floor orthe: lhll .011Snndcstin Hench&.Ciolf Rcson, the "Jewel orlhc Emerald ColL,t." In Destin, Florida. TI,a l'Cll<lrl i~the~itc: or thi~ yci1r·~Mill AnnmilM eeting. July IS-I'>. (Sec the lnMin In 1h1.\ lssuclof the wwyer for ulOfC mfonnat101L) 159 Profile; FredD . Gray 181 Local Bar Award of Achievement 182 The VolunteerLawyer s ProgramStudent Award By M eliS.\'(J Brigg.,· N11rcl11111,f 184 VolunteerLawyers Program License Plat e 185 Thanks! Pro Bono Mediators 186 What is "Fair Value" Under Alabama's Dissenting Shareholder Statute? B>• Cam/int .'imitl, Old/en• 192 Insurancea nd Cyber-Losses: Coveragefor Downloading Disaster By Sp,mcerM . Tt1y/oranti Sean W. Sltir'ltt>' 200 Smith v.Atkinson : The SupremeCourt of AlabamaHold s That Liability Can Be 6 Imposed On a Third Party For NegHgentSpoliation of Evidence By Brit111W. 1#1,wlrk 19 I II I t /. t II I I/ I /. I 11 I /' R 153 Pubhlhod'8Vlffl t1moto roar!the Juou ,swo 1s a bclrd,1"'1o,y edlt,onl bv tho Alilb.Jmo Stuto 841. PO Ooi4166, Mnrtoc,mmy,Alnbomo 3GIOHl!i6 Phone(334} 269 161&• wwwalnbn,CMQ THE "*''A IMlak"of Chait& l:d,10, SulanSh11oc~ 0..Piol• Y1Qt-th<111I Anoooto Cdlto, Suinn II /lod,01 StqlfIIAIIOl1 &Cli111munlco11on1 Ol1UCIIJI ALABAMA M111gn1otl Mu,r,h y S1nltIIAl1on l'<M nnAOll!OEdllo1 Sh,11111011lllloll Comn•IIIIC4111bn1I\ l\,hhi:~llon1 Anl11onl LAWYER llo1d ol Edl!on 11o1.r1H ll<lt91. 811min!IMffl • t:h1111i!li O Olli! U,Nnillglwm • Unt110 flll'IIO , Dm111V'lffl • O.n VG/1111, Mur~fNIV • N,~n,111 Jiilllanb,w\Jt ~ • Nadwlw ~ e.nn.nv,wn• MdlNI A x.111,.. d M!1111QClfflOIY• Ma,vorn1 S-~ lli,m,nr;wn• Vol. 62. 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