Each time franchisors update their franchise disclosure documents (“FDD”), they have a choice: whether or not to include financial performance representations (“FPR”).
Based on more than ten years that I have been highlighting corporate and commercial decisions on these pages, primarily from Delaware’s Supreme Court and Court of Chancery, I am aware that the main reason busy readers visit these pages is not for metaphysical ruminations.
Qualifying patients in Illinois, currently numbering approximately 2,800, could be buying oil-based marijuana prescriptions under the state’s Medical Cannabis Pilot Program as soon as October 2015.
We are big fans of Western companies using China distributors to market and sell our client’s products in China.
Our China lawyers have received at least five emails this past month from companies that have fallen victim to the China bank switch scam, in amounts ranging from USD$12,000 to $383,000.
Last week, I once again had the pleasure of presenting at the Design-Build Institute of America’s Federal Project Delivery Symposium in Washington, DC.
Maryland Federal Court Holds Coverage Barred by Insured’s Prior Knowledge and by “Actual Prejudice” from Late Notice
A federal court in Maryland has held that a “prior knowledge” provision in a claims-made-and-reported policy applied where, prior to the effective date of the policy, other members of the insured’s real estate firm had suggested that the insured was responsible for the firm’s defense costs in an underlying litigation.
Defending Against New-Style Supply Chain Litigation (or, There Are Teeth in the California Transparency in Supply Chains Act – Don’t Get Bitten) (or, More Cases Filed)
On August 27, the Securities and Exchange Commission announced that, effective October 1, the fees that public companies and other issuers pay to register their securities with the SEC will decrease from $116.20 per million dollars of securities registered to $100.70 per million dollars of securities, a decrease of approximately 13 percent.
Ohio Supreme Court Rules Class Cannot Be Certified Without Actual Damages Under Ohio’s Consumer Sales Practice Act
In a ruling yesterday in Felix v. Ganley Chevrolet, Inc., No. 2013-1746, 2015 WL 5039233 (Aug. 27, 2015), the Ohio Supreme Court held that a class action cannot be certified where the plaintiff cannot demonstrate, through common evidence, that all putative class members incurred damages resulting from the defendant’s alleged conduct.