Last week Governor Dayton signed into law House File 977, Minnesota’s Revised Uniform Limited Liability Company Act (the “New Act”), after it was passed unanimously by both houses of the Legislature.
We have all seen the growth of Chinese investment in the U.S. hotel industry, but this is only the tip of the Chinese investment iceberg in acquiring U.S. management expertise and technology to fuel the growth of the hospitality and hotel industry in China itself.
It’s a marathon – not a sprint. Entrepreneurs working on starting-up hear this mantra all the time.
Lo and behold, not four days after we wrote our last post on the illegality of obtaining bank records, a postcard appeared in our mailbox promising “statewide bank searches” for under $300. I was intrigued. I thought, maybe they know something we don’t and they’ve found a legal way to find banking information.
Last week, Massachusetts Governor Deval Patrick proposed sweeping legislation that would eliminate employee non-compete agreements in Massachusetts. While it remains to be seen whether this bill will actually become law, employers should be aware of the potential implications of this far-reaching bill, and should implement steps sooner rather than later to protect their trade secrets and confidential information should non-competes become unenforceable in the Commonwealth.
Fourth Circuit Affirms Dismissal of Securities Fraud Complaint Where Inference of Scienter Was Not Sufficiently Strong
In Yates v. Municipal Mortgage & Equity, LLC, No. 12-2496 (4th Cir. Mar. 7, 2014), the United States Court of Appeals for the Fourth Circuit affirmed the dismissal of a securities fraud claim under Section 10(b) of the Securities Exchange Act of 1934 (“Exchange Act”), 15 U.S.C. § 78(b), against defendant Municipal Mortgage & Equity (“MuniMae”) and its individual officer and director defendants.
On January 17, 2014, California Governor Jerry Brown declared a “State of Emergency” in California due to the severity of drought conditions across the State. Since then, the California drought continues to be severe and unprecedented in recent years, and is taking a pervasive toll on California residents, businesses, farm land, foliage and wildlife.
Google “marijuana” and you’ll get a variety of articles and links on drug crimes, suggested medical benefits and the pot-head lifestyle. But behind this there is a serious and growing business that Hilary Bricken shares the legal ins and outs of on the Canna Law Blog.
“While the Treasury and the IRS seek greater clarity by further restricting the types of permissible political activity of tax-exempt organizations…
One frequently asked question is whether members of a corporate board’s audit committee face heightened liability exposures.