We Told You So: Illegal Bank Records Update

We Told You So: Illegal Bank Records Update

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. 

Massachusetts Governor Proposes Sweeping Legislation Banning Non-Compete Agreements

By | Trading Secrets | April 18, 2014
Massachusetts Governor Proposes Sweeping Legislation Banning Non-Compete Agreements

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.

Dry Times: How to Deal with the Impact of California’s Drought On Critical Commercial Agreements

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.