Patricia Farrell

Patricia Farrell

December 16, 2016 | The Legal Intelligencer

Lax Board Members Can Cause Serious Damage to Nonprofits

Among attorneys and corporate executives, serving on the board of directors of a nonprofit organization is often a rite of passage. Once professionals reach a certain level in their careers, their employers, colleagues, clients and business associates often expect them to serve on nonprofit boards as a way to give back to the community, burnish their reputations and make potentially useful contacts.

By Patricia Farrell

12 minute read

September 08, 2016 | The Legal Intelligencer

Courts May Be Trending Toward More Restrictive Jurisdiction

When a company is served with a lawsuit, most corporate lawyers charged with defending the company immediately ask one question: "Does this plaintiff have the right to sue in this jurisdiction?"

By Patricia Farrell

14 minute read

July 22, 2016 | The Legal Intelligencer

Fairness Opinions Often Fall Short of 'Fair'

The high stakes of any merger or acquisition deal can quickly cloud the best business judgment of many corporate directors, leading them to make decisions that may benefit them but anger other stakeholders in the company.

By Patricia Farrell

13 minute read

May 05, 2016 | The Legal Intelligencer

Minority Owners in LLCs Have Little Protection From Bullying

Ever since Pennsylvania passed the Limited Liability Company Law of 1994, the limited liability company (LLC) has become the business structure of choice for most family-owned and closely held businesses in Pennsylvania.

By Patricia Farrell

6 minute read

March 07, 2016 | The Legal Intelligencer

Is Your Board at Risk for Executive Compensation Issues?

Does the CEO really provide enough value to the company to justify a salary equal to the median salaries of 100 workers at the company? 300 workers? 1,000 workers?

By Patricia Farrell

6 minute read

January 08, 2016 | The Legal Intelligencer

Challenges of a Long-Distance Business Relationship

The seductive promise of easily entering a foreign market by utilizing a new relationship with a foreign venture partner has caused many companies to jump into a commitment to form an international joint venture before fully thinking through the potential pitfalls.

By Patricia Farrell

6 minute read

January 08, 2016 | The Legal Intelligencer

Challenges of a Long-Distance Business Relationship

The seductive promise of easily entering a foreign market by utilizing a new relationship with a foreign venture partner has caused many companies to jump into a commitment to form an international joint venture before fully thinking through the potential pitfalls.

By Patricia Farrell

6 minute read

December 07, 2015 | The Legal Intelligencer

Convince Company Founders to Hire Independent Directors

In the 1950s, a small-town Pennsylvania man bought a small cable company and, over the next several decades, turned it into a multibillion-dollar industry titan. Along the way, his sons joined him as executives in the company and as board members. The family became incredibly wealthy and happily shared the wealth with their friends and neighbors in the small-town community.

By Patricia Farrell

6 minute read

December 07, 2015 | The Legal Intelligencer

Convince Company Founders to Hire Independent Directors

In the 1950s, a small-town Pennsylvania man bought a small cable company and, over the next several decades, turned it into a multibillion-dollar industry titan. Along the way, his sons joined him as executives in the company and as board members. The family became incredibly wealthy and happily shared the wealth with their friends and neighbors in the small-town community.

By Patricia Farrell

6 minute read

October 08, 2015 | The Legal Intelligencer

Are Boards, Corporate Execs Doing Enough to Stop Cybercrime?

Did the board of directors and top corporate officers do enough to prevent and address the cyberattack?

By Patricia Farrell and Julia Poepping

6 minute read