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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.
6 minute read

New York Law Journal

GM Sales Formula for Dealers Violates NY Law, Ruling Says

A formula used by General Motors to determine if dealers are selling enough GM vehicles in local franchise areas violates a 2008 statute designed to prohibit abusive business practices by auto manufacturers against their franchisees, the state Court of Appeals determined Tuesday, responding to a question certified to it by the Second Circuit.
6 minute read

Daily Business Review

Latin American Companies Back New US Trade Secrets Law

A new Defend Trade Secrets law may give Latin American companies reason to move computer servers to the United States.
5 minute read

New York Law Journal

Court Weighs Merits of Attorney-Client Privilege Expansion

A matter that began as a fraudulent inducement claim on insuring mortgage-backed securities has mushroomed into what litigants and observers say could be a defining moment for attorney-client privilege in New York and the "common interest" rule.
6 minute read

The Recorder

FedEx, PG&E Trials to Test Theory of Corporate Culpability

With mega-millions at stake, the Justice Department will try to prove that a company can have collective criminal intent.
6 minute read

New York Law Journal

New Partnership Audit Rules Create Uncertainties

In their Taxation column, Ezra Dyckman and Vivek Chandrasekhar discuss the "good news" and the "bad news" with the new partnership audit rules.
11 minute read

New York Law Journal

Corporate Disclosure of Government Investigations

James J. Beha II, Jordan Eth and Craig D. Martin write: While a company's decision whether to disclose an ongoing government investigation may implicate many different legal, public relations, and business concerns, decisions in the Southern District provide comfort that a company need not disclose an ongoing investigation under federal securities laws, unless and until the company determines that the investigation is "substantially certain" to lead to a formal government enforcement action, so long as the company's other disclosures are not rendered misleading by the omission.
17 minute read

New York Law Journal

Judiciary Addresses Key Franchise Act Issues

In his Franchising column, David J. Kaufmann writes that two integral provisions of the New York Franchise Act came under judicial scrutiny of late: the penalties to be imposed upon a franchisor which fails to furnish disclosure to a franchisee within the time prescribed by the act and when the act's "isolated franchise sale" exemption from registration may be invoked.
15 minute read

Daily Report Online

Widow of Fan Killed in Fall at Turner Field Sues Braves Over Railing Height

The family of a man killed after falling from the upper deck of Turner Field last year has sued the Atlanta Braves, parent company Liberty Media Corp. and Major League Baseball Enterprises, alleging the defendants knew the guard rail height was—and still is—dangerously low.
6 minute read

Law.com

Life Goes On for Lawyers After Bank Regulators Reject 'Living Wills'

Seven major banks flunked a regulatory test this week. Luckily for the law firms involved, there's still time for a do-over.
34 minute read

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