In spite of their concerns about e-discovery, the vast majority of American businesses have never had their electronic discovery procedures challenged in court, according to a survey of 422 in-house lawyers conducted by Fulbright & Jaworski in its annual report ...
Read More »Shareholder can sue accounting firm
Claimed firm mishandled preparation of company
Read More »The undoing of a corporate IP thief
Recent studies indicate over 92 percent of all business information is stored electronically. It’s no surprise then that companies invest heavily in network security to guard against outside threats.
Read More »Collecting trade debt after an asset sale: Is a successor liability claim an option?
The letter usually begins with “Dear Vendor.” It goes on to explain how, as a result of circumstances beyond its control, Smith Corp. failed to thrive and its assets were sold off. The letter may also inform you that Jones ...
Read More »Opinion letter can be risky exercise
Here’s a scenario that an in-house attorney might very well face. Your CEO calls to explain he has decided to amend the company’s existing credit facilities in connection with a transaction set to close in a few business days, and ...
Read More »SEC tender offer rules revamped
The Securities and Exchange Commission last month revised its tender offer rules by eliminating a significant impediment to mounting friendly tender offers for public companies. The revisions eliminate the risk that compensation arrangements entered into with target company executives, who ...
Read More »The move to HR: A dramatic change
From law school graduation in 1981 until 1999, Christine Ciotti practiced as a corporate and securities lawyer at two large law firms and then in-house at Lotus Corporation, where she focused on software licensing and employment law. In 1999, three ...
Read More »SJC rejects court-imposed ‘buy-out’ of minority shareholder
The Massachusetts Supreme Judicial Court recently overturned a court-ordered buy-out of a minority shareholder’s interest in a closely held business, saying it was not an appropriate remedy for a “freeze-out” by the controlling shareholder group. The trial court’s equitable “buy-out” ...
Read More »Truly alternative fees: Project pricing, coupons and discount brands
Buy one company and get the legal services for the second acquisition at 50 percent off! Get the first 10 hours of legal services free! Each bargain, of course, comes with the typical catches. You know, stuff like, the 50 ...
Read More »Hiding in plain sight: Valid business practices can be ‘red flags’ of fraud
Although a large-scale corporate fraud invariably raises numerous “red flags” of wrongdoing within the affected company, management’s failure to stop a fraud sooner is not necessarily the result of corruption or incompetence.
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