Blog

Delaware Court Rules in Favor of “Reverse Veil Piercing”

The Delaware Chancery Court has issued a ruling that endorses the theory of “reverse veil piercing,” which is the practice of reaching down into a parent company’s subsidiaries to obtain compensation for harms committed by the parent company. This novel theory has broad potential implications for businesses around the country, especially larger businesses that own numerous subsidiaries. It is especially bad news for companies that may have counted on their corporate structure to protect their assets from legal or financial liability. Continue reading “Delaware Court Rules in Favor of “Reverse Veil Piercing””

NY Federal Court Denies Business Interruption Insurance Claim

In a recent ruling, the Northern District of New York has determined that a business interruption insurance policy does not cover damages caused by the COVID-19 pandemic, despite contractual terms that specifically cover interruptions from communicable diseases and civil authorities. This controversial ruling puts New York in line with a growing number of jurisdictions that have refused to give a broad interpretation to business interruption insurance terms. However, the existence of those specific terms in this case may leave ground for further litigation. Continue reading “NY Federal Court Denies Business Interruption Insurance Claim”

Five Potential Benefits to Reorganizing Your Business

The question of how to organize your business may seem banal and bureaucratic, something that does not have a real impact on the day-to-day operation of your company. However, without realizing it, your business organization may be making a major impact on whether your company succeeds or fails. Here are five potential benefits you can get from reorganizing your business: Continue reading “Five Potential Benefits to Reorganizing Your Business”

When is it Time to Get a Business Divorce?

The term “business divorce” may seem inappropriate at first glance, but anyone who has been in conflict with a business partner knows how difficult that can become. A business divorce is used to dissolve or reorganize a business when a partner, member, or co-owner in a business wants to leave and less drastic measures are not available. And just like with a regular divorce, there are signs that a business divorce might be what you need to resolve your issues in your business: Continue reading “When is it Time to Get a Business Divorce?”

SCOTUS Rules in Favor of Google in Copyright Dispute

In a 6-2 decision, the Supreme Court of the United States has ruled in favor of Google in its multi-billion dollar copyright lawsuit with Oracle. The lawsuit involves a dispute over code used for Google’s Android operating system, in which Oracle alleged Google had illegally copied its own code. However, the Supreme Court found that Google’s use of Oracle’s code fit under the “fair use” exception of copyright law, protecting it from any copyright claims. Continue reading “SCOTUS Rules in Favor of Google in Copyright Dispute”

Dietary Supplement Manufacturer Pays $53 Million for Deceptive Marketing

In what has been described as the largest class action settlement against a dietary supplement company, Reckitt Benckiser LLC has agreed to pay $53 million for deceptive marketing related to one of its products. The dietary supplement industry as a whole has seen increased scrutiny over the past decade, due to controversy over claims made about the health benefits they provide. The settlement shows that manufacturers of dietary supplements may need to be more careful about their advertising, or else face future deceptive marketing claims. Continue reading “Dietary Supplement Manufacturer Pays $53 Million for Deceptive Marketing”

Five Things You Should Know About Equitable Distribution

In any divorce, the distribution of marital property is almost inevitably a source of major conflict. That said, many people go into a divorce without understanding the process of equitable distribution, which is how marital property gets divided by the courts. Here are five things you should know about equitable distribution if you are getting a divorce, or planning on getting a divorce: Continue reading “Five Things You Should Know About Equitable Distribution”

Five Reasons to Make Sure You Have a Power of Attorney

A power of attorney can be very important for your estate plan.
Consider the benefits of a power of attorney.

A Power of Attorney is a type of document known as an advance directive, and it is an essential part of any comprehensive estate plan. Far too many people begin planning their estates without a Power of Attorney in place, though, which is an oversight that can become extremely costly later. Here are five reasons you should make sure you have a Power of Attorney in place for yourself as part of your estate plan: Continue reading “Five Reasons to Make Sure You Have a Power of Attorney”

New Law Outlaws Anonymous Shell Companies

The recently passed National Defense Authorization Act (NDAA) contained, among other things, a provision known as the Corporate Transparency Act (CTA) that will ban anonymous shell companies across the United States. This measure has been long sought after by anti-corruption activists, who consider it to be a major step in fighting money laundering and other shady business practices. Both current and future business owners should be aware of what this new law will require of them and how it may affect their businesses. Continue reading “New Law Outlaws Anonymous Shell Companies”

Five Things to Do When You Are Considering Bankruptcy

Due to the coronavirus pandemic, bankruptcies are up all across the United States. Individuals and businesses alike have struggled due to COVID-19, with many people losing their livelihoods due to the economic impact of the pandemic. If you are one of the people affected by this pandemic, you may have already considered bankruptcy. Before you file for protection, though, there are five things you should do: Continue reading “Five Things to Do When You Are Considering Bankruptcy”