The Potential Business Consequences of a Cyber Attack

Businesses must protect themselves from a variety of potential sources of legal and financial liability, simply to function in the modern marketplace. In addition to old threats like taxes, lawsuits, or natural disasters, a new kind of threat has made itself known: cyber attacks. Businesses that do not take proper precautions to protect against a cyber attack can face a number of potential issues, including the following: Continue reading “The Potential Business Consequences of a Cyber Attack”

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”

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”

Five Ways COVID-19 Has Affected Businesses

Businesses have struggled to accommodate the changes that have resulted from the coronavirus pandemic. Even with restrictions relaxing somewhat, businesses struggle to keep their workers and their customers safe from infection, while also keeping their businesses afloat. Here are five ways that COVID-19 has affected how businesses carry out their activities: Continue reading “Five Ways COVID-19 Has Affected Businesses”

Facebook Faces State and Federal Antitrust Suits

Facebook, the largest social media company in the world, is facing both federal and state antitrust lawsuits for alleged anti-competitive business practices. The lawsuits allege that the social media giant has abused its influence in the market to choke out competition and keep itself dominant in the tech industry. If the lawsuits are successful, it could force the company to divest itself of some of its assets, including other social media platforms it has acquired over time. Continue reading “Facebook Faces State and Federal Antitrust Suits”

FCRA Preempts State Credit Reporting Laws, Says Federal Court

A federal district court has ruled that the Fair Credit Reporting Act (FCRA) preempts state credit reporting laws, curtailing the ability of state governments to place restrictions or regulations on credit reporting practices. In effect, this means that states can only put laws about credit reporting into place when they do not conflict with the FCRA. This decision has raised concerns among privacy advocates and labor advocates, who are concerned about how credit reporting might be abused. Continue reading “FCRA Preempts State Credit Reporting Laws, Says Federal Court”