With today’s ongoing workforce development challenges, businesses constantly seek innovative and effective ways to attract, incentivize, or otherwise retain top talent. In certain cases, a business may wish to reward an executive or employee or recruit new leadership for their prospective…
A federal district court awarded $43 Million dollars in damages for trademark infringement in an infringement and contract dispute suit. The district court determined that profits of an affiliate could be disgorged as damages under the Lanham Act (the federal statute covering trademarks). The…
In today’s business environment, many businesses operate across state lines. Such interstate activities include sales (online or in-person), transportation and shipping, advertising, professional services, manufacturing, hospitality and tourism, and much more. Most companies also employ workers…
On June 6, 2024, the U.S. Supreme Court unanimously affirmed the Eighth Circuit’s ruling that a closely held corporation’s contractual obligation to redeem shares is not a liability that reduces a corporation’s value for purposes of the federal estate tax. With the Court’s recent decision in …
On April 23, 2024, the Federal Trade Commission (FTC) announced its final rule banning virtually all employee non-compete agreements nationwide in approximately 120 days. The FTC initially issued its proposed rule in January 2023. The FTC thereafter received and considered over 26,000 comments to…
On April 23, 2024, the U.S. Department of Labor (DOL) released a final rule, Defining and Delimiting the Exemptions for Executive, Administrative, Professional, Outside Sales, and Computer Employees, which increases the salary and compensation thresholds necessary to qualify for certain overtime…
On March 13, 2024, Governor Eric Holcomb signed Senate Enrolled Act 9 (“SEA 9”) into law, requiring advance reporting for certain mergers and acquisitions involving Indiana health care entities. Indiana joins a number of other states with similar reporting requirements, although the drafting of SEA…
The Corporate Transparency Act (“CTA”) has been ruled unconstitutional by the U.S. District Court for the Northern District of Alabama (“Court”) in an opinion issued on March 1, 2024. This ruling raises uncertainty for the approximate 32.6 million businesses that are subject to the CTA.
Background…
Artificial Intelligence (AI) continues to grow apace despite deal activity dropping overall in 2023 in response to economic and market instability brought on by a combination of high interest rates, inflation volatility, and geopolitical tension. AI can provide innovative improvements to the M&A…
On October 30, President Biden issued his Executive Order on the Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence, along with a companion Fact Sheet issued by the White House. The Executive Order establishes the federal government’s priorities with respect to Artificial…
The deadline to comply with the Corporate Transparency Act (CTA), a new law that aims to combat illegal activity typically organized and run by nefarious entities, is fast approaching. Many corporations, LLCs, and other business entities that are privately held or family-owned will likely be…
Supply agreements govern the relationships between suppliers and customers regarding the exchange of goods and services and serve as a key component of success for many businesses. Whether you are a seasoned procurement professional or a business owner just starting out, understanding the concepts,…
