We all know the basic concept of supply and demand. When supply is low and demand is high, prices tend to go up. When this happens with houses, realtors refer to it as a “seller’s market,” but what if it’s really a “realtor’s market?” That allegation is at the heart…
The past few years of Shari Redstone’s life sound like something taken directly from a soap opera after her aging father, Sumner Redstone, fell ill and required a full-time nurse to take care of him. You probably know Sumner Redstone as the media mogul who ran the National Amusements theater…
It may have once been thought that officers constituted as being fiduciaries in a manager-managed LLC setting. Who or what are fiduciaries? Fiduciaries are individuals in whom another has placed the utmost trust and confidence to manage and protect property or money. The relationship wherein one person has an obligation…
While not all Catholic priests decide to take a vow of poverty when they’re ordained, a priest with a 10-acre estate in Williamston that includes six bedrooms, 12 bathrooms, 10 fireplaces, three barns, an indoor swimming pool, and stained-glass windows seems pretty suspicious. And that’s just one of his properties.…
Although bitcoin’s meteoric rise in price and prominence has some people wondering if it’s a bubble, the Chicago Mercantile Exchange and CBOE Futures Exchange agreed to start trading in the digital currency in December. Just a few months later, the first criminal lawsuit over bitcoin was filed against a Chicago…
Sometimes things happen outside a business owner’s control that affects the business. It’s understandable, but that does not justify failing to reveal to investors if the company is suffering financially as a result. In fact, executives and board directors of publicly traded companies are required to disclose the financial state…
Persons convicted of federal financial crimes who are ordered to pay restitution cannot expect their retirement funds to be off-limits to the government. The Seventh Circuit Court of Appeals recently ruled that a defendant who committed mail fraud could be required to pay court-ordered restitution out of his retirement account…
Despite stepping down as CEO of Uber, the ride-sharing start-up he founded, Trevor Kalanick’s troubles are far from over. On top of allegations that the company mistreats its drivers, discriminates against and sexually harasses women at work, and stole trade secrets from another ride-sharing service, Kalanick is now being sued…
If someone leaves their employer to start their own company (which then gets bought by a competitor of their former employer), can it be a coincidence when that person just happens to end up working for a competitor a few months later on the same material he had been helping…
Getting taken to the cleaners by a dishonest employee or contractor is headache enough for any business, but having no fraud coverage insurance coverage is a world of hurt. Businesses are well advised to analyze their policies carefully to make sure they have proper coverage. In the case of an…