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AMSC shares plummet after Chinese court setback in intellectual property case



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Daniel McGhan, CEO of AMSC

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What a FinCEN dragnet means for 700 Miami businesses



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6 common triggering events found in buy-sell agreements

Previously, I’ve written about the benefits that buy-sell agreements bring to businesses, owners and their families.

Now, I want to delve deeper into the triggering events that would actually cause a business or business owner to rely on the established provisions within a buy-sell agreement.

First, a quick review: Buy-sell agreements are designed to provide unbiased and pre-determined ways of transferring ownership, especially during certain triggering events that may cause adverse circumstances. This helps minimize the potential for future conflict over company policy with the departed shareholder, and the potential for the departed shareholder to benefit from any future successes created by the remaining shareholders.

The buy-sell agreement also enables the remaining shareholders to decide who the next shareholder, if any, might be and to prevent or reduce the possibility of a shareholder selling his or her shares to unwanted parties.

The common link of

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Baltimore Police Union Boss Inflames Tension With ‘Lynch Mob’ Remark; ‘Rough Ride’ Alleged

Gene Ryan, head of Baltimore’s Fraternal Order of Police, took a step back following backlash as the result of a remark he made regarding protesters in the Freddie Gray case. “Maybe I need to reword that,” he said at a news conference. But while Ryan acknowledged his words were inappropriate, Freddie Gray’s family lawyer is demanding an apology, according to the Baltimore Sun.

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Scandal Recap: Like Father, Like Daughter

Nonetheless, the debate fails to persuade the American people, and Fitz’s ratings start to drop. Mellie’s campaign manager, Elizabeth North, suggests that Mellie announce that she and Fitz are divorcing in order to distance herself from Fitz, but Mellie won’t have it. So Fitz dials his favorite lifeline, Olivia, who comes through with the game-winning idea—embrace the conflict by saying that it isn’t a conflict at all. During her next stump speech, Mellie essentially tells voters to vote for her because she sleeps with the president and has his ear. Brilliant. With that, Olivia saves her lover and her other lover’s wife all in one episode. 

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Innocent Black Teen Who Survived Police Shooting Gets a $230,000 Settlement 

Frenswa Raynor of Oakland, Calif., is one of the fortunate innocent, young black men to survive a police shooting. The Oakland City Council voted this week to settle lawsuits surrounding his near-fatal encounter for $275,000, the San Francisco Chronicle reports.

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When Your Car Repair Goes Wrong

This page contains a single entry by Christopher Coble, Esq. published on April 23, 2015 10:10 AM.

3 Common (and 1 Uncommon) Baseball Fan Injuries was the previous entry in this blog.

How Do I Know if I am Eligible for a Class Action? is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.

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Can You Make an Employee Pay For a Robbery?

According to reports, the store demanded that the pregnant manager reimburse the $400 loss because
she violated company policy by leaving too much money in the cash
register. She refused and was fired. Popeyes eventually offered the
woman her job back and $2,000 in back pay.

Was Popeyes’ demand for reimbursement legal? Can you require an employee to pay for losses due to theft?

Federal Law

Federal law doesn’t explicitly prohibit requiring employees pay for an employer’s losses. Employers are allowed to deduct employees’ wages for walk-outs, breakage, or cash register shortages. However, “where deductions … reduce the employee’s wage below the minimum wage, such deductions are illegal.”

State

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Is It Legal to Read Sony Hack Documents?

Last November, hackers who had gained access to Sony Entertainment Pictures data began releasing emails, un-released films, and personal information gained from a possibly year-long attack. Last week, WikiLeaks posted the entire collection of stolen data, around 200,000 documents and emails.

The hack itself was illegal under nearly all state and federal computer crime laws. But does that mean posting and reading the leaked documents is criminal as well?

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Lawmakers confirm Loretta Lynch as next U.S. attorney general

Nearly six months after being nominated by President Barack Obama for the post and clearing political and procedural hurdles, Loretta Lynch has been confirmed as the next U.S. attorney general.

Lynch was confirmed by the U.S. Senate by a vote of 56-43 on Thursday, with 10 Republicans voting in favor of her taking the post, according to the New York Times and other media outlets.

Lynch, who was born and raised in North Carolina, becomes the first African-American woman to hold the post. She’s a graduate of Harvard University and Harvard University Law School and had been serving as a U.S. attorney for Brooklyn when she was nominated by Obama in November.

The vote that finally came Thursday had been held up by U.S. Senate Majority Leader Mitch McConnell, a Kentucky Republican, who had wanted the passage of a human trafficking bill before

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