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Pres. Obama ordered the DOL to update FLSA provisions about overtime pay. On March 13, 2014, Pres. Obama signed a Presidential Memorandum ordering the U.S. Secretary of Labor Tom Perez and the Department of Labor to update and streamline the provisions of the Fair...
Franchising can be a sound option for either franchisors or franchisees. What is a franchise? Legal sources say that a precise definition is difficult, but in the U.S., we usually think of franchises as the business concerns on parade on every suburban strip: the...
Businesses facing disagreement may be able to preserve their commercial relationships by using alternative dispute resolution methods. A successful business enterprise does not exist in a vacuum. To serve customers and make a profit, a commercial concern must rely on...
The Harvard Business Review has noted that 70 percent of family-owned businesses last only one generation. The low survival rate is disturbing in that family-owned businesses are responsible for approximately 60 percent of total employment in the United States....
A federal judge found that certain NCAA rules illegally restrain trade. In August 2014, a federal trial judge ordered that the National Collegiate Athletic Association, popularly known as the NCAA, stop enforcing certain of its student-athlete compensation rules that...
The U.S. Supreme court issued an opinion allowing securities fraud defendants to present evidence that there statements did not affect stock prices. On June 23, 2014, the U.S. Supreme Court issued an opinion in Halliburton Co. v. Erica P. John Fund, Inc.This is the...
As fiduciaries, corporate leaders must understand the legal standards they’re entrusted to uphold. Corporations are complex legal entities. At the heart of every corporation are two key leadership structures: the board of directors and the officers. Both have...
Arbitration agreements are playing an increasing role in employment contracts. Arbitration has remained the preferred method of dispute resolution for businesses and has increasingly become a popular clause in employment contracts. Yet binding arbitration agreements...
The legal structure of a company impacts many aspects of the business. In October 2015, former Federal Reserve Chairman Ben Bernanke wrote an editorial in The Wall Street Journal about where we are economically since the drastic monetary policies of his tenure were...
Credibility and professionalism in the courtroom are key to successful litigation. Almost all lawyers project themselves as capable in the courtroom. Yet not all attorneys are equally effective and successful in court. Nor have all litigators seen equal amounts of...