Legal News

News

[07/30] Oil falls to near $78 as global stocks drop
[07/30] Fortune Brands 2Q profit more than doubles
[07/30] Renault returns to profit in first half

More...

Articles

Running a Business With Your Spouse

Running a business with your spouse may seem like a great idea; you can spend more time together, work on a shared project and have more control over your family budget. But running a business with a spouse can actually be more risky than with a friend or partner. If the business goes bad, the marriage may, too. Couples also run a greater financial risk if both incomes are tied up in the same business.

More...

What are the differences between an asset purchase and a stock purchase of a business?

When purchasing an existing business, the buyer must determine whether to purchase the assets of the business or the stock of the business entity. Because the types of sale offer advantages and disadvantages for each party, the buyer and seller must come to an agreement to make the sale.

More...

Case Summaries

[06/25] Deutscher Tennis Bund GMBH v. ATP Tour, Inc.
In plaintiffs' suit against the ATP Tour, an organizer of worldwide men's professional tennis circuit, claiming that the ATP Tour's reorganization to revitalize its popularity violated sections 1 and 2 of the Sherman Act and constituted a breach of the directors' fiduciary duties, judgment of the district court is affirmed where: 1) the jury verdict on the Sherman Act section 1 claim is affirmed as the plaintiffs failed to prove the relevant market; and 2) district court's judgment as a matter of law dismissing the breach of duty of loyalty claim against a director is affirmed as neither he individually, nor the ATP Board of Directors as a whole, were materially self-interested when they voted in favor of the reorganization plan.

[06/24] Olmstead v. Fed. Trade Comm'n
An order to partially satisfy a judgment against defendant in the FTC's suit for unfair or deceptive trade practices is affirmed as Florida law permits a court to order a judgment debtor to surrender all right, title, and interest in the debtor's single-member limited liability company to satisfy an outstanding judgment.

[06/24] DDJ Mgmt., LLC v. Rhone Group L.L.C.
In an action claiming that defendants presented plaintiffs with corporate financial statements that were false and misleading, the appellate division's modification of the trial court's order dismissing plaintiffs' fraud claim is reversed where: 1) when a plaintiff has taken reasonable steps to protect itself against deception, it should not be denied recovery merely because hindsight suggested that it might have been possible to detect the fraud when it occurred; and 2) plaintiffs in this action for fraud have alleged facts from which a jury could find that they were justified in relying on the representations defendants made to them.

More...

Frequently Asked Questions

Should an entrepreneur use a credit card to finance a start-up?

Who is considered an independent contractor?

How should a business owner use a business plan?

More...

Associated Press text, photo, graphic, audio and/or video material shall not be published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium. Neither these AP materials nor any portion thereof may be stored in a computer except for personal and non-commercial use. Users may not download or reproduce a substantial portion of the AP material found on this web site. AP will not be held liable for any delays, inaccuracies, errors or omissions therefrom or in the transmission or delivery of all or any part thereof or for any damages arising from any of the foregoing.