The Delaware Corporate and Legal Services blog hosts a short piece explaining the business judgment rule, a critical component of corporate law.
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Let restaurant proprietors take note: In New York Pizzeria, Inc. v. Syal,[1] the U.S.
Judge James T. Vaughn, Jr.
The case is Noel B. v. Anna Maria A. (N.Y. Fam. Ct. Sept. 12, 2014). An excerpt from the opinion:
Consider the persimmon. No wild fruits are so sweet and delectable as ripe persimmons after the first fall freeze, if you can beat the birds to them. But a green persimmon is not just less tasty; it is inedible. Not even a ‘possum will eat a green persimmon.
Some types of business entities (most famously, corporations) offer limited liability to their managers, owners, and officers. That is, under most circumstances such parties will have no personal liability for debts incurred (through tort or contract) by the business entity.
It's a few months old, but this article from the Florida Bar Journal on Florida’s New Revised LLC Act is worth reading.
[Cross-posted at BergerHarris.com]
Berger Harris partner and Business Law Basics co-author Brian Gottesman was interviewed by Family BusinessCast on the advantages of
In the latest issue of NH Bar News, attorney Lisa Thompson summarizes four recent US Supreme Court decisions involving intellectual property litigation issues—awards of attorneys' fees in paten