Recent D&O Claims Developments

Recent D&O Claims Developments

The D&O claims environment is now in an unusually uncertain state, largely due to the potential for unprecedented and wide-spread changes directly and indirectly caused by the new Trump administration. Many of the predicted changes may appear to lessen D&O exposures, including more conservative judges and a more business-friendly regulatory environment. But other changes will […]

Unanimous Supreme Court Sides with IRS

Unanimous Supreme Court Sides with IRS

The Supreme Court resolved unanimously a common estate tax issue for many closely-held companies. The issue in Connelly v. United States was “whether the corporation’s obligation to redeem [a deceased shareholder’s shares] was a liability that decreased the value of those shares.” The court concluded it was not. Family-owned companies will often purchase life insurance […]

Insurance Issues Arising After Mass Shooting Occurrences

Insurance Issues Arising After Mass Shooting Occurrences

There is no question that mass shooting incidents in this country are unfortunately continuing at a staggering pace. As of April 29, the crowd-sourced “Mass Shooting Tracker” project, which considers a mass shooting to include a single incident in which four or more people are shot in any incident, lists 163 incidents that fit this […]

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Insights

Recent NLRB Rulings Cause Employers To Review Work Rules And Social Media Policies

The National Labor Relations Board ("NLRB") has recently expanded the rights of employees to use social media to publicize disputes with employers, including non-union employers. All employers should review their work rules and their social media policies to determine if... Read More

Online Retailer Updates

This Client Alert highlights new legal developments impacting our retail clients conducting e-commerce sales over the Internet. FTC's Mail, Internet, or Telephone Order Rule On September 11 , 2014, the Federal Trade Commission ("FTC") approved amendments to the Mail, Internet,... Read More

Retail Legal Updates

This client alert highlights new legal developments impacting our retail clients conducting business in the States of California and New Jersey. CALIFORNIA California's State-wide Single-use Carryout Bag Ban The State of California recently passed the first ever state­ wide single-use... Read More

New Jersey Gift Card Law Updates

This client alert discusses pending legislation in the New Jersey legislature affecting gift cards. Introduced on June 16, 2014, Senate Bill No. 2235 (the "Bill") aims to eliminate New Jersey's zip code collection requirement for gift card purchasers currently slated... Read More

An Important New Asset Protection Tool: The Ohio Legacy Trust Act

Ohio House Bill 479, which was recently signed into law by Governor Kasich, permits the creation of a new type of trust in Ohio, the "Legacy Trust", allowing an individual to more effectively shield assets from future creditors.Historically, if you... Read More

Ohio Senate Bill 246: Pass-Through Entity Tax and the New Ohio SALT Cap Workaround

Ohio Governor Mike DeWine recently signed Senate Bill 246, which will save many Ohio taxpayers thousands of dollars in federal income tax. Senate Bill 246 (the “Bill”) functions as a workaround to the $10,000 state and local tax (SALT) itemized... Read More

Ringing in the New Year with the Highest-Ever Exemption Amounts for Gift and Estate Taxes

Ohio Governor Mike DeWine recently signed Senate Bill 246, which will save many Ohio taxpayers thousands of dollars in federal income tax. Senate Bill 246 (the “Bill”) functions as a workaround to the $10,000 state and local tax (SALT) itemized... Read More

FINCEN’s Prepaid Access Rule and Compliance – Policies and Procedures

In the fall of 2011, the U.S. Treasury Department's Financial Crimes Unit (FINCEN) passed a rule that affects gift cards issued by retailers. The Prepaid Access Rule requires providers and sellers of "prepaid access" such as stored value cards, gift... Read More

Liabilities and Remedies for Securities Violations Under Ohio Law

The following sets forth an overview of the liabilities and potential damages for violations of the Ohio Securities laws. Read More Read More

Side A Claims Handling: Experience Matters

Side A policies afford the ultimate backstop protection for directors and officers. Extraordinarily broad coverage terms and limits of liability dedicated to only the insured persons provide strong assurance to directors and officers that their personal assets will be protected... Read More

D&O Insurance Application Severability

One of the most important provisions in a directors and officers liability insurance policy is the Application severability clause. Such a provision determines in large part the extent to which coverage for a director or officer may be jeopardized by... Read More

Interlocking Directorates: A Sleeping Bear Awakens?

For nearly 100 years, the U.S. antitrust laws have prohibited a person from serving as a director or officer of two or more large companies which compete. Read More Read More

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