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Recently, phonebook publisher Dex Media Inc. announced that it had filed for Chapter 11 bankruptcy protection, according to The Wall Street Journal. The company has negotiated an agreement to restructure its finances with creditors. Dex Media’s struggles forces it into insolvency Following the recession in 2008, along with the continued migration of the industry to […]

Considering Going Public? Here are 5 IPO Tips You Should Consider The number of initial public offerings (IPO’s) is down 60 percent in the second quarter of 2016. There were only 33 IPOs as compared to 72 in the second quarter of 2015. However, while the IPO market has been relatively quiet in 2016, the […]

DOL announces minimum weekly wage increase for salaried workers As speculated on our BusinessLaw blog, the U.S. Department of Labor recently made a major announcement to increase the minimum weekly wage level for salaried workers eligible for overtime pay. According to National Law Review, as of Dec. 1, companies across the U.S. will face significant […]

Christie elects David Weinstein as the first New Jersey Chief Tech Officer  Governor Chris Christie recently created the position of Chief Technology Officer (CTO) as a cabinet-level position. David Weinstein, the state’s current cyber security director, will serve as the first-ever New Jersey Chief Tech Officer. “New Jersey’s public employees rely on information technology (IT) […]

The Department of Justice and the Department of Homeland Security recently issued guidance that clarifies how the Cybersecurity Information Sharing Act (CISA) will impact the business community. The agencies specifically addressed the procedures for voluntarily sharing “cyber threat indicators,” as well as the application of the law’s immunities provision. Basic Provisions of the Cybersecurity Information […]

Chaparral Energy files Chapter 11 Chaparral Energy Inc., one of the largest oil and gas companies and third-biggest enhanced oil recovery operator in the U.S., has announced that it filed for Chapter 11 bankruptcy protection. According to The Wall Street Journal, Chaparral Energy, like many of its peers became the latest victim of the collapse […]

If these words come up in a franchise deal, walk away Negotiations over a potential franchise deal can be difficult since there are several aspects that need to be hashed out. However, before the terms are even laid out, prospective buyers need to be aware of several red flags. These range in severity, but they could […]

Term Sheets & Their Role in Business Whether seeking to obtain financing, negotiating the purchase of real property, or entering into a partnership, most small business owners will encounter term sheets at some point. In its most basic form, a term sheet is a non-binding document that sets forth the material terms and conditions of a […]

Will Legislature pass proposed Amendment to the Compassionate Use Medical Marijuana Act?  The use, possession, sale, cultivation, and transportation of marijuana, whether for recreational or medical use, is illegal under federal law. However, over the last several years, both Congress and President Obama have signaled that well-regulated state medical marijuana programs should not be targeted for […]

Growing Circuit Split Over United States v Newman Insider Trading Case In convicting a Massachusetts attorney of insider trading, the First Circuit Court of Appeals declined to impose the higher standard established by the Second Circuit in the United States v. Newman insider trading case. The decision adds to the circuit split regarding insider trading cases, which […]

The new Bipartisan Budget Act of 2015 could have massive tax implications for partnerships Congress recently revamped the rules by which the IRS examines partnerships for tax purposes with the repeal of the Tax Equity and Fiscal Responsibility Act of 1982. TEFRA rules, otherwise known as unified audit and litigation procedures. The TEFRA rules were […]

Ultra Petroleum files Chapter 11 Recently, Ultra Petroleum, the largest natural gas company in Wyoming and one of the biggest firms in the nation, announced that it had filed for Chapter 11 bankruptcy protection. According The Wall Street Journal, the company cited several months of financial decline for its decision. Ultra Petroleum falls into insolvency In […]