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4 May 2024, 7:00 am
Then there’s the woman in Los Angeles who provides services through “OnlyFans. [read post]
8 Apr 2024, 4:22 am
In that vein, following are summaries of five noteworthy, recent court decisions from five different states — two involving LLCs, one involving a limited partnership, and two involving close corporations. [read post]
2 Apr 2024, 12:44 pm
Conclusion With the enactment of the Final Rule, the DOL’s determination of a worker’s status is realigned more closely to longstanding judicial precedent on which employers have previously relied, making consistent enforcement more likely in the years to come. [read post]
20 Mar 2024, 10:05 am
In Costa Rica, you can only hold 49% of shoreline property and must purchase it through an LLC. [read post]
26 Feb 2024, 12:30 pm
The lawsuit named not only SPAC directors and officers but also the financial advisor involved with the deal, Chardan Capital Markets, LLC. [read post]
23 Feb 2024, 1:54 pm
Jed Capital, LLC, where a member raised reasonable doubt as to a manager’s disinterestedness, thus adequately alleging that demand on the LLC’s manager would have been futile. [read post]
23 Feb 2024, 6:00 am
Paze is an upcoming digital wallet from Early Warning Services LLC. [read post]
21 Feb 2024, 4:00 am
World Champ Tech LLC v. [read post]
22 Jan 2024, 3:32 am
A practice pointer: We often encounter LLC operating agreements that authorize the majority to make capital calls, then provide that when a member fails to meet a capital call, the ownership interests will be reshuffled in proportion to the members’ capital accounts. [read post]
21 Jan 2024, 12:30 pm
Endeavor Capital North, 93 Mass. [read post]
10 Jan 2024, 6:32 am
CG Oncology, which is backed by ORI Capital, Decheng Capital, Longitude Venture Partners, and others, is developing a treatment for bladder cancer. [read post]
27 Dec 2023, 3:54 am
The settling of the American colonies is closely tied to English joint-stock companies of the 1600s. [read post]
26 Dec 2023, 4:22 am
In Tsai, the plaintiff 50% member filed suit to foreclose on the defendants’ 50% membership interests in their realty holding LLC based on nonpayment of a $6 million loan made to fund the defendants’ capital contribution. [read post]
4 Dec 2023, 4:58 am
It also stated that there would need to be a management agreement whereby GF would charge ENGenuity a monthly fee for services, and that GF would lend ENGenuity $100,000 for “initial working capital” to be repaid over five years. [read post]
30 Nov 2023, 4:50 am
The justices are evidently taking a close look. [read post]
29 Nov 2023, 10:40 am
For more information about our services, please visit www.riggsdavie.com or contact the author by email at mwilson@riggsdavie.com. [read post]
13 Nov 2023, 1:01 pm
FINRA Rule 2020 Example In October of 2014, The Securities and Exchange Commission (SEC) took action against a high-frequency trading firm, Athena Capital Research, for manipulating the closing prices of numerous NASDAQ-listed stocks during a six-month period in 2009. [read post]
9 Nov 2023, 9:01 pm
My favorite memory of Scott is crossing paths on the way to or from getting lunch in Union Station, where Scott was often accompanied by his close friends and co-workers Tom Sporkin, Greg Faragasso, and John Polise. [read post]
8 Nov 2023, 10:14 pm
The regulator sanctioned Citigroup Global Markets, Inc; Morgan Stanley & Co., LLC; UBS Financial Services; and Wells Fargo Advisors, LLC a total of more than $9.1 million for selling leveraged and inverse exchange-traded funds (ETFs) without reasonable supervision and for not having a reasonable basis for recommending the securities. [read post]
1 Nov 2023, 10:57 am
Many of the allegations are in connection with unsuitable alternative investment recommendations, such as GPB Capital offerings. [read post]
