Alerts: Legal Ethics and Professional Responsibility
Poaching Lawyers: The Legal Risks
One of the more interesting developments in the legal landscape during the past decade has been the marked change in the way law firms look to achieve growth. Rather than exclusively nurture young associates until they climb the ladder to partner, many law firms take what seems an easier road by recruiting business-generating partners and associates from competing law firms. Read more.
October 16, 2009
Alerts: Advertising Law
FTC Revises Endorsement and Testimonial Guidelines
Today the Federal Trade Commission announced that it has approved revisions to its "Guides Concerning the Use of Endorsements and Testimonials in Advertising". The guides were last updated in 1980. Read more.
October 5, 2009
Alerts: Advertising Law
Maine Passes Sweeping Law Governing Marketing to Minors
The state of Maine recently enacted the "Act to Prevent Predatory Marketing Practices Against Minors", which will restrict collection of personal information from and marketing to minors. This statute could threaten any type of promotion to minors in Maine, including sweepstakes and contests. Read more.
August 13, 2009
Alerts: Technology Law
Massachusetts Adopts New Data Privacy and Security Law
Massachusetts has adopted a wide-ranging data security regulation governing all persons and companies maintaining personal information about any Massachusetts resident. The regulation, "Standards for the Protection of Personal Information of Residents of the Commonwealth," takes effect on May 1, 2009 and carries substantial penalties for noncompliance. This essay briefly summarizes the new regulation. Read more.
June 7, 2009
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Alerts: Employment Law
Executive Compensation: Avoid Unnecessary Taxes on Restricted Founders Equity
Start-up companies typically issue restricted stock to founders pursuant to Internal Revenue Code ("IRC") Section 351. To encourage founders to remain with the company, start-ups often attach vesting provisions to the stock. Managing the vesting of founders equity can be tricky, and simple mistakes can create significant, unanticipated income tax liabilities. One common error we've seen occurs when such founders fail to "elect" to pay income tax at the time of the issuance under IRC Section 83(b). This article identifies this trap and helps you avoid it. Read more.
April 7, 2005