The State University of New York has reached a deal with unions and Northern Brooklyn community groups regarding the future of its Long Island College Hospital. In February of 2013, SUNY’s board of trustees voted to close the hospital and were seeking sell the property to (likely one of four)…
It seems the U.S. Securities and Exchange Commission is one of the busiest federal agencies lately, as it brought down the hammer once again, this time obtaining a $2.5 million penalty from Scottrade, Inc. by way of settlement…… SEC Alert: Scottrade $2.5MM Settlement It seems the U.S. Securities and Exchange…
On February 10, 2014, the Third Circuit Court of Appeals affirmed a lower federal court’s jury verdict of insider trading against Alfred Teo and a trust he controlled. Alfred Teo Sr., a former shareholder in Musicland Stores Corp….. SEC Insider Trading Alert: Teo’s Musicland Insider Trading Appeal Unsuccessful On February 10,…
The United States continues to make great strides in whistleblower protection as the world super power recently made demands regarding protection on the world stage. The United States was prompted into action as a result of United Nations officials taking retaliatory measures against a former United Nations employee who blew the…
Another day, another whistleblower claim, as increased action continues on qui tam front. A bus driver named Robert Dukin drove for the Mount Olive school district from 2007 to 2010 but he claims he was let go for reporting unsafe working conditions of his vehicle. Dukin v. Mount Olive Twp. Bd. of Ed. came…
The False Claims Act has long stood as the benchmark in legislation to both protect and inform the whistleblower. (For a deeper explanation of the False Claims Act, see the previous post regarding it) Since the expansion of the law through recent… 2013 Proves Great for Whistleblowers The False Claims Act…
Google is back in the news with another large sale M&A transaction, but this time, as the seller. In May of 2012, Google purchased Motorola for $12.5 billion in an effort to create a new means of producing hardware to operate the Android operating system. Well this week, it seems…
You have probably heard of class actions…but class arbitrations? Class Arbitration Confusion You have probably heard of class actions…but class arbitrations? Class arbitration and its suitability as a vehicle for litigation is in flux as courts nationwide struggle to find common ground in the law. A 2009 New Jersey matter…
Many large corporations continue to flex their financial strength even in the modern economy, serving as an example to many smaller businesses that 2014 is the perfect time to expand. Recently, mega giant Google bought smart home device designing… A Market of Acquisitions and Mergers Many large corporations continue to flex…
When dealing with legal matters, company records and data pertaining to litigation is of vital importance in the resolution of the matter at hand. When a company becomes aware that it is involved in, or may become involved in, litigation, a litigation hold should… Litigation Holds When dealing with legal matters,…