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There comes a time when a business owner wants to take advantage of his/her hard work and is ready to cash out of the business. However, even when a buyer is found there are valuation issues and a number of legal concerns to address in order to protect the owner. What can you do when a purchase price cannot be agreed upon? Written by Martin C. Groh, this story is based on a true-story client dialogue. Read the full article.
Marty chairs the firm’s Tax & Estate Planning Practice Group. Contact Marty with any questions at mgroh@fsglawyers.com or 949.265.1109.
Shop-eat-surf.com, a leading on-line source of business news and information for action sports executives, recently published an article by FSG shareholder Bryan Friedman. In the article “Infringement of Intellectual Property” Bryan explains:
“It is important for the creative people in the industry to understand the boundaries of fair interpretation, and not infringe on other people’s intellectual property. In recent years the following infringements have given rise to numerous claims and large financial liability …” He then discusses key facts to know about trademarks, copyright and personal likeness. Read the full article.
Bryan M. Friedman is a shareholder of FSG. and chairs the firm’s Corporate and Business Practice Group. he can be contacted at bfriedman@fsglawyers.com or 949.265.1106.
Wage & Hour Class Action
Our Employment & Labor Practice Group has spent much of the last two years handling numerous large class action lawsuits in which current and former employees have sued employers based on their failure to comply with California’s very technical legal requirements concerning meal and rest breaks. These requirements are a very common trap for the unwary employer, even when making good faith attempts at compliance. The damages claimed at the outset of these cases are often overwhelming for the employer and it is not unusual for initial damages analysis to reveal potential liability in the millions of dollars. Employers may also be liable for the employees’ attorneys’ fees in these cases. Not uncommonly, the attorneys’ fees are equal to, or sometimes even greater than, the amount of damages claimed by class members.
One of the common issues in these cases is the inadvertent failure of the employer to have the precise technical language now required by California law incorporated into its meal and rest break policies and employee handbook. In light of this current wave of class actions focused on these issues, it makes good business sense for all clients to have their meal and rest break policies, as well as their employee handbook, reviewed by employment law counsel without delay.