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START-UP NY: Creating Tax-Free Zones for High-Tech Startups in New York State

In an effort to attract startup companies and leverage the research capacity and workforces available in New York’s colleges and universities, New York State recently established tax-free zones for certain startup companies....more

First Circuit Enforces D&O Policy’s Known Circumstances Exclusion

The First Circuit Court of Appeals recently held that a “Known Circumstances Exclusion” in an insured school’s D&O policy barred coverage for an underlying action involving misrepresentations in soliciting a donation....more

First Circuit Holds Prior Knowledge Exclusion Applicable

In its recent decision in Clark School for Creative Learning, Inc. v. Philadelphia Indemnity Ins. Co., 2013 U.S. App. LEXIS 21568 (1st Cir. Oct. 23, 2013), the United States Court of Appeals for the First Circuit, applying...more

In a First, SEC Charges Indiana School District and Municipal Bond Underwriter with Fraud

The Securities and Exchange Commission (SEC) on July 29, 2013 charged a school district in Indiana and its municipal bond underwriter with falsely stating to bond investors that the school district had been properly providing...more

July Economic Update Reports $463 million more in Revenue

Minnesota Management and Budget’s (MMB) July Economic Update reported that general fund revenues for FY 2013 have increased $463 million since the February Forecast. This revenue increase must be reconciled by MMB with any...more

The Academics Are Just Plain Wrong: The Trust Is Not a Contract

Since the 1960s, the trust has been under attack on two fronts in the American law school. First, the traditional Trusts course has been down-graded to elective status, a misguided curricular “reform” that Charles E. Rounds,...more

PA Notes - September 22, 2011

In This Newsletter: Pennsylvania Sales and Use Tax Ruling No. SUT-06-014 (July 20, 2011).... Pennsylvania Corporation Tax Bulletin No. 2011-2 (July 20, 2011)..... Lebanon Valley Farmers Bank v....more

Statutory Demands in a Nutshell

If you operate or contract with companies in Australia, then you should be aware of the statutory demand procedure. Statutory demands are increasing in use and have important implications on the solvency of a corporate...more

Follow-Up to "Annual Legal Update" at THE Foundations Seminar

Your alma mater, the local branch of the State University system, just derecognized the Beta chapter of your fraternity. You are the president of the local house corporation. Your house corporation now has an asset, the...more

MICROENTERPRISES: Developing South Memphis, Inside Out

MICROENTERPRISES: Developing South Memphis, Inside Out, written by Vanessa M. Cross and submitted in partial satisfaction of the Poverty Law Seminar (Prof. Lee A. Harris, Faculty of Cecil C. Humphreys School of Law at the...more

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