Conversion

Maryland Adopts Business-Friendly Bills

by Carmen M. Fonda, Michael Leber, Patricia McGowan | Venable LLP on 5/16/2013

Entity Conversions - On April 3, 2013, the Maryland legislature approved HB 1140, which we expect Governor O’Malley to sign into law this month. The bill enacts new provisions of the Corporations and Associations...more

Missouri Court Rejects Attempt to Plead Conversion into Coverage through Negligence Counts

by Kathryn Metz | Sedgwick LLP on 5/13/2013

In Allen v. Cont’l W. Ins. Co., 2013 WL 1803476 (Mo. Ct. App. April 30, 2013), the Missouri Court of Appeals found that a Commercial General Liability (“CGL”) insurer had no duty to defend its insureds, a title loan company...more

An Overview of Preferred Shares and Associated Rights

by The R. Bernard Law Group on 5/1/2013

Common Features of Preferred Share Investments in Startups - Venture capitalists and other early stage investors typically invest in startups and emerging growth companies through preferred shares (normally with...more

Business Torts In Virginia

by James V. Irving | Bean, Kinney & Korman, PC on 3/7/2013

In late January, the United State District Court for the Eastern District of Virginia, sitting in Richmond, handed down an opinion that provided a succinct analysis of the pleading standards applicable to several Virginia...more

Hallmark Recoups Former Executive’s Severance Pay Seven Years after Separation Agreement

by Mary Theresa Metzler, Claire Ana-Perot Tracey | Ballard Spahr LLP on 1/22/2013

Seven years after entering into a separation agreement with one of its executives, Hallmark Cards, Inc. brought suit against the former employee, seeking a “full refund” of the $735,000 severance it paid her....more

Built-In Gains Shortened Holding Period Extended By New Tax Bill

by Qian Wang | Fowler White Boggs P.A. on 1/18/2013

Generally, if a corporation converts from a C corporation to a subchapter S corporation, the corporation must hold its appreciated assets for at least 10 years or, otherwise, the corporation must pay taxes (which could be as...more

Patton Boggs Reinsurance Newsletter - December 2012: Florida Appellate Court Affirms Decision Rejecting Forum Non Conveniens...

by Patton Boggs LLP on 1/10/2013

ABA Capital Markets Corp. v. Provincial De Reaseguros C.A., No. 3D12-130, 2012 WL 5416441 (Fla. Dist. Ct. App. Nov. 7, 2012). In this appeal of a lower court’s non-final order denying defendant’s motion to dismiss a...more

Business Law Newsletter - January 2013

by Rachelle E. Hill, James V. Irving | Bean, Kinney & Korman, PC on 1/10/2013

In This Issue: - Written Contracts and the Statute of Limitations...Page 1 - Website Owners: Who is Liable for Third Party Postings on Your Website?...Page 2 - Business Tort Brings Sanctions...Page 3 -...more

Hotels.com And Other Online Travel Vendors Don't Have To Pay Occupancy Taxes To North Carolina Counties

by Mack Sperling | Brooks Pierce on 1/7/2013

It's hard to like the result in Wake County v. Hotels.com, LP, 2012 NCBC 61. The case is a consolidation of cases brought by several North Carolina counties (Mecklenburg, Wake, Dare, and Buncombe) against Hotels.com and other...more

Business Tort Suit Brings Sanctions

by James V. Irving | Bean, Kinney & Korman, PC on 12/31/2012

Virginia’s business-friendly laws and precedents provide employers with powerful remedies and employees with effective deterrents against wrongful conduct in business affairs. As a Fairfax Circuit judge has recently...more

Lack Of Factual Detail In Record Raised Issues Concerning Statute Of Limitations In Real Estate Transaction Lawsuit

by Schecter Law on 12/28/2012

In Xavier v. Leviev Boymelgreen Marquis Developers, LLC, 3D11-549(Fla. 3d DCA, Nov. 21, 2012), Maiko A. Xavier and Gricell B. Perez (“Plaintiffs”) sought review of the trial court’s dismissal with prejudice of their real...more

Patton Boggs Reinsurance Newsletter - December 2012: Texas Federal Court Finds for Managing Agent of Cedent Against Reinsurer

by Patton Boggs LLP on 12/22/2012

Lincoln Gen. Ins. Co. v. U.S. Auto Ins. Servs., Inc., No. 3:10-CV-2307-B, 2012 WL 3777408 (N.D. Tex. Aug. 30, 2012). A Texas federal court granted an underwriting agent’s motion for summary judgment in part in a...more

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