By Sharmil McKee on February 22, 2010
“In a new White Paper, the national nonprofit consumer group Center for Justice & Democracy explores how the weakening of investors’ and borrowers’ legal rights since the 1990s has compounded deregulation and lax regulatory enforcement led to the recent economic collapse. In Legal Abandon: How Limiting Lawsuits Led To The Financial Collapse And What To [...]
Posted in Litigation, Research | Tagged tort reform |
By Sharmil McKee on February 19, 2010
Will and Jada Smith have responded aggressively to legal threats that they fraudulently induced someone to invest in their film project. In 2007, Jada wrote a film, the “Human Contract”; Will produced it. They convinced David Grasso to invest in the film. He did with $5 million dollars. The film went straight to DVD. In [...]
Posted in Litigation, Understanding Contracts | Tagged celebrity, Litigation |
By Sharmil McKee on February 10, 2010
While having a small accounts-receivable balance indicates good financial management, (around 1.5% to 2.5% of your gross income), collecting past-due balances is a displeasing aspects of business. Studies show that 75% of receivables that are 3 months delinquent are paid. However, this number drops to 56% after 6 months. Therefore your delay in collecting past-due [...]
Posted in Litigation, Management, Start-ups | Tagged breach of contract, collections |
By Sharmil McKee on February 4, 2010
Jill Scott is facing a possible multi-million dollar judgment. Her record label, Hidden Beach, is suing her for breach of contract. They claim that she promised to produce 6 albums, but she has only produced 3 so far. They are seeking to recover the money they would have earned had she produced the final 3 [...]
Posted in Litigation, Understanding Contracts | Tagged breach of contract, celebrity, Litigation |
By Sharmil McKee on January 10, 2010
Marvel is suing the Jack Kirby estate to keep its copyright licenses. Jack Kirby is best known for creating, The Fantastic Four, The Avengers, The Incredible Hulk, and co-creating Spider-Man. The Kirby estate sent notices to Marvel that its rights to use Kirby’s characters terminate in 2014. Basically, in 2014, the rights to use and [...]
Posted in Headlines, Intellectual Property, Litigation | Tagged celebrity, copyright |
By Sharmil McKee on November 12, 2009
I received this question by email: I am 50% owner in an S-corp. I am the treasurer and Secretary but my partner is trying to run the business like she is the sole owner. We no longer have a civilized relationship. The business is 1 year old and I have never gotten a penny from [...]
Posted in Asked and Answered, Litigation | Tagged corporation, directors |
By Sharmil McKee on December 23, 2007
In a previous entry, I discussed a recent Supreme Court’s opinion that changed anti-trust legal analysis. In this entry, I will explain the opinion in plain English. http://mckeeoffice.com/blog/2007/12/court_tells_businesses_how_to The Dagher opinion should serve as a sigh of relief for competing companies that want to join temporarily to reduce competition and enhance efficiency. It provides a [...]
Posted in Litigation | Tagged anti-trust, law |
By Sharmil McKee on December 2, 2007
Earlier this week, Hershey released its new product, Ice Breakers Pacs, which are dissolvable pouches filled with powdered mint and sweetener, and are meant to dissolve on the tongue like breath strips. The pouches are blue or orange that, according to Family Court Judge Lori Dumas Brooks , looks uncannily like tiny heat-sealed bags of [...]
Posted in Litigation, Marketing | Tagged corporation, crime, drugs |
By Sharmil McKee on November 29, 2007
Toyota Recalls Lexus, Other Luxury Cars According the Associated Press, “Toyota began recalling 264,000 luxury passenger vehicles over faulty fuel pipes Thursday, including 49,000 flagship Lexus cars sold overseas, the company said.” Cars with leaking fuel lines are defective. Toyota recalled the cars to reduce its exposure to product liability claims. What is product liability [...]
Posted in Litigation | Tagged legal audit, product liability |
By Sharmil McKee on November 16, 2007
Frivolous lawsuit costs Business Owner $300K in legal feesLaw.com – ‘Chewy Vuiton’ Wins Trademark Suit According to Law.com, “Luxury handbag maker Louis Vuitton claimed a Las Vegas company infringed on its trademark with furry “Chewy Vuiton” dog toys, but a federal appeals court refused to bite. ” The Small Business owner, Haute Diggity Dog, eventually [...]
Posted in Litigation |
