On behalf of Daniel Watkins of Watkins Firm, A Professional Corporation posted on Sunday, February 6, 2011. Last week KB Home, based in Los Angeles, said the company could potentially be forced to pay $180 million plus attorney fees in a bankruptcy case involving a joint venture project. The joint venture, South Edge LLC, was behind homebuilding projects in Las Vegas […]
On behalf of Daniel Watkins of Watkins Firm, A Professional Corporation posted on Wednesday, January 26, 2011. New regulations adopted by the Securities and Exchange Commission will require companies to hold nonbinding shareholder votes on executive pay packages. Shareholders will thus have readier access to a method of getting the full attention of a company’s board of directors. The so-called “say […]
On behalf of Daniel Watkins of Watkins Firm, A Professional Corporation posted on Friday, November 19, 2010. According to a new Labor Department report, fewer entrepreneurs are starting new businesses, dimming prospects for growth in employment. The Wall Street Journal reports that in the early stages of the national economic recovery, more businesses are closing than opening. However, new business entities generated […]
On behalf of Daniel Watkins of Watkins Firm, A Professional Corporation posted on Friday, November 12, 2010. Seven Conseco Life Insurance policyholders prevailed against the odds and were granted national class action status for their lawsuit against the Indiana company. Law.com reports that at an October hearing in San Francisco, the U.S. District Court granted the class certification, a […]
On behalf of Daniel Watkins of Watkins Firm, A Professional Corporation posted on Friday, October 22, 2010. An important decision affecting businesses and business law in California came out of the Ninth U.S. Circuit Court of Appeals yesterday. The court rejected arguments that a corporation’s creditors should be prevented from suing shareholders in California state court under an “alter ego” theory if […]
On behalf of Daniel Watkins of Watkins Firm, A Professional Corporation posted on Tuesday, October 12, 2010. The Metro-Goldwyn-Mayer movie studio has been putting together a reorganization plan for Chapter 11 bankruptcy, part of which is that Spyglass Entertainment would take over management of the studio. Now Lions Gate has offered a merger agreement with debt-laden MGM, potentially cancelling out […]