Q: My partner and I use a life insurance-funded buy-sell agreement for our business. I saw a recent Supreme Court decision that discussed this very topic. How does that ruling
Know the Law: Structuring Buyouts After Supreme Court Tax Ruling
Something To Cheer About; Families of Cheerleaders Obtain $82.5 Million Dollar Settlement
On Tuesday, June 18, 2024, a Federal Court in Tennessee approved an $82.5 million dollar settlement in an antitrust action brought by parents of school-aged cheerleaders against Varsity Brands, LLC
Why Non-Disclosure Agreements in Prenups are Necessary for Professional Athletes
In 2022, the world was surprised by how swiftly Tom Brady’s divorce from Gisele Bundchen occurred. Outside of alleged rumors, there was no build-up and no media attention discussing the
Collegiate Athletes and Prenuptial Agreements
Consider the case of Arch Manning, college football’s most sought-after recruit in 2022. With the seismic shift that college sports have experienced in recent years, the conversation has evolved from
Navigating Intellectual Property Ownership Issues in Non-IP Contexts
Intellectual property (IP) ownership issues may arise in a wide range of legal and business contexts, often reaching beyond what some might consider traditional IP law. Such issues may come
Court Scrutiny Faced by The Department of Labor’s New Rule Increasing Exempt Employee Salary Thresholds
In April 2024, the Department of Labor (DOL) issued its final rule raising the threshold salary requirements under the Fair Labor Standards Act (FLSA) for employees classified as exempt from
U.S. Supreme Court Rules for IRS in Key Succession Planning Case
The U.S. Supreme Court ruled last week that life insurance policy proceeds payable to a company were properly included in valuing the company for federal estate tax purposes, despite that
Mitigating Liability from a Cyber Breach
All businesses – in all industries and of all sizes – are targets for cyber criminals. Thus, implementing measures to reduce the risk of a breach is the best technique
Know the Law: Required Document Preservation for a Likely Lawsuit
Q: I own a business, and a former employee has notified me that they intend to sue my business. Do I have any requirement to preserve documents or other potential
Unlocking the Power of Letters of Wishes in Your Estate Plan
Estate planning is not just about legal documents and financial assets; it’s also about leaving behind your wishes, values, and guidance for your loved ones. While wills and trusts form
The Danger of the “Deemed Export”
It is common knowledge that the import and export of goods and technology into and out of the U.S. are regulated. At least three separate federal agencies focus on export
The Department of Labor Releases Final Rule Increasing Salary Threshold for Exempt Employees
On April 23, 2024, the United States Department of Labor (“DOL”) issued its final rule (here) increasing the salary level for certain professional employees to be properly classified as exempt
Landmark NCAA Settlement Contemplates Direct Payments to Student-Athletes
On May 23, 2024, the NCAA and the “power-five” conferences reached a groundbreaking settlement in a class action lawsuit pertaining to three antitrust cases – House v. NCAA, Carter v.
NIL Deal Gone Wrong: Former University of Florida Recruit Sues Head Football Coach & NIL Collective
On Tuesday, May 21, former University of Florida football commit and current University of Georgia football player, Jaden Rashada, filed a lawsuit in the U.S. District Court for the Northern
Know the Law: A Little Equity to Keep Employees
Issuing equity in your company is one of the most effective ways to retain key employees. The hope is that by giving the employee equity in the company, they are
The SEC’s Climate Disclosure Rules Have Been Stayed Temporarily, but Companies Should Not Delay Planning and Preparing For Their Implementation
On March 6, 2024, the United States Securities and Exchange Commission (SEC) issued its final climate rules, entitled “The Enhancement and Standardization of Climate-Related Disclosures for Investors” (Climate Rules), that