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By : Charlie Wittmack If you own a partnership (or an LLC that is taxed as a partnership), you may divide your partnership interest (or membership interest in the case of an LLC) into a capital interest and a profits interest. Every business owner understands the value of their “capital interest,” which represents their ownership
Employer-mandated biometric screening is an emerging area of the law that is increasingly controversial. Two recent opinions are shaping how employers collect this data and what they do with it. Employers’ use of biometric data has been increasing in recent years as employers seek creative new ways to counteract ballooning health care costs by motivating
The Ex-CEOs of two category-leading, but poorly performing, national brands escalated their battles this week with a host of new allegations that forced onlookers to determine whether personal issues or financial performance were to blame. On Tuesday morning, Demos Parneros, the recently ousted CEO of Barnes & Noble filed suit in the Manhattan Federal Court
NEW YORK (Reuters) – General Mills Inc has been hit with a proposed class action lawsuit claiming the company failed to warn consumers about traces of the weedkiller glyphosate in its Cheerios cereals. A Florida woman in her Thursday lawsuit in Miami federal court said she never would have purchased the company’s Cheerios and Honey
The operator of two IHOP restaurants in Illinois has agreed to fire two managers and three cooks who the Equal Employment Opportunity Commission says sexually harassed or assaulted at least a dozen employees, and pay $875,000 to the alleged victims. U.S. District Judge David Herndon in East St. Louis, Illinois on Thursday approved a consent
EXECUTIVE SUMMARY Commercial general liability insurance (CGLI) is often used to manage risk on a construction project. However, CGL policies can contain gaps in coverage or exclusions that may leave a contractor or subcontractor without the anticipated protection. This Hartung Schroeder Practice Note addresses common business risk exclusions in CGL policies and provides guidance on how
