by R. Shawn McBride | Apr 18, 2017 | LLC, Maryland Law update, Multiple Owners, New York Law Update, Texas Law Update, Texas Non-Competes, Uncategorized
R. Shawn McBride recently published an article to the McBride For Business Blog on a topic that might be of interest: Cross Pollination: Don’t Limit Yourself. He examines how some regions are better at manufacturing, some regions are better at capital...
by Staff of the Firm | Aug 11, 2016 | Business Management, Maryland Law update, Uncategorized
In Oliveira v. Sugarman,[1] the Court of Special Appeals of Maryland said that, in reviewing corporate decisions made by a board of directors, it needs to consider the business judgment rule—a presumption that the board acted on an informed basis, in good faith, and...
by Staff of the Firm | Aug 4, 2016 | Business Management, Maryland Law update, Uncategorized
In Oliveira v. Sugarman,[1] two shareholders of iStar Financial Inc. (“iStar”), a Maryland corporation, sued former and current members of the company’s board of directors and senior management regarding employee compensation plans. In 2009, iStar approved an...
by Staff of the Firm | Jul 28, 2016 | Business Management, Maryland Law update, Uncategorized
In our previous blog series on Texas Double-Derivative Shareholder Suit, we introduced the concept of business judgment rule—the presumption that directors or managers, in performing their functions, were honest and well-meaning and that their decisions were informed...
by Staff of the Firm | Feb 25, 2016 | Business Management, Choice of Entity, LLC, Maryland Law update, Personal Liability, Uncategorized
Maryland. In recent years, Maryland has become one of the most difficult states in which to pierce the corporate veil, with a success rate at about 25.81%.[1] This is an interesting reversal, given that the state had a relatively liberal 40% rate until 1986.[2] ...
by Staff of the Firm | Oct 20, 2015 | Business Management, Delaware Law Update, Maryland Law update, Minority Shareholders, Multiple Owners, New York Law Update, Texas Law Update, Uncategorized
Texas: An Issue for the Jury. In Texas, a holder of shares of a corporation for at least six (6) months, or a holder of at least 5% of all of the outstanding shares of a corporation, is entitled to examine and copy the corporation’s relevant books, records of account,...
