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Commentary: Key valuation elements to consider in your buy-sell agreement
A shareholder buy-sell agreement for a closely held business is not unlike a will for estate planning. You probably won’t need one until a “triggering event” in the agreement occurs. Typical triggering events in a buy-sell agreement of a closely held company that require a business valuation can include death, disability, divorce, personal bankruptcy, retirement, […]
Small businesses wait for verdict on 2017 health care costs
NEW YORK — Autumn is an anxious time for many small and medium-sized business owners as they wait to learn whether their health insurance costs will go up for 2017 — and if so, by how much? “There’s always a lump in your throat because you don’t know what you’re going to get,” says Darren […]
Survey: Budget tightening not hurting business
NEW YORK — Washington’s budget tightening is having a minimal effect on businesses, a survey of business economists released Monday shows. The National Association for Business Economics survey asks how higher taxes and lower government spending affected businesses in the first three months of 2013. Ninety-three percent of respondents say the political developments had no […]
Forbes: N.Y. ranks 23rd in overall business climate
New York State ranked 23rd in terms of overall business climate, but 46th in terms of business costs, in an annual list Forbes magazine released Wednesday that placed Utah at the top and Maine at the bottom.
US pushes to keep entrepreneur jobs here
CAMBRIDGE, Mass. — The Obama administration’s top immigration official says his agency is working to attract and keep more foreign-born high-tech entrepreneurs who are seeking to start a company in the U.S. U.S. Citizenship and Immigration Service Director Alejandro Mayorkas says his agency “has not been especially nimble” to adapt to fast-paced changes in the […]
Schumer: Help bring Greek yogurt to schools
NORWICH — Sen. Charles Schumer asked federal officials Monday to make it more affordable for public schools to serve Greek yogurt, saying it would expose more students to the high-protein food and boost an already-booming business in New York. Schumer sent a letter to Agriculture Secretary Tom Vilsack asking that he modify the federal school […]
Nixon Peabody attorneys talk about doing business in Europe
There are a lot of things to consider when doing business in Europe. To help clients looking to expand, Nixon Peabody LLP hosted a Global Economic and Legal Forum with a European focus Wednesday at its Rochester offices. The firm opened a Paris office about four years ago, which office Managing Partner Carolyn G. Nussbaum […]
Grants will create and retain 695 jobs
The approval of $4.2 million in Community Development Block Grant Economic Development awards, announced this week by Gov. Andrew M. Cuomo, will benefit businesses across the state, ranging from small microenterprises to larger industrial companies. The federally-funded CDBG program provides financial assistance to eligible counties, cities, towns and villages by providing decent affordable housin[...]
Who reigned Supreme?
Each June when the U.S. Supreme Court wraps up its term, the same question is asked in legal circles: who won more — businesses or plaintiffs? While typically neither business leaders nor trial lawyers are known for passing on an opportunity to celebrate success ...
New York near the top in cost of doing business
New York is the third most expensive state in the nation in terms of cost of business and the most expensive on the mainland, according to a ranking compiled by CNBC. But New York also ranks toward the top in terms of education, technological innovation and access of capital ...
Obama signs initiative to promote business in U.S.
WASHINGTON — President Barack Obama has issued an executive order setting up a government project to retain and attract business to the United States. The program will be run out of the Commerce Department but will involve departments ...
US businesses ordered more factory goods in March
WASHINGTON, D.C. — U.S. businesses increased their demand for industrial machinery, computers and autos in March, lifting factory orders for the fifth consecutive month. Orders rose 3 percent in March after a 0.7 percent increase in February ...
Case Digests
- NYS Advisory Committee on Judicial Ethics – Review of another judge’s actions: Opinion 22-153
- NYS Advisory Committee on Judicial Ethics – Charitable contributions: Opinion 22-150
- Second Circuit – Class action settlement: Moses v. The New York Times Company
- Fourth Department – Breach of contract: Hausrath Landscape Maintenance Inc. v. Caravan Facilities Management LLC
- Second Circuit – New York Child Victim’s Act: Kane v. Mount Pleasant CSD; Coe v. Eastport Union Free School
- NYS Advisory Committee on Judicial Ethics – Appointing law clerk: Opinion 22-149
- Fourth Department – Bill of particulars: Harris v. Rome Memorial Hospital, et al.
- NYS Advisory Committee on Judicial Ethics – Accusations against co-judge: Opinion 22-148
- Fourth Department – Medicaid: Washington Center for Rehabilitation and Nursing Home v. NYS Dept. of Health
- Fourth Department – Criminal possession of a firearm: People v. Wilson
- Fourth Department – Promoting prostitution: People v. Watts
- Second Circuit – Class certification: Arkansas Teachers Retirement System V. Goldman Sachs Group Inc.
Law News
- Fourth Department affirms $400K judgment in contract dispute
- Could legislation limiting non-compete agreements kick off a new era of workplace disputes?
- Fourth Department affirms decision in NY property dispute
- Greenlight Networks selects Buffalo-based attorney as general counsel
- Barclay Damon hires attorney Matt Smith
- Rochester man sues Geneseo police, alleging false arrest, assault
- The Daily Record’s Power List for Intellectual Property 2023
- NY ethics panel says judges can join NRA
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