By Todd McMurtry | Published September 15, 2020 | Posted in Business Law | Tagged Tags: derivative lawsuit, good faith, legal presumption, shareholder | Comments Off on Understanding Shareholders’ Rights in Derivative Actions
Understanding Shareholders’ Rights in Derivative Actions
When someone who controls a corporation, such as a CEO or director, engages in conduct that a shareholder believes has harmed the corporation in some way, what can the shareholder do about it? In some circumstances, a shareholder may file a derivative lawsuit. Shareholders are investors in a corporation but they do not have control Read More
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Can China Be Held Legally Responsible for the COVID-19 Epidemic?
A bill recently introduced in Congress would allow Americans to sue the Chinese government for harm caused by the coronavirus pandemic. The measure, called the Holding the Chinese Communist Party Accountable for Infecting Americans Act, is the most recent in a series of attempts by legislators to saddle China with legal liability for the spread Read More
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Estate Planning in the Time of Coronavirus
The coronavirus has swept through Kentucky and Ohio just as it has the rest of the nation. As the number of confirmed COVID-19 cases has risen, along with the death toll, more people may be thinking about long-term medical care and how their assets will be distributed if they pass away. The quarantine period is Read More
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Coronavirus Relief Bill Temporarily Expands Family and Medical Leave
The Families First Coronavirus Response Act (FFCRA), enacted as part of the national response to COVID-19, requires employers to allow employees expanded family and medical leave for reasons related to the coronavirus. The new law temporarily expands the reach of the Family and Medical Leave Act (FMLA), which applies to all private employers with at Read More
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How COVID-19 Might Affect Your Estate Tax Planning
It should not take a pandemic to remind us all of our own mortality and the need to plan for our loved ones. However, the lethal spread of the COVID-19 virus highlights why it is so important to have a sound strategy in place to minimize taxes and maximize the value of your estate. We Read More
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Complying with Corporate Annual Meeting Requirements during the COVID-19 Quarantine
How do you hold a corporate annual meeting when the entire country is in lockdown? On the surface, it might seem like a simple matter of using a favorite video conferencing tool and perhaps checking to see if it’s been hacked. Annual meetings for corporations are more than get-togethers. They are legally mandated proceedings that Read More
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Due to COVID-19, the IRS Pushes Tax Deadline Back to July 15
The traditional tax day of April 15 has passed and millions of Americans are taking advantage of the three-month reprieve given by the federal government and many states in response to the COVID-19 pandemic. Depending on your individual circumstances, you might be looking to file as quickly as possible in order to collect your refund. Read More
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Key Aspects of the CARES Act Provisions Authorizing Small Business Loans
Small business owners are necessarily prepared for various types of challenges, but what do you do when the government orders you to close for an indefinite amount of time? Unfortunately, the COVID-19 pandemic has put millions in this very difficult position. Even worse, it is still unclear in many places when authorities will allow businesses Read More
Read MoreWhen Can a Worker Sue for Defamation?
Your ability to earn a livelihood depends in large part on your reputation, which can be heavily based on what your present and previous employers or clients say about you. If you believe that anyone connected with your career made disparaging remarks that hurt your prospects for a job or a promotion, you may be Read More
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Potential Tax Effects Associated with the CARES Act Stimulus
Since March, federal and state governments have engaged in a variety of methods designed to safeguard Americans’ health and financial security in the wake of the coronavirus pandemic. At any time, taxes have a direct impact on our lives, so it’s natural that some of the key provisions of the recently passed Coronavirus Aid, Relief, Read More
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