Pursuant to the Corporate Transparency Act of 2021, U.S. companies are now required to disclose certain Beneficial Ownership Information (BOI). While this law has been on the books for a few years now, the grace period is almost over. The Financial Crimes Enforcement Network (FinCEN) mandates that corporations and limited liability companies registered in the […]
In Warner Chappel Music, Inc. v. Nealy, the Supreme Court found that a timely filed claim for copyright infringement is not subject to an additional time limitation on monetary recovery. Rather, the Copyright Act entitles a “copyright owner possessing a timely claim for infringement…to damages, no matter when the infringement occurred.” The court acting on […]
For startup founders and investors in startups alike, navigating the world of financing can be tricky. Two popular instruments used to raise early-stage capital are SAFEs (Simple Agreements for Future Equity) and convertible notes. How do they differ? And in what circumstances may one be better than another? This determination will vary depending on whether […]
In the dynamic world of fintech startups, securing funding efficiently can significantly impact growth. One financial instrument gaining popularity is the Simple Agreement for Future Equity (SAFE) note. SAFEs were introduced by Y Combinator in 2013 to simplify early-stage investments. This post explores their utility for fintech startups, the benefits they offer, key drafting considerations, […]
On April 23, 2024, the U.S. Federal Trade Commission (FTC) voted to ban noncompete clauses in employment contracts. This new rule will go into effect on September 4, 2024, 120 days after its publication in the Federal Register. While the language of the rule targets noncompete clauses specifically, other types of restrictive employment covenants may […]
While Bitcoin enthusiasts celebrate the stunning success of a newly approved group of exchange-traded funds this week, the FBI continues to search for an unidentified hacker who posted a counterfeit tweet about the ETFs that caused confusion and chaos in the markets. Since the Bitcoin ETF approval date of January 10, the exchange-traded funds have […]
UPDATE 4/25/2024: In March 2024, a U.S. District Court judge in Alabama held that the Corporate Transparency Act was unconstitutional in an opinion ruling on a motion for summary judgment. The ruling was critical of Congress’s choices in constructing the Act, but not of its aims. The Court discussed Congress’s failure to narrow the […]
“Van wasn't talking in terms of what was in his best interest as a lawyer, but mine as a client.” –Eric Lee If you’ve ever had to take your car into the shop, you’ve probably had this feeling: You’ve got a piece of work that needs doing, but you don’t know whether it’s going to […]
As we wrote in April 2023, the Supreme Court recently heard a case involving Jack Daniel’s and a poop-themed dog toy made by VIP Products. On June 8th, the Court held unanimously in favor of Jack Daniel’s. Unlike the approach of the Ninth Circuit Court of Appeals, the Supreme Court rejected the applicability of the […]
“Zach was very compassionate, very patient. He gave a thorough answer to every single question I had.” Felicia Alford calls herself an author by accident. She grew up in the shadow of a family tragedy that surviving relatives rarely talked about: A fire that killed seven of eight children in 1964. The story—chronicled in her […]