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Cigar Franchisor Settles with FTC
The Federal Trade Commission (FTC) announced that it settled litigation with Grover Stewart, senior operations manager, Nationwide Premium Cigar Distributors Corp. (Hallandale, FL), for failing to provide presale disclosures to prospective purchasers of their cigar and humidor business opportunities. The settlement bans Stewart for 3 years from selling franchises and business ventures, requires him to post a $100,000 bond before selling business opportunities in the future, and bans him from selling his customer lists. Stewart also is banned from violating the Franchise Rule and from making false and misleading representations in connection with the sale of business opportunities. He made no admission of wrongdoing.
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
There's current litigation in the ongoing Beach Boys litigation saga. A lawsuit filed in 2019 against Nevada residents Mike Love and his wife Jacquelyne in the U.S. District Court for the District of Nevada that alleges inaccurate payment by the Loves under the retainer agreement and seeks $84.5 million in damages.
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
The real property transfer tax does not apply to all leases, and understanding the tax rules of the applicable jurisdiction can allow parties to plan ahead to avoid unnecessary tax liability.