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Decision of Note: <b>Legends President Owes SC Corp. No Fiduciary Duty</b>
The Supreme Court of South Carolina ruled that the president of the Nevada-based Legends In Concert owed no fiduciary duty to a corporation formed by an entrepreneur to raise the capital needed to produce a Legends musical in Myrtle Beach. Pittman v. Grand Strand Entertainment Inc., 25969.
Plaintiff Ben Pittman formed Grand Strand to mount a public stock offering. Grand Strand then entered into a licensing agreement with Legends In Concert but never made the stock offering or raised funds cited in the licensing agreement. After Legends president John Stuart terminated the agreement, an arbitrator ruled in favor of Legends. Pittman then proceeded with a suit against Stuart himself.
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Beach Boys Songs Written Decades Ago Triggered Current Quarrel With Lawyers
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.
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The Article 8 Opt In
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Strategy vs. Tactics: Two Sides of a Difficult Coin
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.
Transfer Tax Implications on Real Property Leases
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.