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Understandably, companies have become more sensitive about protecting confidential, proprietary business information from disclosure to competitors and others outside the company.
A recent ruling by the United States District Court for the District of Columbia, Venetian Casino Report v. EEOC, 2006 WL 2806568 (D.D. Cir. 2006), demonstrates that such disclosures may occur in the most unexpected ways. The court's holding in Venetian makes it clear that the Equal Employment Opportunity Commission (EEOC) can release sensitive, confidential or proprietary company documents submitted in response to a Charge of Discrimination without first providing notice to the employer that submitted the information. Further, the EEOC is empowered to release these documents not only to the charging party but also to third parties. Employers should be aware of this potential source of disclosure and consider steps to limit inadvertent misuse of company information.
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There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
A federal district court in Miami, FL, has ruled that former National Basketball Association star Shaquille O'Neal will have to face a lawsuit over his promotion of unregistered securities in the form of cryptocurrency tokens and that he was a "seller" of these unregistered securities.
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In recent years, there has been a growing number of dry cleaners claiming to be "organic," "green," or "eco-friendly." While that may be true with respect to some, many dry cleaners continue to use a cleaning method involving the use of a solvent called perchloroethylene, commonly known as perc. And, there seems to be an increasing number of lawsuits stemming from environmental problems associated with historic dry cleaning operations utilizing this chemical.