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Court Watch
Insurance Agencies Closer to Qualifying As Franchises in Michigan
In Bucciarelli v. Nationwide Mutual Ins. Co., 2 Bus. Franch. Guide (CCH) '14, 200 (E.D. Mich. 2009), the Eastern District of Michigan declined to rule as a matter of law that the Michigan Franchise Investment Law (the “MFIL”) did not apply to insurance agency contracts, deviating from precedents set by courts in other jurisdictions and setting the framework for future decisions that could have a lasting impact on the insurance industry in the state. The plaintiff, Rick Bucciarelli, was the sole owner of an insurance agency, Rick Bucciarelli and Associates. Bucciarelli signed an Independent Contractor's Agent Agreement with Nationwide Insurance in which he was entitled to sell insurance and financial products offered by Nationwide and its affiliates.
Bankruptcy Sales: Finding a Diamond In the Rough
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.
Law Firms are Reducing Redundant Real Estate by Bringing Support Services Back to the Office
A trend analysis of the benefits and challenges of bringing back administrative, word processing and billing services to law offices.
Bit Parts
Summary Judgment Denied Defendant in Declaratory Action by Producer of To Kill a Mockingbird Broadway Play Seeking Amateur Theatrical Rights
Risks of “Baseball Arbitration” in Resolving Real Estate Disputes
“Baseball arbitration” refers to the process used in Major League Baseball in which if an eligible player's representative and the club ownership cannot reach a compensation agreement through negotiation, each party enters a final submission and during a formal hearing each side — player and management — presents its case and then the designated panel of arbitrators chooses one of the salary bids with no other result being allowed. This method has become increasingly popular even beyond the sport of baseball.
One Overlooked Element of Executive Safety: Data Privacy
Executives have access to some of the company's most sensitive information, and they're increasingly being targeted by hackers looking to steal company secrets or to perpetrate cybercrimes.