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In the Marketplace
Gig Economy rideshare provider, Uber, has launched Uber Freight, an app that matches trucking companies with loads to haul. According to Uber, vetted users download the app, search for a load, and then tap to book it. A rate confirmation is immediately forwarded, which eliminates a common anxiety in trucking about whether or not the load is really confirmed. The company stated that it is committed to paying within a few days, fee-free, for every load, claiming, “when things don't go as planned or drivers have to wait longer than expected, we pay for that too.” Once a driver begins using the app, the published rates will be guaranteed and the app's GPS will help track the status of the load, and prove to shippers when a driver arrived at a facility.
Penske Truck Leasing of Reading, PA, has entered into an agreement to acquire Richmond, VA-based Old Dominion Truck Leasing. Financial terms were not disclosed. Old Dominion serves approximately 360 customers in diverse industry sectors from 11 locations in five states. The acquisition adds approximately 1,400 tractors, trucks and trailers to Penske's fleet. The transaction is subject to customary closing conditions and the parties anticipate closing this month.
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.
Judge Rules Shaquille O'Neal Will Face Securities Lawsuit for Promotion, Sale of NFTs
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.
Removing Restrictive Covenants In New York
In Rockwell v. Despart, the New York Supreme Court, Third Department, recently revisited a recurring question: When may a landowner seek judicial removal of a covenant restricting use of her land?
Why So Many Great Lawyers Stink at Business Development and What Law Firms Are Doing About It
Why is it that those who are best skilled at advocating for others are ill-equipped at advocating for their own skills and what to do about it?
Blockchain Domains: New Developments for Brand Owners
Blockchain domain names offer decentralized alternatives to traditional DNS-based domain names, promising enhanced security, privacy and censorship resistance. However, these benefits come with significant challenges, particularly for brand owners seeking to protect their trademarks in these new digital spaces.