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[11/20] W.Va. municipal pension relief plan wins passage
[11/20] Oil hovers below $78 as traders eye US dollar
[11/20] Customs agents seize 316,000 bongs in LA
[11/20] Bus company: Driver in Minn. crash had aneurysm
[11/20] EU extends Oracle/Sun review deadline until Jan 27
[11/20] GM to release plan for European units in December
[11/20] European markets push higher ahead of Trichet
[11/20] Ahead of the Bell: Dell shares fall on weak 3Q
[11/20] Audit: public schools lax in financial management
[11/20] Ask AP: Shuttle complexity, credit union agency
[11/20] Investors sue Fla. lawyer in fraud probe for $100M
[11/20] Volkswagen board moves closer to Porsche merger
[11/20] QuinStreet plans $250 million IPO
[11/20] LDK Solar completes sale of stake in Chinese plant
[11/20] China raises nonresidential electricity rates

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Top Headlines

[11/20] $6M verdict upheld in McDonald's strip search case
[11/20] Investors sue Fla. lawyer in fraud probe for $100M
[11/20] NYC model who married doorman sues upscale co-op
[11/20] NYC TV newsman guilty of attempted assault on wife
[11/20] Ala. court says woman can't claim $41.8M jackpot

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Articles

Business Organization and Transactions

What should you understand about accounting when you start your business?

Business owners who understand and adhere to the basic principles of accounting can greatly increase their businesses' chances for success. A basic definition of accounting is a process of recording business transactions and using that information to analyze the prospects for the business.

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Registering Your Business Name

What is in a name? For some businesses, much rests on the business’s name. Marketing, branding and networking can all rely on a business name. A new or existing business needs to ensure that, if it chooses not to do business by its legal name, the name it chooses is available in the state in which it is located.

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Case Summaries

Commercial Law

[11/20] Hukic v. Aurora Loan Serv.
In plaintiff's suit against defendants claiming breach of contract, tortious interference, and violation of the Fair Credit Reporting Act, arising from a six-figure mortgage he obtained at an interest rate of 10.65% where he was to make monthly payments as well as taxes, insurance premiums and other charges and fees, summary judgment in defendants' favor and dismissal of plaintiff's claims for defamation and intentional infliction of emotional distress is affirmed because plaintiff did not comply with the terms of his agreement that required him to submit proof of payment.

[11/19] Davis v. Ford Motor Credit Co.
In plaintiff's action against the Ford Motor Credit Company (Ford) claiming that Ford's billing practices under a retail installment sales contract in charging late fees is prohibited by the Rees-Levering Motor Vehicle Sales and Finance Act, and actionable under Unfair Competition Law and the Consumers Legal Remedies Act, dismissal of the suit is affirmed where: 1) Ford's conduct of charging successive late fees for successive late payments does not violate Civil Code section 2982(k)'s prohibition on charging more than one late fee per delinquent installment; 2) plaintiff cannot allege Ford's billing practice is an unfair business practice within the meaning of UCL because the alleged injury is one plaintiff reasonably could have avoided; and 3) although Ford was the prevailing party, it cannot recover its attorney's fees pursuant to the Rees-Levering's reciprocal attorney's fees provision because the alleged Rees-Levering violation was merely a predicate to the UCL claims, and a prevailing defendant cannot recover attorney's fees under the UCL.

[11/19] Iovate Health Sci., Inc. v. Bio-Engineered Supplements & Nutrition, Inc.
In a patent case involving nutritional supplements containing a ketoacid and an amino acid to enhance muscle performance or recovery from fatigue, summary judgment holding certain of plaintiff's patent claims invalid as anticipated is affirmed as the Professional Protein advertisement constitutes an anticipatory printed publication under section 102(b) that invalidates the asserted claims of the patent as: 1) the ad discloses each and every claim limitation as a matter of law; and 2) a person of skill in the art, combining his or her knowledge of the art with the advertisement's suggestions, would have considered the advertisements to be enabled.

[11/16] Corey Airport Servs., Inc. v. DeCosta
In an action by an advertising display company claiming that defendants conspired to ensure that a competing bidder on a municipal project would be awarded the contract, even though acceptance of plaintiff's bid would have been in the best interest of the city, denial of summary judgment based on qualified immunity is reversed where the Supreme Court's broad statement that the unequal application of facially neutral law with the intent to discriminate may violate the Equal Protection Clause, in and of itself, did not offer defendants fair warning that their treatment of plaintiff was unconstitutional.

[11/13] Hawknet, Ltd. v. Overseas Shipping Agencies
In an appeal from the district court's order vacating the attachment of an electronic funds transfer (EFT), the order is affirmed and the case is remanded for an order to show cause why the action should not be dismissed for lack of personal jurisdiction where: 1) the rule announced recently in Shipping Corp. of India Ltd. v. Jaldhi Overseas Pte Ltd., __ F.3d __, No.08-3477, 2009 WL 3319675 (2d Cir. Oct. 16, 2009), applies retroactively; and 2) a party's failure to assert an argument prior to the announcement of a decision which might support it does not constitute waiver.

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Business Organization and Transactions

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