News
[09/03]
Goldcorp to buy Andean Resources for $3.42 billion
[09/03]
Critics: Ill. lottery contract cloaked in secrecy
[09/03]
Campbell Soup sees Q4 profit rise
[09/03]
Feds launch investigation of Gulf platform fire
[09/03]
World stocks rise ahead of US employment report
[09/03]
Service sector grows at slower pace in Aug
[09/03]
BP says cost of Gulf of Mexico spill hits $8B
[09/03]
Swedish bank Carnegie buys troubled competitor
[09/03]
Latest Gulf oil rig problem differs from BP spill
[09/03]
World stocks up ahead of key US jobs data
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Articles
Venture Capital
The most frequent source of capital for small companies is owner capital investment and cash generated from operations. Often, however, these sources are insufficient to finance equipment purchases or business growth. Small businesses must then consider seeking venture capital from a commercial bank.
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Will a merger or acquisition help the business?
Up-and-coming businesses may be looking for more cash to develop new products and ideas. Small-business owners may be looking to profit by selling their enterprise. Established companies may be looking to gain entry into a growing market to reach new customers. Large corporations may prefer to obtain a steady and consistent supply of parts by bringing a supplier inside. Medium-sized companies may want to leverage their business by merging together.
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Case Summaries
[09/03]
Flying J, Inc. v. Hollen In plaintiff's facial challenge to Wisconsin's gasoline pricing regulations, district court's grant of plaintiff's motion for summary judgment is reversed and remanded and a permanent injunction against enforcing provisions of the regulations is dissolved as the lack of evidence in the record supporting plaintiff's allegations of collusive conduct by gasoline dealers is fatal to its claim that the motor vehicle fuel provisions of the Unfair Sales Act are preempted by the Sherman Act as it cannot be found on the face of the statute any compelled or authorized conduct that constitutes a violation of federal antitrust law.
[09/03]
Superior Seafoods, Inc. v. Tyson Foods, Inc. District court's denial of plaintiff's Rule 60(d)(3) motion to vacate an underlying consent judgment involving a series of trademark-related actions stemming from plaintiff's sale of a seafood-products business to defendant is affirmed as, given the facts, and given the equitable requirement that the party seeking relief be free from negligence and fault, the district court clearly did not abuse its discretion in finding equitable relief inappropriate in this case.
[09/03]
Songer v. Dillon Resources, Inc. In an action brought by truck drivers who operate commercial trucks against defendants for unpaid overtime under the Fair Labor Standards Act (FLSA), summary judgment for defendants and dismissal of plaintiffs' claims with prejudice is affirmed where the Motor Carrier Act exemption applies to bar plaintiffs' claims as: 1) the MCA applies to defendant-staff leasing agency because is a joint employer with the two companies, both of whom are subject to the exemption, and 2) plaintiffs engaged in activities that directly affect operational safety of motor vehicles in transport of property in interstate commerce.
[09/03]
Fed. Trade Comm'n v. Leshin In the Federal Trade Commission's suit against defendants for providing debt consolidation services in violation of the Federal Trade Commission Act and the Telemarketing and Consumer Fraud and Abuse Prevention Act, district court's judgment holding defendants in contempt for violating a stipulated injunction and ordering defendants to disgorge all fees collected in violation of the injunction is affirmed where: 1) district court did not abuse its discretion by holding the defendants in contempt; 2) district court did not err by holding the counseling center in contempt, by holding defendants individually liable, or by holding the contempt defendants jointly and severally liable; 3) district court did not abuse its discretion by ordering disgorgement as the sanction for contempt or in calculating the amount to be disgorged; 4) district court issued civil contempt sanctions and did not violate the contempt defendants' right to due process; and 5) the provision of the final order of disgorgement that allows the Commission to convert unpaid balance into a money judgment is not ripe for review.
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[09/03]
Superior Seafoods, Inc. v. Tyson Foods, Inc. District court's denial of plaintiff's Rule 60(d)(3) motion to vacate an underlying consent judgment involving a series of trademark-related actions stemming from plaintiff's sale of a seafood-products business to defendant is affirmed as, given the facts, and given the equitable requirement that the party seeking relief be free from negligence and fault, the district court clearly did not abuse its discretion in finding equitable relief inappropriate in this case.
[08/30]
Metavante Corp. v. Emigrant Savings Bank In plaintiff's suit for breach of contract against defendant-bank for nonpayment of fees under the parties' Technology Outsourcing Agreement, judgment of the district court is affirmed where: 1) an expert's testimony was both relevant and reliable; 2) district court correctly determined that plaintiff did not breach the Agreement's performance warranty and its duty of good faith; 3) district court did not err in concluding that any reliance by defendant on the alleged misrepresentations of plaintiff was not reasonable; 3) district court committed no reversible error in determining that defendant's fraud claims were without merit; 4) district court determined correctly that defendant's success on the in-house issue does not render it a "prevailing party" within the meaning of the contract; and 5) the district court acted within the bounds of its discretion in determining that no additional guarantee of reasonableness was required.
[08/30]
Flood v. ClearOne Communications, Inc. In defendant's appeal from a preliminary injunction requiring defendant-corporation to advance attorney fees and costs to its former CEO, who was then facing a criminal trial, the order is vacated where the district court misread the parties' contract as a matter of law, disregarding express conditions to advancement specified in their agreement.
[08/30]
HCM Healthcare, Inc. v. California Ins. Guarantee Ass'n In a residential nursing facility's suit against California Insurance Guarantee Association (CIGA) for breach of contract and for violating the Insurance Code for refusing to provide plaintiffs with defense counsel and indemnification for underlying lawsuits for elder abuse, judgment in favor of defendant is affirmed where: 1) as a creature of statute, and not of contract, in some instances CIGA may not be responsible for an insured loss to the same extent as the insolvent insurer might be under the terms of its insurance contract; and 2) Pennsylvania's liquidation order imposed a June 30, 2005 deadline for filing against an insurer and because plaintiff did not meet the deadline, CIGA may not honor their claims.
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