Available in only half of the jurisdictions in this country, the nonjudicial power of sale foreclosure is the most used form of real property foreclosure in Georgia. Power of sale foreclosure permits termination of a borrower’s interests in property upon notice of default and pending foreclosure to the borrower, and sale of the property on [...]
As a further update to the NLRB posting rule discussed at length in this blog, on April 17th, an emergency motion for injunction pending appeal was granted by United States Court of Appeals for the District of Columbia. Essentially, this means that the posting rule will not go in effect at the end of April. [...]
I recently completed a complex multi-party 40 Million merger transaction. This experience reaffirmed a fundamental point in all commercial transactions: “Show Me the Money!” In any commercial transaction from a simple lease to a complex merger, the parties are essentially doing the same thing: documenting how money or other valuable property changes hands between a [...]
On August 25, 2011 the National Labor Relations Board (NLRB) issued a final rule called “Notification of Employee Rights under the National Labor Relations Act”. The rule was to be effective 75 days from publication, putting the effective date as either November 9, 2011 or November 14, 2011 (the NLRB put out a press release [...]
Commercial borrowers and guarantors of troubled loans are facing a new wave of hurdles as the purchasers of failed banks and purchasers of FDIC held loan portfolios RUSH to liquidate troubled loans. The FDIC has induced purchasers to acquire troubled loans and troubled banks by entering into loss share agreements where the FDIC effectively guarantees [...]
Fantastic Sams’ Restrictive Covenant Struck Down by Federal Court. Overreaching by a franchisor can have a price. Haircutting franchisor Fantastic Sams learned this lesson the hard way last month. Judge Clay Land of the United States District Court for the Middle District of Georgia entered summary judgment in favor of WJR clients Maxie Enterprises, Inc. [...]
A recent tax court decision highlights the dangers associated with not adequately addressing purchase price allocation in an asset purchase agreement. In the 1990’s Peco Foods, Inc. acquired through asset purchase agreements two poultry process plants. In each agreement Peco Foods memorialized the asset allocation among various assets. A few years later, they performed a cost [...]
The Georgia Supreme Court recently settled the Atlantic Station condo litigation. The opinion can be summed up with the following sentence: The broker’s promises mean nothing once you sign a written contract. In that case, a buyer purchased a condo at Atlantic Station based on the broker telling the purchaser they would have great views [...]
Properly developing and transferring intellectual property are among common mistakes entrepreneurs make. Malcolm Out Loud sat down with WJR’s Justin Daniels, trusted adviser to Accelerator Works to discuss these issues and more.
Wagner Johnson Rosenthal’s Justin Daniels was interviewed for the Internet TV show Malcom Out Loud. They discussed how business managers can choose a good lawyer and how the investment of extra dollars today saves money in the long term. Justin and Malcolm also discussed the problems that are created when people use Legal Zoom or [...]
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