USA - September 28 2012 New Jersey Governor Christie signed into law a Revised Uniform Limited Liability Company Act on September 21.
USA - February 8 2011 In a recent 3rd Circuit decision, the court held that an asset purchaser may be liable for a seller's delinquent employee benefit fund contributions where (1) the purchaser had notice of the liability prior to the sale and (2) there exists sufficient continuity of operations between the purchaser and the seller.
USA - December 15 2010 A motion to dismiss an SEC enforcement action was denied recently by the District Court of Nebraska in SEC v. Das.
USA - November 2 2010 On October 21, 2010, the SEC announced enforcement actions brought against Office Depot, Inc. and two executives for alleged violations of SEC fair disclosure rules.
USA - May 10 2010 On April 12, 2010, DynCorp International, Inc., announced its purchase by Cerberus Capital Management, LP, in a transaction valued at $1.5 billion, which includes the assumption of debt.