Popular California-based burger chain In-N-Out filed a lawsuit against DoorDash, a restaurant food delivery start-up founded in 2013.1 Unlike other restaurant delivery services like GrubHub and Seamless, DoorDash has its own drivers and delivery service in exchange of an additional fee, ranging from $2 to $7 depending on location.2 In-N-Out alleged that DoorDash infringed its…
Month: January 2016
Anti-Money Laundering in Crowdfunding: Update Pursuant to Final Rule
This blog post is written as an update to a Note previously published in the Michigan Business and Entrepreneurial Law Review on anti-money laundering (“AML”) regulation in crowdfunding.1 The Original Note analyzed proposed crowdfunding rules published on November 5, 2013 by the Securities and Exchange Commission (SEC).2 This update is based on the final rule,…
Regulation FD & Social Media: Part II – Risks
The years since the U.S. Securities and Exchange Commission introduced Regulation FD have been marked by remarkable developments in technology. Between 2000 and the present, investors have logged onto Facebook and Twitter, called-in trades on smartphones, and checked quotes on tablets. Publicly traded companies have embraced technology. Most corporate web sites include an investor relations…
A General Motors-Fiat Chrysler Merger? Maybe Not.
Despite attempts made earlier this year by Fiat Chrysler Automobiles (FCA) Chief Executive Officer (CEO) Sergio Marchionne, a merger with General Motors (GM) is highly unlikely. GM CEO Mary Barra rejected Marchionne’s calls for a mutual merger, and FCA is not planning a hostile takeover.1 Previously, Marchionne called for the two automobile manufacturers to merge,…
SENATE COMMITTEE SCRUTINIZES TAX EXEMPTIONS FOR PRIVATE MUSEUMS
The Senate Finance Committee has recently set its sights upon nearly a dozen private museums opened and operated by individual collectors located all over the United States. The committee has begun scrutinizing and putting to question whether the tax-exempt status the museums enjoy “provides sufficient public benefit to justify what amounts to a government subsidy.”1…