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Friday Factoid 5.30.14
This content has been archived. It may no longer be relevantMusic production companies and movie studios recently sued Megaupload and its key operators on claims Megaupload facilitated and promoted access to pirated copyright protected content. Megaupload was one of the largest digital file-sharing websites before U.S. regulators shut down the site in 2012. The suits…
Compensation and Compliance Matters: It’s What You Don’t Hear About the CFPB that Can Hurt You
In a statement released by the Consumer Financial Protection Bureau last week, the agency announced that it had issued over $70 million in fines to non-bank entities, including mortgage companies, all of which have been through private settlement agreements. While the agency did not specify which particular mortgage lending practices had precipitated the fines, the…
Can You Receive Child Support and Alimony if an Ex Files for Bankruptcy?
Question: I’m divorced and my ex just filed for bankruptcy, but he/she is behind in child support and alimony. Am I out of luck? Answer: No, you are not out of luck. Alimony and child support are non-dischargeable under any chapter of the Bankruptcy Code. Section 523(a)(5) of the Bankruptcy Code provides that “domestic support…
Offit Kurman Attorneys represent Poker Players in Suit against Borgata
Offit Kurman attorney is representing six poker players in their lawsuit against the popular Borgata Hotel Casino & Spa in Atlantic City, New Jersey. The case is Haughton et al. v. Marina District Development Co. LLC, case number L-1845-14, in the Superior Court of the State of New Jersey, County of Atlantic. Haughton et al. v….
Offit Kurman Represents Broadcasting Group in Copyright Suit
Offit Kurman has been selected as counsel for WTGD, WQPO, WJDV, and their broadcast ownership group, in a suit against digital performance rights organization SoundExchange, Inc. Offit Kurman is counsel of record in the suit, alongside David Butler, Bryan Killian and Stephanie Schuster, of Bingham McCutchen, LLP. The broadcasting group seeks a declaratory judgment from…
Business Law and Transactions Attorney on LLCs
Offit Kurman business law and transactions attorney Michael Mercurio was a recent guest on AHA Business Radio on Baltimore’s WJZ AM 1300, CBS Radio. During his appearance on the show, Mercurio discussed business entities from sole proprietorships to C corporations and S corporations including LLCs. Business Law and Transactions Attorney on LLCs “So, LLCs or…
The Weekly Scenario: Maryland Estate Tax Changes
Question: What changes did the new legislation make to the Maryland estate tax under the new law that passed the other week? Answer: Just to take you back, before the new law went into effect, a Maryland taxable estate that exceeded $1,000,000 would have owed Maryland estate tax. There was no portability and each spouse…
Michael Mercurio’s Read|Delete: Memorial Day Facts For Arlington National Cemetery
Today we honor those who lost their lives in service to this country. This day of remembrance was first celebrated at Arlington National Cemetery on May 30, 1868 and was first named Decoration Day. Arlington National Cemetery in Washington, D.C. by the numbers: 1,196,793 total war casualties over, 300,000 of which are buried at Arlington National Cemetery 28 burials…
The Dreaded Bankruptcy Preference Demand: DON’T THROW IN THE TOWEL
Many of my business clients have been unlucky enough to not only be owed substantial money by a bankrupt company, but to also then receive a letter or lawsuit demanding the return of money paid by the bankrupt company to the client. This is known as a preference demand or preferential avoidance action. The receipt…
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