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DIVIDENDS
BUSINESS INFORMATION FOR CLIENTS AND FRIENDS OF
 SHUMAKER, LOOP & KENDRICK, LLP
Volume 7, Number 1

Letter of Intent:  Gateway to a Deal

By:  Jack Santaniello and Phil Chubb 

 

Your time is valuable.  So is the business that you are thinking about selling or the business you intend to acquire.  You may also be thinking that before running up professional advisor costs, your business folks should be able to put together a non-binding letter of intent ("LOI") and then turn it over to legal counsel and other advisors.

  

 

Phil Chubb is a partner in the corporate practice group

in the firm's Charlotte office.

 

Jack Santaniello is a partner in the corporate, franchising,

and intellectual property practice groups in the

firm's Charlotte office.
  

 ________________________ 

 

 

Not Your Father's Arbitration

By:  Peter Silverman

 

The oft-spoken criticism of arbitration is that it's just as slow and expensive as litigation.  The major arbitration providers -- AAA, JAMS, and CPR - have heard this criticism clearly, and have responded by training arbitrators the last few years to promote speed and economy.  (The AAA also just released revised rules aimed at speed and economy).

 

>Read More 

 

Peter Silverman is a partner in the litigation

practice group in the firm's Toledo office.  
 

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Emerging Trends in NCAA Coaches' Contracts

By:  Matt Kelly

 

As the NCAA football season moves into bowl season and basketball begins, December is one of the most exciting times of the year for intercollegiate athletics.  From sold out stadiums and arenas to crowded sports bars, the enormous popularity of collegiate athletics is undeniable. Due to this commercial popularity, the once "amateur" world of college sports has seen tremendous growth and evolved into big business. 

 

>Read More 

 

Matt Kelly is an associate in the sports and entertainment practice group in the firm's Charlotte office.

 

________________________ 

 

Santaniello
Joseph (Jack) Santaniello
First Citizens Bank Building
128 S. Tryon Street, Suite 1800
Charlotte, NC 28202-5013
Telephone: 704.375.0057,
 Ext. 2141
Fax:  704.332.1197
View my profile on LinkedIn

 

JACK'S PRACTICE AREAS

Social Media and Digital Assets in 

M&A Transactions

By:  Regina Joseph 

 

Wait!  Don't skip this article thinking that social media doesn't affect you.  Social media has invaded our lives, with only a Rip Van Winkle being immune (maybe).  Some may scoff and others may cringe.  The well initiated may laugh that the social media landscape, like its progeny "Big Data," is changing too rapidly to provide definitive advice--true, but we still have to deal with this powerful medium as it currently stands.

             

>Read More

Regina Joseph is a partner in the corporate practice group
 in the firm's Toledo office.

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Navigating Foreclosure in States with
"One-Action Rules"
By:  Josh Hayes

 

Late last year, the New York Supreme Court decided 172 Madison (NY) LLC v. NMP Grp., LLC, in which it examined New York's one-action rule, a complex and often misunderstood rule that can have huge implications for lenders providing or servicing loans secured by real property in jurisdictions that have such rules, such as New York and California.  This article provides background on the one-action rule and other anti-deficiency statutes  before analyzing the holding in 172 Madison.  It then examines the rule's application in other jurisdictions, and provides some practical tips for lenders that operate in one action rule States.

>Read More

Josh Hayes is an associate in the corporate practice group
 in the firm's Charlotte office.

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SELECTED ARCHIVE ARTICLES
The contents of this Dividends newsletter are offered as general information only and are not intended for use as legal advice on specific matters.  IRS Circular 230 Notice: We are required to advise you no person or entity may use any tax advice in this communication or any attachment to (i) avoid any penalty under federal tax law or (ii) promote, market or recommend any purchase, investment or other action.
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