California social media users who have been following the shareholder lawsuit against Facebook may have heard that its dismissal was recently upheld on appeal. The 3-0 decision was handed down on July 24 by the U.S. Court of Appeals for the 2nd Circuit, affirming the...
Long Beach Business & Commercial Law Blog
Activist investor urges Macy’s to form REIT
California investors may have read recently about national retail and restaurant chains forming real estate investment trusts to generate income from their commercial real estate portfolios. The hedge fund Starboard Value has been a strong advocate of the strategy,...
AutoNation and TrueCar ending relationship
California car buyers might benefit from understanding more about AutoNation Inc.'s decision to sever its relationship with TrueCar. The change results from a dispute over TrueCar's request that AutoNation share customer data for all of its transactions, not just the...
Trends in commercial real estate
Real estate investors in California may be interested to learn about the topics that were discussed at the National Association of Real Estate Editors conference that was recently held in Miami. During the weeklong conference, housing economists and other industry...
The legality of international contracts
Courts in California will only enforce contracts that are valid and legal. A contract may be considered invalid in cases involving misrepresentation or coercion, and an agreement is deemed illegal if it calls for the sale of illegal goods or requires an illegal act to...
Olive Garden parent uses REIT to pay down debt
Dining establishments operated by Darden Restaurants are a familiar sight in California, and the Orlando-based company has built a valuable real estate portfolio including its Olive Garden, Longhorn Steakhouse and Bahama Breeze locations. The company announced on June...
ADP cuts off access to Zenefits clients over security issues
Many California businesses rely on payroll and accounting services provided by ADP. The information gathered to provide these services is often sensitive, and the use of this data has led to a dispute between ADP and the startup human resources company Zenefits. The...
Forum selection clauses in California
Many contracts include clauses that specify which state's laws will be used to resolve any disputes between the parties and names the courts that will hear such disputes. These clauses, which are known as forum selection and choice of law clauses, have generally been...
Commercial real estate investments in California
Many California residents may want to invest in commercial real estate but believe they do not have the means to do so. There are ways in which people can invest in the real estate market without actually having to purchase the property itself. Down payments for...
Lawsuit claims Uber founder stole app idea
A California businessman has filed a lawsuit against Uber Technologies Inc. claiming that he had the idea for the technology that the transportation network company uses. The entrepreneur alleges in his lawsuit that he came up with the idea in 2002, and he says that...
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BACKED BY MORE THAN 40 YEARS OF LEGAL EXPERIENCE, MR. HENRY B. LaTORRACA IS HIGHLY RESPECTED FOR HIS AGGRESSIVE REPRESENTATION.
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