Monthly Archives: September 2011

M&A: Real Estate Transfer Taxes in a Sale of a “Controlling Interest” of a Company

This may be surprising to some, if not counter-intuitive, but sixteen states impose a real estate transfer tax when a controlling interest in a legal entity is transferred.  See the table below.   The real estate transfer tax triggered by these … Continue reading

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Using Background and Credit Checks when Hiring: Tread Carefully

Companies often use criminal background checks and credit checks when considering an individual for employment.  This practice should be used with caution.  The Equal Employment Opportunity Commission considers it illegal to make an employment decision based on a person’s criminal … Continue reading

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Private Placements: New Source of Liability for Intermediaries (and Directors?)

New Sections 9(a)(4) and 9(f) of the Securities Exchange Act of 1934 were added by the Dodd-Frank Wall Street Reform and Consumer Protection Act.  Although little noticed thus far, these two provisions could soon become very common in lawsuits relating to … Continue reading

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