This session was moderated by Michael L. Blau, Foley Emerging Technologies and Private Equity & Venture Capital Partner; panelists were Peter F. Cornetta of HIG Capital LLC, Murray M. Beach of Boston Corporate Finance, Inc., and Brad Burkett of Navigant Consulting. The panel discusses the relevance of letters of intent in both domestic and international markets. Other issues addressed include proper preparation, effective negotiations, due diligence, exclusivity, securing outside advisors, navigating data rooms, and the context of letters of intent in the current market.
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05 December 2024
Consumer Class Defense Counsel
Sixth Circuit: Reliance Can Bar Class Certification Even if Not Express Element of Consumer Statutory Claim
Courts routinely refuse to certify consumer class actions under Federal Rule of Civil Procedure 23(b)(3) based on the need for an individualized showing of the reliance element of a fraud or deceptive trade practices claim.
05 December 2024
Consumer Class Defense Counsel
Office of the Comptroller of the Currency Updates “Unfair or Deceptive Acts or Practices and Unfair, Deceptive, or Abusive Acts or Practices” Booklet
Financial institutions that are regulated and supervised by the Office of the Comptroller of the Currency (OCC) should know that the OCC has recently updated its booklet on Unfair or Deceptive Acts or Practices (UDAP) and Unfair, Deceptive, or Abusive Acts or Practices.
05 December 2024
Foley Viewpoints
New Requirements for Franchise Brokers in California
On September 24, 2024, Governor Gavin Newsom signed Senate Bill 919, amending California’s Franchise Investment Law to regulate franchise brokers and franchise sales organizations.