Court Blocks Investor’s Use of ‘Golden Shares’ to Prevent Bankruptcy Filing
In football, proper blocking helps a team control the line of scrimmage. Because a bankruptcy filing can shift the power away from an investor to the financially distressed company, investors often have sought to “control the line of scrimmage” and block companies in which they have invested from...
What Restructuring Professionals Need to Know About the California Consumer Privacy Act
Every internet search, click, view, purchase, message, download, and delete creates a digital trail that companies can use to deduce individual consumers’ interests, habits, and preferences. This data forms the backbone of the information economy, facilitating targeted advertising and messaging on...
Protecting Exclusive Distribution Rights for Patented Products and Other Licensed IP
The ability of companies to continue as going concerns has become more challenging than ever. As companies pivot and move forward with product production and sales, they must consider not only their financial viability but the financial viability of their customers, suppliers, and licensors. For...
Harnessing Massive Data to Track  Money Movement,  Uncover Fraud
In white collar fraud and bankruptcy cases, attorneys, bankers, and forensic accountants identify bank and financial records, issue subpoenas, and pore over the data to trace financial transactions from their source to their destination. The central theme is, what happened to the money? Where did...
Information Security and Privacy Best Practices in the Age of Pandemic
The COVID-19 pandemic has changed, perhaps permanently, how and where employees get their work done. A majority of the U.S. workforce is currently working remotely, and in the last several weeks corporate giants such as Google, Twitter, and Facebook have announced that some employees will be...
When a Crisis Strikes, a Board Must Be  Up to the Job
When a company is in a crisis, it needs to make sure it has a board that can meet the task. Some crises develop over time due to shifting markets, deteriorating profitability, or lack of access to capital. As is happening today, the other form of crisis can be characterized as a “Grey Rhino” event...
Global Pandemic Is Surprise Addition to Restaurant’s Turnaround Menu
By the spring of 2020, Red, the Steakhouse, in Miami Beach was thriving, poised to capitalize on its success and further expand its brand. With a prime location in the city’s fashionable South of Fifth (SoFi) neighborhood, the restaurant boasted a 198-seat main dining room; a 16-person, glass-...
COVID-19 Crisis Adds to Czech Automotive Industry Woes
The COVID-19 pandemic hit the world unexpectedly and caused what is expected to be one of the biggest global economic crises in history. One of the hardest hit branches is the automotive industry, a crucial sector for many national economies, including the Czech Republic, a small country of 10.6...
Game Planning to Navigate the COVID-19 Crisis
The economic impact of the COVID-19 crisis has placed everyone in uncharted waters. Conversations with senior management have shifted from acquisitions, turnarounds, and hypergrowth scenarios to the consequences of shelter-in-place orders and their impact on businesses. Obviously, the impact varies...
Surviving the Pandemic: Stress and Distress in the Hospitality Industry
The coronavirus outbreak has impacted the hospitality industry disproportionally more than other industries. For many companies, revenues have fallen off the cliff. Further, the uncertainty and likely overhang of disruption caused by pandemic in the hospitality industry will continue for the...