Prudent Investing: Do You Know What The Company Does?
Investors fail to engage in elemental due diligence when they do not understand the underlying technology. This results in a superficial understanding of their investment materials, which unfortunately leads to them being taken advantage of. Likewise, they rely on the investment seeker’s professional services firms to act in an ethical manner throughout their engagements with […]
Delta v. Crowdstrike: Third Party Risk Management
The Blue Screen of Death. It scared everyone who saw it. Let’s just say CrowdStrike’s update to customers’ Microsoft systems did not go according to plan. CrowdStrike later explained the error was attributed to a logic flaw in its Falcon sensor configuration update. Put differently, CrowdStrike claims it was a failure in its development process […]
ICE Raid Basics
An executive order titled “Protecting the American People Against Invasion” has refocused immigration enforcement efforts and increased the likelihood of ICE raids on their projects. Attorney General Bondi issued policy guidance requiring U.S. Attorney’s Offices, ICE, and other federal agencies to investigate and prosecute immigration-related crimes, which extends to employers and contractors knowingly employing or […]
AI and Hiring: A Growing Minefield
A recent analysis published by MIT (Here) analyzed AI technologies that are used to screen and hire potential employees. The analysis found that improvements made using AI interviewer bots, resume screening software, and other platforms that rely on advanced language models are real but significant flaws remain that are problematic. This blog post points out […]
Real Estate LOI Basics
Real estate letters of intent (LOIs) set forth economic terms, provide a checklist of the basic substantive terms, and serve as the starting point for attorneys to draft the formal agreements. Put differently, LOIs are the preliminary understandings of parties who intend to enter into a contract in the future “if the deal works out.’” […]
Seidman Law Group Podcast Interview
We were recently featured in a podcast: Essential Legal Strategies For Business Owners With David Seidman. Here is the link: Zero To A Hundred – Episode 25 – Zero to a Hundred – Apple Podcasts Thank you to the very impressive Jarrod Guy Randolph. You can learn more about him here: Jarrod Guy Randolph David […]
Fraudulent Transfer Basics
Imagine a scenario where a debtor, facing mounting financial pressure, strategically transfers assets to avoid paying what is owed. The dissipation of resources to hinder creditors from collecting their debts is known as a fraudulent transfer. The Illinois Uniform Fraudulent Transfer Act (IUFTA) allows creditors to challenge transfers made by debtors with the intent to “disturb, […]
College-Level Scandal Is Sadly Effective
Remember all of the bars and restaurants named the “Library” or the “Bookstore” in college. You and your classmates would charge your fun to these places because you thought your parents would pay these charges without questioning them whatsoever. It turns out that these scams are also effective in the real world. Read this quote […]
Knows Your PIK Part 2
PIK Borrowers PIK interest loans benefit borrowers when they have significant growth potential but temporary cash constraints, need to conserve cash in periods of underperformance, or face a lack of equity funding or uncertain liquidity options. These types of borrowers are not serviced by traditional banks or ABL lenders. Borrowers seeking PIK interest loans in […]
Knows Your PIK Part I
Paid-In-Kind (PIK) interest features allow borrowers to add interest to the principal of a loan versus making cash payments. This is different than traditional interest payments where borrowers pay interest in cash at regular monthly or quarterly intervals. A growing number of private market loans are being structured or amended to include PIK interest in […]
