Super Lawyers
The top Attorneys in Virginia and
the Washington, D.C. metropolitan
area, only 5% of the attorneys
in the state are named in SuperLawyers
ATA NBTA | The National Board of Trial Advocacy Association of Trial Lawyers of America Virginia Trial Lawyers Association

September 2013 Archives

Do board members also have a "duty of imagination"?

It takes mature responsibility to run a business in Virginia. A company's board of directors is not only charged with building value, but also has fiduciary duties to the company's shareholders. Recent federal legislation has added to those fiduciary obligations. The Sarbanes-Oxley Act requires the board of directors of public companies to take responsibility for financial reporting and audits. The subsequent enactment of the Dodd-Frank Act in 2010 placed additional requirements on the boards of financial institutions.

West Virginia gaming group to merge with Eldorado Resorts

Virginia gamers may find interesting the news that the parent company of Mountaineer Casino, Racetrack and Resort has agreed to a merger with Eldorado Resorts. The transaction between Eldorado Resorts and MTR Gaming Group is the latest of the seemingly continual mergers and acquisitions in the gaming industry. The merger is expected to close in mid-2014, with the current head of Eldorado becoming the chief executive officer of the new combined company. The deal will have to meet regulatory and closing conditions and be approved by shareholders.

Ford's court victory reverses $2 billion lower court ruling

Some members of the Virginia business community are taking note of a recent decision in favor of Ford Motor Company that was handed down by an Ohio appellate court. The appeals case resulted from lawsuits filed by several Ford dealerships charging the automaker with breach of contract for engaging in discount practices that they claim violated their dealer agreement.

DISCLAIMER: This website is designed to provide only general information; nothing contained herein constitutes legal advice nor is it an offer of legal representation. Use of this website is not intended in any way to create or convey the impression that such use of the website by any person, organization, or entity of any nature and/or kind constitutes any attorney-client relationship whatsoever and any information provided in this website shall not constitute legal advice. The use of any electronic communication available through this website with the Law Office of Richard L. Downey or any person associated with this website shall not constitute attorney-client relationship nor will any communication received by the Law Office of Richard L. Downey constitute an attorney-client communication. The Law Office of Richard L. Downey cannot make any guarantees as to the accuracy or currency of any information contained in or created in this website or the use of any link to another website contained in this website. The information that you obtain at this website is not, nor is it intended to be legal advice. You should consult a lawyer for individual advice concerning your own particular situation.

*The National Board of Trial Advocacy is accredited by the American Bar Association. Currently there is no procedure in the Commonwealth of Virginia for approving certifying organizations.