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legal

Epic antitrust fight looms for AT&T’s $85B Time Warner deal

The Justice Department is suing AT&T to stop its $85 billion purchase of Time Warner, setting the stage for an epic legal battle with the telecom giant. It could also create a new headache for President Donald Trump, whose public statements have raised suspicions that he might have interfered with the department’s decision, potentially undermining its legal case. DOJ’s antitrust chief, Makan Delrahim, has said the president did not tell him what to do. White House spokeswoman Sarah Huckabee Sanders said Monday she wasn’t aware of any specific action related to the case taken by the White House. In...

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Venture capitalists want changes in Senate tax bill

Senate Republicans need to do more work on their proposed tax legislation to better support entrepreneurs, says the National Venture Capital Association. The NVCA has spoken positively about the House version. “Senate Republicans have taken an important first step to modernize the code with the introduction of their tax reform legislation, and we are encouraged to see the preservation of some important priorities for the entrepreneurial ecosystem,” said Bobby Franklin, CEO of NVCA, in a statement on Friday. “However, we are concerned some aspects of the draft legislation would cause great harm to the ecosystem, including language related to...

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Will Investors Want to Control My Startup?

Lately I’ve heard several entrepreneurs express concerns about investor rights, board seats and other terms that are typical in investment agreements. I’ve even heard a speaker warn entrepreneurs at a startup event not to allow early stage investors any representation on their board because they, “Should not have to give up control of their venture.” This seemed like a good time to set the record straight about proper startup governances and oversight for early-stage companies. Despite the occasional angel investor who thinks putting a little money into your venture gives him or her management decision-making authority, professional fund managers...

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Reviewing EPA’s cleanup liability standards in land deals

Editor’s Note: Amy P. Wang is a member of the Agribusiness, Construction, Environmental, Litigation, Real Estate Development, and Zoning and Land Use Planning Practice Groups at Ward and Smith, P.A. In August 2013, the Environmental Protection Agency (“EPA”) issued – and then retracted – a rule adopting a new standard published by the American Society for Testing Materials (“ASTM”) for parties purchasing real estate to be eligible for certain landowner liability protections under the federal Comprehensive Environmental Response, Compensation, and Liability Act (“CERCLA”). On December 30, 2013, the EPA finally accepted the new standard, ASTM E1527-13, as an alternative...

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