Recent Articles

Facebook S-1

Brian Gordon

March 13, 2012 18:29

A lengthy analyis of the Facebook registration statement (and what the SEC might be thinking) from colleague Andrew Ledbetter is available here.  

Atlanta: Future Metropolis!

Brian Gordon

March 02, 2012 19:06

Atlanta has ranked extremely high (perhaps higher than expected) in Zipcar's future metropolis study, which "recognizes cities that demonstrate smart urban planning and policy making".  Like all indices, there is some bias here - the categories are those in alignment with Zipcar's mission....

Georgia State Senate Approves Alternative Investments

Brian Gordon

March 01, 2012 21:31

On February 23, the Georgia state Senate approved a bill authorizing state pension funds (other than the state's largest) to invest up to 5% in alternative investment classes.  Virtually every other state allows such investments.  The bill must still be approved by the Georgia House and...

Material Adverse Effect - Found!

Brian Gordon

February 10, 2012 18:25

M&A lawyers (including me) have spilled an enormous amount of ink regarding what constitutes a material adverse effect, or material adverse change (a "MAE" or "MAC") and various inclusions, exclusions, etc.  The existence of a MAC often allows the termination (or renegotiation to avoid...

Costly Employment Law Mistakes Startups Should Avoid - Part II

Brian Gordon

February 07, 2012 20:42

Courtesy of our colleagues Merrili Escue and Nancy Kawano.  In part two of our post, we provide additional crucial tips on how to avoid costly mistakes through proper documentation and record keeping before, during and after the employment relationship that can prevent or lessen the potential...

Costly Employment Law Mistakes Startups Should Avoid - Part I

Brian Gordon

February 06, 2012 18:53

Startup enterprises often cut corners to reduce liabilities to employees.  Some corners should not be cut, however.  Courtesy of our colleagues Merrili Escue and Nancy Kawano, below is the first part of a two-part overview, discussing two key mistakes: deferring wages (or...

Startup Legislative Agenda 2012

Brian Gordon

February 01, 2012 18:36

On Tuesday (the first anniversary of Startup America), President Obama sent a legislative agenda to Congress (press release attached here). The agenda contains four small business tax breaks: The 0% capital gain rate on QSBS investments (described here) would be made permanent; A new tax credit in...

Default LLC Fiduciary Duties in Delaware

Brian Gordon

February 01, 2012 15:02

In an important opinion that will impact the drafting of Delaware LLC agreements, the Chancery Court held that an LLC manager owes default fiduciary duties of care and loyalty to minority members unless such duties are specifically modified or eliminated by agreement.  The decision -- Auriga...

The Exit Market in 2011 - Dow Jones VentureSource Results

Brian Gordon

January 03, 2012 20:25

Happy New Year!  One of my resolutions is to increase the number of posts-- stay tuned in 2012 for posts every Monday (this week Tuesday because of the holiday) and Thursday.  As we begin 2012, we can look back on 2011 as a mixed bag for exits.  Per today's Dow Jones VentureSource...

DLA Piper Blog Award

Brian Gordon

November 08, 2011 17:36

Congratulations to our Seattle colleagues at The Venture Alley for winning LexisNexis best business law blog in 2011.