Pless & Sauro, PC

404-885-5223

Counseling Local, National, and International Businesses For Over 30 Years
Insightful. Accessible. Prompt.

  • Home
  • About Us
  • Practice Areas
  • Attorneys and Staff
    • Laurance D. Pless
    • Robert A. Sauro
    • Susan DuPre Midis
  • Blog
  • Contact Us
  • January 18, 2021

Archives for December 2014

December 16, 2014 by Larry Pless

Entity Liability Insulation – A Rugged, Eloquent Voice From 1929 – Behind the “Corporate Veil”

  Many of my friends know that the late Justice William O. Douglas, a rugged outdoorsman, rail hobo, eloquent author, world traveler, environmental activist, FDR’s poker buddy, and brilliant jurist, is one of my heroes. His iconic autobiography, Go East Young Man, rests on my office shelf. So I was delighted when I discovered that he had written the words excerpted below, which remain Georgia’s black letter law on the subject, in 1929 as a Professor in a Yale Law Journal article titled “Insulation from Liability Through Subsidiary ... Read More »

Filed Under: News, Things You Should Know, Uncategorized

December 11, 2014 by Larry Pless

Georgia Noncompetes — Five Eleven Eleven! — Why May 11, 2011 Matters — Lowe Electric Supply Co., et. al, v. Rexel, Inc., et. al (Middle District of Georgia, November 2014) and Cone v. Marietta Recycling Corp. (Fulton County Superior Court, March 2013)

Introduction Georgia’s new Restrictive Covenant Act became effective May 11, 2011. On that day, Georgia swung abruptly from being one of the least friendly states for noncompete enforcement, to a much more flexible stance toward them.  A key feature of the new Act is its express authority for courts to modify covenants as necessary to become enforceable. But a recent federal trial decision in Macon, and a 2013 Fulton County case, raise a red flag. Both cases remind us that if there is any question at all about enforceability of pre-Act ... Read More »

Filed Under: News, Noncompetes

December 4, 2014 by Larry Pless

Not What But How—FDIC v Loudermilk, Georgia Supreme Court (July 2014)—Business Judgment Rule Case

Introduction: If you are a director of officer of a Georgia corporation, you should know about the recent Georgia Supreme Court case of FDIC v. Loudermilk. The Case: Like so many banks, Buckhead Bank failed in the Great Recession. The FDIC as receiver sued 9 former officers and directors, some of them well known in Atlanta, for approving $22 million in loans that later soured. The case came to the Supreme Court as a certified question from a federal court. The court overruled two Georgia Court of Appeals cases in clarifying the limits ... Read More »

Filed Under: News

December 1, 2014 by Larry Pless

Georgia Noncompetes – A New Era

Georgia Noncompetes – A New Era

For decades, Georgia was infamous among the harshest states nationally in enforcement of post-employment noncompetes. All of that changed abruptly effective May 11, 2011. With the passage of HB 30 [ O.C.G.A. §13-8-50 et seq. ] effective on that date, a new and softer era of Georgia noncompetes began. The result is a bright line divide in enforcement of restrictive covenants, between those signed before May 11, 2011 [2. Debate continues as to the new law’s effect on noncompetes signed after November 3, 2010 before May 11, 2011, with the ... Read More »

Filed Under: Noncompetes

Search This Site

Categories

  • Business Split-Ups
  • Buying a Business
  • Copyright Law
  • Corporate Dissolution
  • Intellectual Property Law
  • News
  • Noncompetes
  • Selling a Business
  • Things Every Businessperson Should Know Before Buying or Selling a Business
  • Things You Should Know
  • Uncategorized

Recent Posts

Appearance on Business RadioX

PLESS ATTENDS CEREMONY COMMEMORATING MCDOWELL COUNTY’S 175TH BIRTHDAY

STARTING A BUSINESS

Disclaimer: The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for advice regarding your individual situation. We invite you to contact us and welcome your calls and electronic mail. Contacting us does not create an attorney-client relationship, however, which relationship will not be formed unless and until there is an engagement letter signed by us and the client. Please do not send any confidential information to us until such time as an attorney-client relationship has been established.

Pless & Sauro, PC

Five Concourse Parkway, Suite 3200
Atlanta, GA 30328-7104

404-885-5223

Google Map »

  • Privacy Policy
  • Contact Us
  • Site Map

©2021 Pless & Sauro, PC

Web Design by Sangfroid Web Design