Dinn, Hochman & Potter, LLC
TF: 800-233-4079
L: 440-681-8005

April 2014 Archives

Honda supplier to pay $19.9 million fine for price-fixing

Ohio consumers count on fair competition to ensure that they are getting the best prices for their products and services. Unfortunately, some companies behave unethically, which ultimately hurts consumers. Thankfully, in the long run, these unfair practices are uncovered, and through business litigation the companies are held responsible for their actions.

Texas publication sues New York Times for breach of contract

Ohio companies and individuals can face many situations that require the creation of formal contracts. Real estate contracts for the purchase of a home, construction management contracts for the development of a new structure or project, sale contracts for purchases and other business contracts are a regular part of life in our society. Most of the time, such agreements are honored and followed through without issue. Other times, however, problems can arise.

Do things right the first time when starting up a business

Starting a business, as some of our readers know, requires careful planning and completing the necessary legwork. And while it may be relatively easy to actually establish a business entity, it is so important to get it right the first time, particularly with regard to business structure. The way the business is structured affects numerous aspects of its operation, including taxes, how disputes are handled among shareholders and owners’ liability for business liabilities.

Ohio mayor seeks alternatives to hospital outside ownership

The mayor of Akron has called for the merger of his city's two main hospitals, Akron General Medical Center and Summa Akron City Hospital, in a measure he feels would hold off the need for outside ownership of the facilities and eliminate the duplication of costs. Don Plusquellic made his plea during his State of the City address.

Ohio businesses, be careful with non-disclosure agreements

Many businesses routinely use confidentiality agreements and non-disclosure agreements to protect intellectual property. Depending on the circumstances, though, such agreements may prove to be ineffective, as demonstrated by a recent federal district court case. After signing a confidentiality and non-disclosure covenant, a recipient of confidential information created and sold a product similar to the one created by the disclosing party. After terminating the relationship a few months later, the recipient continued to sell the product, which resulted in the business litigation.

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Cleveland, OH 44124

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