Dinn, Hochman & Potter, LLC

December 2017 Archives

Business planning often involves the decision to extend credit

Over time, each Ohio business must make decisions that affect its profitability. For many, one of these decisions is whether to extend credit. There are a number of factors to consider when making this business planning decision.

Employment contract disputes can become a business focus

Employment contracts can be written or implied. Regardless of which one the Ohio business chooses to use, it is imperative that the terms of the contract are fulfilled and that each employee is treated in an appropriate manner. If this is not the case, it is possible that employee contract disputes may become a primary focus of the business.

Court Holds FCRA Does Not Confer "Statutory Standing" by Benjamin Carnahan

The Tenth District Court of Appeals in Ohio affirmed a Court of Claims decision affirming dismissal of a putative class action against The Ohio State University ("OSU") under the Fair Credit Reporting Act ("FCRA"), 15 U.S.C. 1681, et seq. OSU moved to dismiss the complaint arguing that plaintiffs lacked standing because they alleged no injury-in-fact from the alleged FCRA violation. In response, Plaintiffs argued that Ohio law specifically recognizes standing even in the absence of an injury-in-fact when standing is conferred by statute, i.e. "statutory standing". The Court of Claims agreed with OSU and dismissed the claims. Plaintiffs appealed.

Financing an important part of business planning

Throughout Ohio, new businesses open their doors on a daily basis. These consist of new retail stores, technology companies, restaurants and a number of other enterprises. Prior to the business opening, entrepreneurs spend numerous hours and hard-earned dollars in preparation. These are both often important pieces of the business planning process and the ultimate success of the business.

Shareholder disputes can have a negative impact on a company

In order to operate, companies need funding. This funding can come from a variety of sources, including traditional bank loans and stock sales. The manner in which an Ohio company is funded often depends upon the type of company, the market in which it operates and the public's interest in the company. Many companies find it advantageous to open their company up to shareholders; however, such action also opens the door for possible shareholder disputes.

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Cleveland, OH 44124

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