Court Allows Note Holders to Sue Officers and Directors for Securities Violations
Complaint is sufficient if it gives defendants notice; It need not plead specific facts or knowledge
Even Though Beneficiaries Agree
Attorney General opposes proposal to distribute all assets outright to charitable beneficiaries
Insurance Carrier Must Pay Legal Fees When It Fails to Provide Defense Under Policy
Court grants summary judgment to school to recover costs of defense before carrier appoints counsel
Challengers Fail To Stop Sale of Audubon Folio
Members presented no evidence that bylaw changes expanding membership voting were not properly approved
Ready Reference Page
Grantmakers May Not Support Terrorism
Welter of new and revised rules make it difficult to know how to comply with governmental expectations
Kramer to talk on Lobbying, Tax Returns
Thursday with the Editor, September 1
To the Point
I understand that a foundation cannot make a grant to a nonprofit, where the grant is more than half of the agency's budget. For example, if a nonprofit's annual operating budget is $100,000, a foundation cannot make a grant of $51,000, the theory being that it may be able to exert undue influence and "tip" the agency to do the foundation's bidding. Is this true?
Lessons from Litigation
- Who are the victims? And for how much?
- Articles of incorporation are contract with nonprofit shareholders
- Museum Foundation is private nonprofit
- Remote housing units not exempt
- Court invalidates covenant not to compete
- signed by home health agency field workers
Say That Again?