Investing in China? 4 Things You Need to Know About the Alibaba Lawsuit

Alibaba has been called many things, mostly by adoring employees and sympathetic politicians: China’s Google, the world’s best-run tech company, even “the future of the Internet.” (No one said Alibaba’s supporters were modest.)

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Recently, Alibaba has been called much nastier things: fraud, scam, even criminal. While it’s important to note that the allegations against Alibaba remain, well, allegations, the accusatory din has become loud enough for the company’s once-starry-eyed investors to sit up and take notice — and for some ambitious, well-known plaintiffs’ firms to take legal action against the company. Even if you don’t own stock in Alibaba, the scale and all-too-familiar outline of this story make it worth noting. Here’s what you need to know about the pending Alibaba lawsuit.

  1. Alibaba May Have Sold Counterfeit Products

Any allegation of counterfeiting should not be taken lightly. Unfortunately, at least one usually reliable source claims that Alibaba sold counterfeit products in the recent past.

According to a report issued by a Chinese regulator, Alibaba bears direct responsibility for a spate of recent counterfeit-product sales through e-commerce platforms the tech giant owns and operates. The report alleges that Alibaba knew about the sales and did nothing to tamp down on them, raising questions about the company’s ethics and governance practices. It’s important to note that the regulator retracted the most damning allegations shortly after making them, casting doubt on the story’s more salacious aspects. Still, if it’s subsequently proven that Alibaba did collude on the sale of counterfeit items, the parties to the suit could have another angle of attack.

  1. Alibaba’s Market Value Dropped $11 Billion in a Single Week

Counterfeiting claims aside, the crux of the lawsuit against Alibaba hinges on the stock’s chaotic selloff after a disappointing quarterly earnings report. In the days after the report came out, Alibaba’s shares lost about $11 billion in value, demolishing many shareholders’ positions and wiping out months of hard-earned gains. (Some of the parties to the suit are public pension funds, which tend to be sympathetic plaintiffs.)

  1. Alibaba May Have Lied in Its Registration Statement

Allegedly selling counterfeit products might not be the only form of dishonesty practiced by Alibaba in the recent past. The current lawsuit alleges that Alibaba willfully and substantially misrepresented certain claims made in its registration statement, the document that the Securities and Exchange Commission requires all firms to file prior to listing their shares on a public, U.S.-based exchange. The exact nature of the misrepresentation is a bit technical, but the takeaway is clear: The fact that Alibaba wasn’t as clear as it needed to be was a direct cause of the share-price collapse (and thus the principal source of financial harm for the aggrieved plaintiffs).

  1. This Case Won’t Be a Slam Dun.

Cases like this often end when the plaintiffs and defendant(s) reach an amicable settlement in which the defendant agrees to pay a substantial amount of money without admitting wrongdoing. Although it’s too early to tell how the Alibaba action will play out, a settlement may be less likely here due to the difficulty of enforcing judgments — the main “stick” plaintiffs’ attorneys use to force a settlement — against a company whose operations and assets are based almost entirely outside the United States.

Steps to Take to Ensure Labor Laws Are Met

Failing to meet labor  laws can spell the end for a business. New case law and changes in legislation are frequent in the field of employment, so it’s vital to ensure you keep up to date. Taking advice from an unfair labor law specialist can be one of the best investments you’ll make to protect your livelihood.

Laws can vary between states, so it’s always worth taking professional advice to avoid any problems. The following is a useful summary of the key legislation and rules any employer should be aware of.

1) Discrimination laws.

There are both federal and state laws prohibiting discrimination in employment in the US. As well as influencing hiring and firing, discrimination laws must be considered in disciplinary matters and promotions. Legislation protects sexual preference, age and disability, as well as color, race and religion.

An area some employers fail to deal with correctly is potential discrimination around pregnancy and childbirth. The Pregnancy Discrimination Act (PDA) sets out clear rules relating to everything from training to health insurance for pregnant women. Other legislation, including the Family and Medical Leave Act (FMLA), must also be considered in these situations.

2) Employment at will.

It’s a general rule that employees are hired on at ‘at will’ basis in the US. Written agreements to the contrary, including those in employee handbooks, can overrule this in some cases. Hiring at will means that employees can be terminated without notice. Many companies are now more flexible on these matters, and notice of termination and severance payments are often offered.

3) Laws relating to working hours.

The Fair Labor Standards Act sets out very clear rules relating to the number of hours employees can be expected to work in a day or week. Many states also have laws to protect employees from working excessive hours without payment for overtime. Penalties for violating these laws can be severe, including large fines and possible prison sentences. Some categories of employee are exempt from laws relating to working hours, but employers must still compensate workers for additional hours.

4) Classification of status.

Some individuals prefer to work as independent contractors, and this is an area where employers need to be very careful. Working as a self-employed consultant can have tax advantages for the individual, but the Department of  Labor (DOL) and the  Revenue Service (IRS) can re-characterize these relationships, and such agreements aren’t binding. Consequences can include providing benefits and payment of taxes by the hiring party on a retroactive basis.

5) Use of employer’s equipment for communications.

This has become a real hot topic in recent years, and debates are ongoing in the courts. The issue relates to the right of privacy in text messages, social media posts and emails sent using electronic devices provided by employers. The common sense approach is to set out clear guidelines to all employees and establish expectations around privacy in the workplace.

Understanding labor laws can reduce the risk of expensive legal action and protect the future of your business.

Advantages You Can Enjoy After Becoming a Paralegal

While the greater part of the individuals consider going into the legitimate calling, they essentially consider going to the graduate school to wind up lawyers. But since of the various graduate school graduates joined with the lack of lawyer employments in the previous couple of years have driven the eventual law understudies to rely on another way and it is to turn into a Toronto paralegal.

Motivations to turn into a paralegal

Individuals, who go into the lawful field as the paralegal, discover the occupation truly difficult and they likewise appreciate supporting others while filling in as the experts. In the meantime, others like the extra offices like the working hours, advantages and the pay. In this article, we will look at the formal of turning into a paralegal Toronto closer and will learn why this calling is thought to be a fantastic vocation way.

The advantages of turning into a paralegal

  • Helping others: No matter whether you decide to charitable effort or do the master bono or in the event that you have a paid occupation in a law office, one of the real advantages that you can appreciate turning into a paralegal is the extent of helping other people. Helping the lawyer to concoct answers for the lawful issues, noting the inquiries of the customers, holding the hands of the customers through the troublesome circumstances can be truly remunerating to the paralegals, who like to help individuals.
  • Challenging employment: The occupation of a paralegal is truly difficult, regardless of whether it is your first day of work or even in the wake of acting as a Toronto paralegal for a long time. There are diverse sorts of testing issues that can emerge every now and then and that can make the work an incredible fun. Extremely unpredictable cases or the issues, which your firm has never managed, are a portion of the difficulties that can give the paralegals something fortifying to take a shot at even in the little law office.
  • Salary and extra advantages: While most of the paralegals never begin profiting or having some incredible advantages, yet it is conceivable to work the path up to procure an awesome living
  • Working hours: While the substantial law offices or the enterprises may approach the paralegals to work for over 40 hours a week, yet the little organizations are more adaptable for this situation and need no to a little extra time. Aside from that, the paralegals can likewise appreciate adaptable breaks and coffee breaks

Get Professional Advice before Buying Commercial Property

When you are thinking about buying a commercial property, there are many things to consider before finalizing the purchase. Investing in a commercial building comes with quite a bit of risk. You will want to be sure that you understand all the fine details that commercial investing entails. Buying a commercial property is not as cut and dry as buying a home, fixing it up and putting it back up for sale or rent. Many times commercial properties must follow a set of strict regulations to comply with local zoning laws or the owner could face fines and penalties.

What Is the Condition of the Property

Buying a commercial property is a pretty big purchase. Before you take out a loan and put your other assets up as collateral, it is a good idea to determine the condition of the property you are thinking about buying. After all, you are putting down a large stake to acquire it. It is never recommended that you buy any property without first walking through the structure to see what condition it is in. When you are conducting a walk through, you might want to have a trusted commercial property solicitor join you. He will be able to assess a fair value of the property and help with a fair financing deal. When you have a solicitor on your side, the real estate agent you are working with will know that you are about business and be less likely to try and overcharge you for the property. If the commercial building that you are thinking about buying is in bad condition, you will need to have extra funds put aside to take care of necessary repairs and upgrades. If the property has been vacant or was not under the care of a responsible management company, you can expect that the property might need significant repairs and upgrades to bring it up to standards.

Are You Ready to Be a Landlord?

Being a commercial property landlord requires a certain mind-set. When you become a landlord, you have just added another job title to your resume. If you accept the challenge, you are the building manager, the collection office, and the maintenance person all rolled into one. Unless you outsource these duties, you are the person responsible for all aspects of the present and the future of the structure. First of all, you will need to do any needed repairs before you can put the space up for rent. Once all the repairs are completed, you need to find suitable tenants. If the space is zoned for commercial use, you will need to rent to businesses. If it is zoned for residential, you will need to rent to people that need housing. After the space gets rented or leased, you will also be in charge of collecting rent. It is worth noting that some renters struggle with paying rent  on time so you may have to follow up with them several times to get your rent money. Having your rental and lease agreement written up by a qualified solicitor can prove helpful in the event that your renter does not pay on time.

Regular Maintenance

Even if you do a lot of repairs when you first buy the building, the facility will still need regular repair work. If you do not enjoy getting your hands dirty and fixing things yourself, you may have to rely on third parties to complete emergency and regularly scheduled maintenance work. It is also helpful to have a nice enough personality. You will have to deal with your tenants professionally. They are relying on you to take care of the building that houses their home or business.

Passive Income Builds Wealth

On the upside, there is a lot of money to be made in the commercial real estate sector if you know what you are doing. People and businesses are willing to pay a premium for space in desirable areas. If you can acquire properties in areas that are demand, your ability to earn a steady passive income substantially increases. One of the keys to doing this is by owning multiple properties. When you have multiple properties with multiple tenants, the income is astounding. As you can imagine, the more buildings you own, the more involved you must be in managing all of them. The more facilities under your care, the more responsibilities you have to the communities the buildings are in and the tenants that live or conduct business within their walls.

Get Prepared

If you have talked with your financial consultant and sought the advice of a property solicitor and you are ready to make a big move into the commercial real estate world, it is time to make your move. It is always easier when you have the knowledge of professionals on your side to help you through the entire buying process. It is also a good idea to have a few connections with people that are skilled in construction and building repair, so you can green light any major repairs that need to be done. The faster that you can start renting out office space or flats, the faster you will start seeing a return on your investment. When you have a return on your investment, you know that you made the right decision to buy the property in the first place. Another option that might make sense for you is to buy the space and use it for your own use if your business is growing and you are tired of renting or leasing from someone else. No matter what you decide, owning your own commercial building is something that is rewarding. Many properties and land also have the ability to appreciate over time, so if you find a good deal, put some money into it for repairs and upkeep and then hold on to it for a few years, there is a good chance you can put it back up on the market and return even more profit. Good luck!

 

2 Reasons to Have a Lawyer, Even if You Think You Don’t Need One

We all like to think that if we’re good people and we do our best, we’ll probably never need someone to represent us in court. But this simply isn’t the case for a lot of people. Thousands of people end up in court, or in trouble, each year, simply because they were in the wrong place at the wrong time, not because they did anything wrong. This is the role of the plaintiff: the person who had something wrong happen or committed against them. In a situation like this, it really pays to have a good lawyer already on your side. It can make a lot of different processes much easier and ensure that you get justice in your time of need. Here are 2 situations that happen to people every day, times you will wish you had a lawyer to call.

Oregon Auto Law

  • My Brush With Oregon Auto Law. My wife and I never thought we would need to hire an Oregon traffic lawyer when we vacationed there in 2014. A good traffic lawyer would have been a great help when we ended up in a car accident while on an Oregon roadway. Neither me nor my wife were seriously injured, but we were both a little banged up, and the driver of the other vehicle turned out to be impaired. Both my wife and I were in shock and ended up in the emergency room. We weren’t able to mentally handle the insurance information, or even comprehend the legal considerations that had to be made in the moment. Luckily for us, our friend who we were in staying with did have a lawyer. No sooner did we get in the ambulance than we had a call from the lawyer who would go on to represent our interests, at a time when we were not in a mental or physical state to handle it ourselves. This situation worked out well, but it mightn’t have without being put in touch with a qualified personal injury lawyer. Through his help, we were able to enjoy the rest of our vacation (no significant injuries) with little to no worry.
  • My Brush With Worker’s Comp. As a youngster in Oregon, I worked at a fast food restaurant of some note. Advancing, like I do, to a posh shift leader position, I was given the responsibility of putting the money away at the end of the night. This required me to climb a metal staircase to a makeshift office space, all after walking around on fry grease all day. One fateful day I slid and fell and splatted on my face at the bottom of the stairs. My face was fine, but I got a nasty gash in my thumb that required a trip to the ER and a call to my Oregon personal injury lawyer, Nelson MacNeil Rayfield. And it was a good thing that I did, because my boss wasn’t going to do it for me. I ended up getting a good settlement that was worth a lot more than my paycheck, and I might never have gotten it without my lawyer.
  • Medical Malpractice. This thankfully is outside of my personal experience. But it’s another example of something that can go wrong, which you will have zero control over. Medical mistakes happen all the time. Hospitals are not always quick to rectify them. Because you may be the one injured, it’s possible that you won’t be at your mental best. You need someone to represent your interests in a court of law, and you won’t be in any position to search someone out after the damage has been done. It’s much better to already know who your lawyer is, long before the going gets tough.

Basically, things aren’t always going to go right. When people are in distress, they don’t have the mental acuity to look for a good lawyer. Bad lawyers prey on these moments. They know a potential client in a crisis, and they will definitely take your case and take your money. But it won’t be the healthy lawyer/client relationship you want and need. For this reason, it’s much better to have your lawyer picked out long before you are ever in a moment of crisis. That way, when things go wrong, you get in trouble, or find yourself at the wrong place at the wrong time, you’ll know who to call.

Reasons Lawyers Might Not be Taking Your Personal Injury Case

For many people who have suffered a personal injury and are seeking redress or compensation, getting turned away by a lawyer can be devastating. This is largely because people are of the mindset that lawyers are always readily available and will jump on any suit. In reality, this may not always be the case.

You see, being wronged isn’t enough for an attorney to take your case. There are other factors to consider, and these will determine whether they take your case or not. The following are some of the factors that lawyers often consider before accepting your case.

Fees, Compensation, and Gravity

After all is said and done, your lawyers want to be sure your case will result in a settlement award so that neither you nor they would be wasting their time.

For instance, if the cost of handling your case is about $50k and they can get their fees of $40k-$100k — usually a percentage of the total compensation — and you, the client, get your $100k-$150k in damages, they would more than likely take your case.

Contingent fees, if the attorney in question offers to represent you speculatively, may sway the equation one way or the other, but largely the question of whether the case is “worth it” gets decided monetarily, rather than by the weight of the issues at hand or any wrongdoing thought to have occurred.

Inadequate Time and Resources

Many reputable and successful personal injury attorneys routinely have more than enough cases to manage. As a result, taking yours might stretch them and their resources too thin. If this happens, chances are it’s the wrong time to be consulting them. The good news is if they feel you have a case, they will probably refer you to someone just as qualified who can manage the time necessary to represent you.

Conflict of Interest

This is a no-brainer really. If the defendant has business with the attorney, they won’t take your case. The nature of the conflict could even prevent them from recommending a colleague.

For instance, if you are suing your company for injuries sustained from a fall caused by their negligence and you try to consult a lawyer who is on the board of trustees for the company’s foundation or often hires the services of the defendant as a witness expert, they will not be able to accept your case.

Higher Chances of a Loss

Some cases are clear losses, and a seasoned attorney can often tell this from the beginning. If there are slim chances of winning your case and you are unable to make it financially worthwhile, they will probably reject the case. This is because taking such a case will be a drain on their resources and time — and yours. As most personal injury firms like Heil Law in Deland offer free consultations, think of this as part of the service. You don’t want to sink time and money into a lost cause any more than your potential representation.

Caps on Damage Payments

Some states have compensation limits for different injuries. This may not always seem fair, but it is the reality. For instance, if the state’s cap on slip and fall cases is $100,000 and it would cost the lawyer $60,000 alone to process and get the case to the court, this would mean that they wouldn’t be able to make anything from the case and neither would their client. In these instances, there’s the likelihood that your case will be rejected.

When in doubt, take advantage of the free consultations offered by most lawyers, but maintain a practical mindset. You’re engaging these professionals because they are experts in legal matters.

Oscar King is a freelance writer and entrepreneur who offers practical guidance and insights into the world of business and the challenges faced by the small business operator.

Benefits of Hiring a Traffic Ticket Lawyer

Getting a traffic ticket or speeding ticket is no more a fun experience in Las Vegas, but the majority of people have one or more tickets in their lifetime. While most of them just pay the ticket and move on in their life, but still it is a better option to hire a Las Vegas traffic ticket lawyer to fight for the ticket. These lawyers mainly help those people, who get the tickets, but don’t deserve them. For instance, maybe you have got the traffic ticket while keeping up with the flow of the traffic or maybe you have got the parking ticket for backing into the parking space while the sign was not there.

Why to hire the traffic ticket lawyers?

According to the experts, every nine out of ten people just pay for the traffic tickets without considering it was their fault or not. But you should not do the same as having the traffic tickets can result in hefty fines, can increase the auto insurance rates and can also affect your driving record. So, whether getting the traffic ticket was your fault or not, there is a high chance that you will be able to remove this ticket from your traffic record in case you fight for the ticket. But in case you don’t know how to fight for the ticket, then you can take the help of a Las Vegas speeding ticket lawyer. The lawyer will try his/her best to get the traffic ticket dismissed. Here are the benefits that you can get by hiring the traffic ticket lawyer.

Benefits of appointing traffic ticket lawyer

  • They can help to get the traffic ticket reduced: One of the major benefits of hiring the Las Vegas traffic ticket lawyer is that they can help you to get the traffic ticket reduced. Even if you don’t have any mistakes on the traffic ticket, there are times when you have to take the entire responsibility. But this doesn’t mean that you have to pay for the entire fine. The lawyer will negotiate the ticket and will help you to get a lower fine. This will make a big difference in whatever you pay.
  • They will fight for your rights: Often people don’t know about the rights that they have as the driver in Las Vegas. In this situation the Las Vegas speeding ticket lawyer can help you as the lawyer is well aware of everything regarding traffic laws. Therefore, the lawyer will be able to fight for your rights.

Consider real estate law before you make investments

Dream home, business venture, or pet project: there are many reasons that compel people to invest in real estate and contribute a huge amount of time, money and labor after purchase. Efficiently managing all these factors can be a challenge, but not an insurmountable one – provided you do a little research. This specifically applies to legal issues, from planning and contracts to environmental impact, taxes, insurance, and health and safety – and how you can manage them by planning ahead.

A wise investment?

Ideally, responsible property buyers look into all of these aspects before making a big purchase so that effective budgeting can begin, as well as logistical and administrative tasks. You’ll want to consider whether or not it’s going to be worth the amount of time and money required to make it profitable, and how long that turn-around may be.

Will it be a fair cash-on-cash return as is the case with cash flow-positive properties? Will it be a risky investment? The only way to make an educated prediction is to conduct surveys and assessments that enable you to gain some insight into the nature of the real estate, whether it means fixing a foundation, doing some cosmetic work, or starting completely from scratch. This often entails hiring contractors such as builders, plumbers, and electricians, as well as purchasing the necessary materials for the property. Additionally, there are also other expenses to consider. How much will it cost to maintain on a regular basis? Will it require a lot of management? This will be the case for properties that are being used for rent, where landlords have an obligation to ensure that health and safety standards are met, among other concerns. What environmental cost will development demand? Will this negatively or positively impact the surrounding region? As well as the slew of legal issues that could potentially follow, you don’t want to found a legacy that has disadvantages for the local community and the environment in which it thrives.

Additional advice

Sometimes, it pays to consult a legal firm in order to determine the potential of a prospective property. International firms such as DLA Piper – headed by COO Bob Bratt – specialize in helping businesses determine a variety of options available to them, whether it’s managing taxes, working on projects promoting steady growth, or spotting potential in key investments such as real estate. Bratt’s extensive experience working with various industries as well as his success at DLA Piper is reflective of the values that help businesses to prosper, and property buyers should consider firms with a high performance record such as this one in order to explore the options available.

As well as making an informed decision, logic works in hand with intuition. Your gut feeling about an investment is often accurate, provided you keep your mind open and objective. It’s not just your head that has to be in it, but your heart as well – more than anything; real estate needs to be nurtured for it to reach its full potential. If you can reach this conclusion after balancing the pros and cons of a property as well as absorbing second and third professional opinions, chances are you’ve made the right choice.

Tulsa Felony Lawyers- The Ultimate Saviors

tulsa-criminallawyersMemories of that day still manage to haunt me. No doubt in agreeing to the fact that life is full of joys and sorrows. However, this sorrow had hit me hard. It was next to impossible for me to get over that horrendous accident. The marital bliss was enough to keep our relationship going. Never did I know that this would end too. My husband’s sudden demise came across as a huge blow to me. The worst part is my own brother-in-law ruined my life. I had heard stories of people killing their own kin citing property reasons. I am unfortunate that I witnessed such an incident in real life too. One of the Tulsa felony lawyers had to be immediately summoned.

There is literally a thin line between a felony and misdemeanor. The latter one inculcates minor theft and traffic offenses. In short, wrongdoings that are less serious in nature can be termed as ‘misdemeanor’. On the other hand, felony is all about hideous crimes like rape, kidnapping, murder. It revolves around dealing with misdeeds that can be passed off as highly intense. Tulsa criminal lawyers assure to essay the role of plaintiff or defendant quite well.

The lawsuit was filed by the attorney by bearing in mind the details. The impact that it created will leave you astounded. An hour later, I got a call saying that an arrest warrant has been issued against my brother-in-law. The cops barged in his house and got hold of him within no time. They ruthlessly took him to the station and procured his fingerprints. They say that this information is essential for them to investigate further.

Every bit of this information was passed on to my lawyer. He told me to be rest assured for the accused has been booked. The relief that our faces portrayed were beyond description. Both of us knew that once he is booked, the District Attorney would be in charge. No other authority is allowed to press charges against the guilty. Glad that they did so along with the subpoena! The attorney also provided us as well as the opposite party with a preliminary hearing date. We were successful enough in showcasing the right amount of evidence during this process. My brother-in-law naturally did not testify but try to mislead the witness.

We were glad for the judge ruled in our favor and ordered for a trial. He also asked for a discovery hearing so that we could exchange evidences. Our case was such that it did not require the deposition stage. Trying not to exaggerate but the trial was literally a cakewalk. All the evidences and facts tried to highlight the defendant’s shady deed. The judge dealt with issues of law while the jury looked after the issues of fact. The evaluation and analysis thankfully resulted in our victory. My lawyer and I celebrated this triumph of good over evil. This incident has literally changed my perspective towards criminal attorneys. I have now started believing in the institution of law and justice. My attorney along with expungement lawyers Tulsa ensured to portray the role of justice redeemers well.

Robert Goins is author of this article on Tulsa felony lawyers. Find more information about expungement lawyers Tulsa.

Contact Us:
Tulsa Criminal Lawyers Law Office
5319 South Lewis Ave. Ste 124
Tulsa
Oklahoma
74105
United States

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