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Month: March 2025

How Can Businesses Protect Themselves from Breach of Contract Claims?

Contracts are the foundation of most business agreements. Whether it involves suppliers, employees, or clients, a well-drafted contract is the basis for mutual understanding and compliance. However, when one party fails to meet its obligations, disputes can arise, potentially leading to breach of contract claims. Fortunately, businesses can take proactive measures to minimize risks and …

Genetic Testing Pioneer 23andMe Files for Bankruptcy

Genetic testing company 23andMe filed for bankruptcy late Sunday night following a dramatic decline from its $6 billion valuation to a penny stock. Co-founder and Chief Executive Officer Anne Wojcicki resigned by mutual agreement but will remain on the board. Chief Financial and Accounting Officer Joe Selsavage has been appointed interim CEO. Shares dropped nearly …

Trust Issues in Business Insurance: Avoiding Pitfalls with Your Coverage

When businesses and property owners invest in insurance, they expect their policies to provide financial protection in times of crisis. However, trust issues often arise when insurers delay claims, deny valid coverage, or fail to account for legal ownership structures—such as when property is held in a trust. Understanding these challenges can help business owners …

Secret Mortgage Blacklist Leaves Homeowners with Unsellable Condos

A secret mortgage “blacklist” is leaving homeowners throughout the country struggling to sell their condominiums. The list, maintained by Fannie Mae, includes condo associations that the mortgage finance giant deems as having inadequate property insurance or requiring critical building repairs. The consequences can be severe, making it significantly harder for potential buyers to secure financing. …

Insurance Coverage for Federal Investigations

Companies have increasingly faced government investigations into potential misconduct in recent years, leading to significant financial and reputational risks. Federal agencies like the Federal Trade Commission (FTC) and the Department of Justice (DOJ) have ramped up enforcement of antitrust laws, while the Environmental Protection Agency (EPA) has also been active in conducting high-profile investigations. For …

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