All companies, big and small, are at risk for data breaches. Most companies have legal obligations with respect to the integrity and confidentiality of certain information in its possession. Information privacy and security is essential to protect your business, safeguard your customers’ privacy, and secure your company’s vital information. Recently, hackers gained access to…
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IRS Proposed Regulations Address Substantial Risk of Forfeiture Under IRC Section 83
The Internal Revenue Code (IRC) Section 83 governs property transferred to an employee in connection with the performance of services. Currently, the section states that such transfers of property (typically restricted stock or stock options) are subject to federal income tax when the property is no longer subject to a substantial risk of forfeiture; however,…
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Employee Who Read and Printed Coworker’s Emails Found Not Guilty of Violating the Stored Communications Act
A New Jersey court recently held that a teacher who accessed and printed a co-worker’s personal email after the coworker left the computer without signing out of her account was not guilty of a crime. By Alice Cheng In Marcus v. Rogers, 2012 WL 2428046 (N.J.Super.A.D. June 28, 2012), a New Jersey court held that a…
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The JOBS Act: A Summary of What it Means for Businesses
The Jumpstart Our Business Startups Act or JOBS Act, intended to encourage funding of United States small businesses by easing various securities regulations, was signed into law by President Obama on April 5, 2012. By Louis A. Zambrio On April 5, 2012, the Jumpstart Our Business Startups Act (“JOBS Act”) was signed into law. The…
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