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May 21, 2024

In this issue:

  

  

  
   Injured Hand Filling Out Injury Report   

Video: Michigan's Changed Premises Liability Laws Pose Real Threat to Business and Property Owners

Dora A. Brantley and Paul J. Millenbach

Last summer, in the consolidated cases of Kandil-Elsayed v. F & E Oil Inc., and Pinsky v. Kroger Co. of Mich, the Michigan Supreme Court issued a ruling that substantially changes decades of law regarding premises liability cases involving “open and obvious" dangers. 

What do these recent changes mean for business and property owners and how can they mitigate the chances of facing a lawsuit in the future?...

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   Gavel on Soccer Field   

Federal Judge Rules NCAA Can’t Bar Student-Athletes from Negotiating NIL Money with Collectives & Sponsors

Anthony M. Dalimonte and
Charles Sarchet (Law Clerk)

On February 23, 2024, the U.S. District Court for the Eastern District of Tennessee granted a preliminary injunction blocking the National Collegiate Athletic Association (NCAA) from enforcing rules which prohibit college athletes and recruits from negotiating compensation for use of their name, image and likeness (NIL) with NIL collectives, boosters and other third parties prior to choosing a school...

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   Preventative Law Graphic   

Videos: Why is Preventative Law Good for Your Business?

Unlike traditional law, which deals with resolving issues after they’ve occurred, preventative law focuses on anticipating and avoiding conflicts, lawsuits, and disputes in the first place such as sex discrimination and property transactions. 

In the following videos, Foster Swift litigation attorney Bryan Cermak quickly touches on preventative law and why it is important for all businesses and explaining how Preventative Law is proactive rather than reactive and can help businesses avoid potential problems in the future:

  1. Preventative Law with Bryan Cermak - Part 1
  2. Preventative Law with Bryan Cermak - Part 2
  

  

  
  

2024 AI Predictions and Legal Strategies for Women Leaders

Business leaders are leveraging Artificial Intelligence (AI) tools in a variety of ways to grow revenue and improve performance and enhance operations including customer service, cybersecurity management and content production.

However, there is still much that needs to be explored in this ever-evolving technology and despite the exciting opportunities it presents, it is critical to approach it with the help of knowledgeable advisors to examine the potential risks it poses.

Join us on Tuesday, June 4, 2024 for 2024 AI Predictions and Legal Strategies for Women Business Leaders:

This session features business attorneys Amanda Dernovshek and Lindsey Mead as they discuss 2024 AI Predictions for businesses along with legal issues related to AI that could impact business leaders and what strategies to use to mitigate risk.

  

  

  
  

Small Business Month: Foster Swift Highlights Importance of Planning with Legal Resource Advisors

Yahoo! Finance

For over 60 years, National Small Business Month has acknowledged the hard work, ingenuity, dedication and critical contributions of America’s entrepreneurs.

According to Forbes, Small Business Statistics of 2024, the U.S. Small Business Administration (SBA) reports that over 33 million US businesses qualify as small businesses, employing over 61 million people, making up nearly half of the entire US workforce. 

Despite their vital importance, 1 in 4 small businesses fail within the first year of operation. While this can be contributed to any number of reasons, many can be contributed to a lack of planning and lack of resources... 

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Fedor Named "Go-To" Lawyer in Business Transactions

Matt Fedor

Matt Fedor was named in Michigan Lawyer's Weekly list of 'Michigan's Go To Lawyers' for business transactions! The program was created to recognize leading lawyers in a particular field of law as nominated by their peers.

A "Go To Lawyer," as defined by Michigan Lawyers Weekly, is someone who is:

  • An expert in their field
  • Has experienced a record of success
  • Is often referred by peers for their expertise and accomplishments
  • A creative thinker and identifies all options for their clients
  • And someone you would refer to a friend

Matt has extensive and wide-ranging experience in business and corporate law. As general counsel, Matt advises clients in various aspects of the business cycle from choice of entity at start up, buy-sell agreements, contract review and negotiation, employment issues, acquisitions, through the eventual sale or dissolution. Matt has a unique perspective due to his experience in representing both families and business owners and is able to counsel clients regarding protecting their assets and planning for the transfer of those assets to the next generation.

  

  

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Foster Swift Collins & Smith, PC E-Newsletters are intended for general information for our clients and friends. This newsletter highlights specific areas of law and is not legal advice. The reader should consult an attorney to determine how this information applies to any specific situation.

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