News and Legal Articles From Our Team

INHERITED IRA IS NOT SAFE FROM CREDITORS IN BANKRUPTCY
H. Adam Shapiro

In June the Supreme Court held that an inherited individual retirement account (IRA) was not protected by federal bankruptcy law. Specifically, the Court considered whether an inherited IRA is a “retirement fund” within the meaning of the bankruptcy code and thus entitled to federal bankruptcy protection. The Court surprised everyone by ruling inherited IRAs are…

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“VALUABLE CONSIDERATION” REQUIRED TO ENFORCE NON-COMPETE AGREEMENT DESPITE COMPLIANCE WITH PENNSYLVANIA UNIFORM WRITTEN OBLIGATIONS ACT
H. Adam Shapiro

The Pennsylvania Superior Court recently examined what impact, if any, the Pennsylvania Uniform Written Obligations ACT (PUWOA) has on an employment agreement that contained a covenant not to compete entered into after the employee started working with the employer. The short answer is – no effect at all. First a little background is in order.…

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NEW COBRA NOTICE REQUIREMENTS
H. Adam Shapiro

The United States Department of Labor recently revised the notice and distribution requirement notices to take into account that employees now have the ability to choose health insurance through the newly created Health Insurance Marketplace. The Department of Labor’s website contains both revised notices and can be found by clicking this Link. DOL is also…

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Top 3 Mistakes Companies Make with IT Security Programs
H. Adam Shapiro

I came across an interesting blog that was posted by a professional hacker whose job is to find vulnerabilities in top corporations’ IT security. His official title is “penetration tester”. Rather than just summarize what is already a short blog, I decided to just let the hacker speak for himself and tell you directly what…

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DO I NEED TO FILE AN S ELECTION IN PENNSYLVANIA – LEGAL RESEARCH ON YOUR OWN: A FOOL AND HIS MONEY ARE SOON PARTED
H. Adam Shapiro

These are dangerous times to be starting your new business. The economy is tight, money is not readily available and your legal budget is next to nil. You’ve heard that you need to incorporate to protect your family assets and you keep hearing on the radio that you don’t need a lawyer. In fact, you…

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WHISTLEBLOWER AWARDS IN EXCESS OF $14 MILLION IN 2013
H. Adam Shapiro

The SEC’s Office of the Whistleblower (OWB) awarded individuals over $14 million in 2013 for their “significant and original contributions” to successful enforcement of the securities laws. The OWB is now in its 3rd full year and the number of tips and complaints is trending upward. OWB reports that it received 3,001 tips and complaint…

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SEC ENTERS INTO FIRST DEFERRED PROSECUTION AGREEMENT WITH INDIVIDUAL
H. Adam Shapiro

Late last year the Securities and Exchange Commission announced that it had entered into its first deferred prosecution agreement (DPA) with an individual who worked in an administrative capacity at a large hedge fund. The DPA allowed the SEC to successfully go after hedge fund manager Berton Hochfield who reportedly stole more than 1.5 million…

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RECENT CHANGE TO STATE PRIVACY LAW WILL IMPACT COMMERCIAL WEBSITES NATIONWIDE
H. Adam Shapiro

It seems we cannot go a day without big news regarding online security and privacy or the lack thereof. Most recently it was Target and tomorrow who knows. California has always been at the forefront when it comes to protecting consumers and internet privacy. Thus it comes as no surprise that, as of January 1,…

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Danziger Shapiro, P.C. Announces Investigation of NQ Mobile, Inc.
H. Adam Shapiro

For Immediate ReleaseContact: Danziger Shapiro, P.C.215-545-4830 leavitt@DS-L.comDanziger Shapiro, P.C.Announces Investigation of NQ Mobile, Inc. PHILADELPHIA, PA, December 16, 2013- Danziger Shapiro, P.C., a Philadelphia based litigation law firm, (www.DS-L.com) is investigating securities fraud claims against NQ Mobile, Inc.. (NYSE: NQ). This inquiry centers on allegations that statements issued by NQ Mobile regarding its business operations…

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