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Dallas Business Lawyer Rounds Up 2018’s Most Interesting Business Law Stories – Part 1

Dallas business law attorney, Richard “Ric” Armstrong, explores some of the most intriguing business law stories in the news this year.

2018 has been a banner year for business stories in the news—many of which involve legal issues. Regardless of how sensational (or sometimes scandalous) these stories are, we can usually take away some sort of lesson from them. Let’s begin exploring some of the year’s most interesting business law stories.

Paul Manafort Trial

Arguably one of the most high-profile business stories so far this year has been the trial of Paul Manafort. Earlier this month, the former campaign manager of President Donald Trump was convicted on 8 of 18 criminal counts of tax and bank fraud charges, uncovered in the course of the Robert Mueller investigation. Reports state only one holdout juror kept him from being convicted on all 18 counts. While many have pondered the trial’s impact on Trump’s presidency, the charges themselves were unrelated to the Trump campaign. The eight convictions alone may be enough to send him to prison for the rest of his life.

Takeaway: Business-related crimes that are years old may be discovered while looking for something else.

Elon Musk Tries to Take Tesla Private, then Relents

According to Time, Elon Musk, chairman/CEO of Tesla and renowned innovator, announced in a tweet that he intended to take his company private (i.e., off the public stock exchange), citing concerns about “wild swings” in stock prices. He offered shareholders the option of keeping their shares or selling them at $420 a share. Two weeks later, Musk reversed course, apparently because shareholders and the Board did not agree with his thinking.

Takeaway: We usually hear about companies “going public,” even thinking of it as a rite of passage or a sign of monumental growth. We rarely hear about companies “going private.” But it can happen, and there are times when it may even be advisable.

If you need legal counsel or representation from a Dallas business law attorney, we are here to help. Call Armstrong The Law Firm, P.C., today at 972-424-L-A-W-S (5297).

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