Dunn Lambert, LLC
We mean business
Comprehensive legal services for businesses in New Jersey and New York call 201-957-0874
comprehensive legal services for businesses call 201-957-0874

June 2010 Archives

Entrepreneurs Still Find Vast Business Formation Potential on Web

A recent article in The New York Times highlights an entrepreneur's success starting businesses online. The article profiles Ben Huh, an entrepreneur who took a risk in buying a website filled with funny-captioned goofy cat pictures and managed to turn the purchase into a wildly successful business. In the beginning, the start-up consisted of Huh and his wife, and he purchased the I Can Has Cheezburger website with $10,000 of his own savings and financing he solicited from investors. He has now expanded his "Cheezburger Network" to 53 sites, which attracted a record 16 million unique visitors in May. The company has 40 employees and has not needed additional investment funds.

Land Once Slated for Commercial Development Likely to Become Port

According to The Jersey Journal, the board of the Bayonne Local Redevelopment Authority voted unanimously Thursday night to give BLRA Executive Director Christopher Patella the authority to negotiate the sale of 128 acres in the southern section of the Peninsula at Bayonne Harbor to the Port Authority of New York and New Jersey.

United-Continental Airlines Merger Raises Antitrust Concerns: Part 2

On Wednesday, congressional lawmakers raised serious antitrust concerns with the CEOs of United Airlines parent UAL Corp. and Continental Airlines Inc. over their plan to merge. The merger involves a $3 billion stock swap and would create the world's largest airline by traffic. During the first of two hearings on Wednesday, the CEO's defended their plan, saying that combining the companies is vital for them to continue to compete worldwide and that the airlines' combination will lead to greater financial stability.

United-Continental Airlines Merger Raises Antitrust Concerns: Part 1

On Wednesday, the CEOs of Continental Airlines Inc. and United Airlines parent UAL Corp. defended their plan for a merger to skeptical members of Congress. Lawmakers are concerned that a merger will lead to higher fares, job losses, and a decreased quality in service.

NJ Nuclear Utilities Accuse Govt of Ongoing Breach of Contract

The Wall Street Journal recently published an interesting article that discusses the ongoing problem of storing the nation's nuclear waste. In March, the Energy Department notified the federal Atomic Safety and Licensing Board that it was dropping its plan to store nuclear waste in Nevada's Yucca Mountain. The federal government had spent 30 years and $10 billion dollars trying to find a place to store nuclear waste, only to give it up and go back to the drawing board.

New Businesses Continue to Form Despite Recession

The annual study of new business creation, The Kauffman Index of Entrepreneurial Activity, has found that incidents of new business formation have continued to increase in spite of challenging economic times. The Wall Street Journal recently reported that the index found that in 2009 start-ups reached their highest level in 14 years. This number is even higher than that of the dot-com boom from 1999-2000. From 2007-2009, new business creation steadily increased. 

Avis v. Hertz in Dollar Acquisition, Part 2: Antitrust Issues

While the rental car giants Hertz and Avis argue in public over who has the better chance to get regulatory approval to acquire Dollar Thrifty Automotive Group, investors and experts believe that it will come down to the highest bid, The Wall Street Journal reports. Those knowledgeable about the matter seem to agree that either company would face equally significant challenges in order to gain regulatory approval for a merger with Dollar. A merger between either New Jersey-based Hertz Global Holdings Inc. and Dollar or Avis Budget Group Inc. and Dollar would create serious antitrust issues, which this post will delve into.

Avis v. Hertz in Dollar Thrifty Acquisition, Part 1

The Park Ridge, New Jersey-based rental car company, Hertz Global Holdings Inc., is waiting to see how much money Avis Budget Group Inc. will bid in a counter-offer in the two companies' long-time battle to acquire Dollar Thrifty Automotive Group. People following the contentious competition say that it is likely the winning deal will come down to cash. If Avis bids significantly more than Hertz, it is likely Dollar will choose Avis, and Hertz will walk away from the dealings.

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