When the Last Label Gets Corrected the Lawsuit May Be Over

The Northern District of California recently ruled that a consumer had no standing to pursue class action claims for injunctive relief after tea maker Twinings removed certain labeling about antioxidants from its packages. In May 2012, Nancy Lanovaz sued Twinings North America, Inc. alleging causes of action under California’s Unfair Competition law (UCL), False Advertising…

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The Internet of Things in the Food Industry

The Internet of Things (IoT) is becoming an important part of the food industry, from production to transportation to retail sales. The IoT is contributing to better use of resources and greater productivity in the industry as well as improved safety for food products. Simply stated, the IoT is a network of technologies which can…

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SAFE Financing for Start-ups

By their very nature, high risk investments are the most likely to provide opportunities for high returns. Private equity stakes in small businesses with strong growth potential can be especially rewarding. For this reason, seed accelerators like Y Combinator (YC) agree to provide seed funding for start-ups that can prove their potential. YC, in particular,…

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New IRS Guidance for Foreign Banks and Withholding Agents

The Foreign Account Tax Compliance Act (FATCA) was enacted in 2010 to combat tax evasion by Americans using Swiss bank accounts and hiding other financial assets overseas. FATCA requires Foreign Financial Institutions (FFIs), including banks, mutual funds, and hedge funds, to report information about American accounts to the Internal Revenue Service. FFIs that do not…

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