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California Business, Insurance And Environmental Law Blog

Lawsuit victory restores iconic Yosemite National Park names

California visitors to Yosemite National Park will soon notice the return of familiar names for many of the park's lodgings and visitor destinations. This is because the national park has emerged victorious after a four-year court battle with its former concessionaire. As a result of the lawsuit, several names of iconic structures within the park had to be changed, including hotels, lodges and a popular ski area.

Now that Yosemite National Park has reached a $12 million settlement with its former concessionaire, original names for the affected structures can be restored. A park spokesman has expressed excitement over being able to restore historic names for the park's various landmarks. When the lawsuit was filed, the concessionaire company, which had handled Yosemite's lodging, food and retail services for more than 20 years, demanded $50 million to allow the park the right to keep its various names.

Breach of contract: What you should know

If you own a business in San Diego, you probably already have some experience with contracts. For instance, you may have entered into a contract with a vendor where the vendor supplies you with product and you pay the vendor. Both you and the vendor get something you want. Unfortunately, sometimes things go wrong and one person either cannot or does not perform according to the contract. When this happens, it is a breach of contract.

While you and your vendor may have had a good relationship for some time, there could come a day when the vendor delivers the wrong product or doesn't deliver the product at all. Do you know what to do or what legal remedies are available when there is a breach of contract?

Major health care companies announce merger

Two health care companies that serve patients in California and across the country have announced plans to merge. Sanford Health and UnityPoint Health signed a letter of intent for a planned $11 billion merger. If the plans are completed, the resulting company would be one of the top 15 not-for-profit health care companies across the country. The combined entity would own 76 hospitals in 26 states and nine different countries. It would also employ 2,600 doctors and 83,000 total staff. In a statement, the CEO of Sanford Health said that both companies were already successful and wanted to build on their records.

The CEO said that by building an even larger health care company, the new firm would receive greater value and offer more affordability. According to the plan, the Sanford CEO would lead the new company, while the UnityPoint CEO would serve as senior executive vice president. While both organizations would continue to operate their existing medical groups and maintain partnerships with other providers and independent physicians, they would share a united governing board. The companies said that they expected the merger to go fully into effect before the end of 2019. Experts said that Sanford and UnityPoint should not run into antitrust problems.

What to know about LLCs

Businesses that are formed in California are likely able to structure themselves as a limited liability company, or LLC. This may be possible whether the company has a single member or multiple members. Members can include individuals, other LLCs and corporations in both the United States and throughout the world. By default, single-member LLCs are considered disregarded entities while those with two members are classified as partnerships. However, an LLC can choose how it would like to be taxed by filing Form 8832.

Generally speaking, any election to be taxed as a corporation must take effect no more than 75 days before the declaration is made. Furthermore, it cannot take effect more than 12 months after it has been made. Companies may be able to ask the IRS for additional flexibility if there is a need for it. The process for doing so is laid out within Form 8832.

Health sector companies agree to merge

California residents and others who use Medicaid may be pleased to hear that WellCare and Centene shareholders have agreed to a merger. The deal would see Centene purchase WellCare for $15 billion. According to Centene's CEO, the combined company will be better able to serve the needs of those who rely on government health benefits. He also noted that the combined entity would make it easier for patients to see improved health outcomes.

Finally, he mentioned that the new entity would do a better job of providing higher quality at a lower cost to states. It was reported that 83% of WellCare shareholders participated in the vote, and of those who voted, 99% agreed to the proposed deal. It was also reported that more than 99% of Centene shareholders who voted on the deal were in favor of it. While receiving shareholder approval is a big step in the acquisition process, it is not the final one.

Two defense companies move forward with merger

Two defense technology companies with customers in California and across the country are working to complete a merger after they received regulatory approval for the acquisition. Harris Corporation set a closing date of June 29 for its all-stock merger with L3 Technologies. After the merger is completed, the new company will take the name L3Harris Technologies, Inc. Shares of the company's stock will trade on the New York Stock Exchange under a new symbol, replacing both companies' earlier presence for investors. People who own L3 stock will receive 1.3 shares in the new company for each share they currently own.

The president of Harris Technologies praised the merger plans, saying that the regulatory approvals are evidence of the success of the companies' vision for the future. He also said that the merger is one of the largest in history between two companies involved in the defense industry and technical development. As part of receiving approval for the merger, Harris sold off one of its businesses, called Night Vision. While the sale has not yet been completed, an agreement has already been made with another defense firm, Elbit Systems, to buy that area from Harris.

Google to spend $2.6 billion for Looker

California-based Google intends to purchase Looker for $2.6 billion. Looker has 1,600 customers and offers services pertaining to the multi-cloud. Google has said that it will continue to be friendly toward open source projects that run on the cloud. It said that it wanted to purchase Looker because it had quality data governance protocols in place in addition to running on modern cloud databases.

Google Cloud's CEO said that the company understands that customers want to be able to analyze data using a variety of sources. He further stated that Looker's tools would make it easier for companies to determine key metrics and use data in a consistent manner to track performance. Looker's CEO also confirmed that customers would be able to get data from a variety of databases such as Snowflake, Oracle, and Amazon Redshift.

New aerospace giant created after merger

A couple of the largest aerospace companies in the world, which have locations in California and other states, have decided to merge into one giant company that's expected to generate more than $74 billion in sales per year. After the merger, the shareholders in the smaller of the two companies will own 43% of the new company's stock while the shareholders in the larger company will own 57%. The headquarters of the new company will be located in the Boston Metro area.

The two companies merging have been responsible for developing a lot of important advancements, including satellite transmission technology and microwave ovens. Representatives from the companies have stated that the merger will allow for even more advancements in aerospace and defense. While the board of directors of both companies have already give the go-ahead, the merger has yet to be approved by federal regulators.

How to extract yourself from a bad business partnership

The future looked rosy when you decided to start a business with your partner. Perhaps you were married to one another at the time, or were in-laws, good friends or co-workers itching to hang out your own shingle.

But over time, your business partnership took a few dings as your personal relationship with your partner deteriorated. Maybe some unfortunate events unfolded that revealed the true nature of your partner's character or perhaps they just failed to fulfill their obligations to the business. Either way, you decide that a major change is needed.

Automakers still considering future merger

California residents may have heard about the potential merger between Fiat Chrysler and Renault. If the two companies were to come together, it would create the third-largest automaker in the world. However, talks were put on hold after the French government asked for more time to talk with Renault ally Nissan. This caused Fiat Chrysler to pull out of talks, and they blamed politics for making such a decision.

The French government had several conditions as it related to the merger. For instance, it wanted to make sure that the combined company would continue to take part in an electric battery program. It also wanted to make sure that the alliance between Renault and Nissan would remain intact. Nissan said that it was uncertain about how the deal would impact relations between it and Renault. However, there were agreements reached on the other conditions imposed by France.

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