- Posted at March 07, 2019 04:04 PM
- by Michael Paris
What do LEGO sets, baseball cards, and cryptocurrencies have in common? In these volatile economic times these alternatives have, in many cases, managed to outperform the S&P 500 as an investment class. There are of course several caveats. A LEGO set with a 615% annual return, an admirable showing, could mean appreciating in value from $3.99 to $28.46. And while Baseball cards remain “the most liquid tangible asset markets”, neither option is going to make up the bulk of a sophisticated investor’s portfolio. But one fact remains true. Due to recent market instabilities, more investors are looking beyond traditional avenues and towards alternative investments, or assets that are not correlated to the stock market. And as the acceptance of these assets grows, so do the numbers of scammers and fraudsters in this field.
- Posted at November 16, 2018 10:58 AM
- by Patrick Marinaro
What if you could buy Amazon stock, now valued at $1631.17 per share, at just $20? Or Apple (trading at $194.17) at $15? You’d jump at the chance, right? This instinct – to get in on the ground floor of what was projected to be the largest tech IPO in history – is what one fraudster was counting on when he launched a daring plan to defraud prospective Facebook investors of millions of dollars.
- Posted at October 09, 2018 11:40 AM
- by Nystrom Beckman & Paris
Nystrom, Beckman & Paris LLP is proud to announce that Nina Hirsch has joined the firm as an associate. Nina served as a clerk to the Honorable David A. Lowy of the Supreme Judicial Court of Massachusetts and is also a decorated veteran of the United States Marine Corps.
- Posted at September 21, 2018 01:57 PM
- by Michael Paris
The Massachusetts Noncompetition Agreement Act, applies to all non-competition agreements entered into on or after October 1, 2018,  and applies to all employees and independent contractors working in Massachusetts regardless of whether the agreement contains a choice-of-law provision. Here are the important points that you need to know.
- Posted at July 23, 2018 01:18 PM
- by Colleen Cook
On July 1, 2018, the updated Massachusetts Equal Pay Act (“MEPA”) went into effect. Nearly all employers in the Commonwealth are subject to MEPA, as well as those out-of-state businesses with employees whose primary place of work is in Massachusetts. Employers who fail to comply with the new provisions face liability for double the amount of impermissible disparate pay, plus attorneys’ fees and costs.
- Posted at May 18, 2018 09:52 AM
- by Dana Zakarian
There is a saying in building, “measure twice, cut once.” This same principle applies when drafting and negotiating contracts. Too often, businesspeople and corporate lawyers draft dispute resolution clauses without fully appreciating their implications – – because they are not the ones enforcing or defending them in court. As a trial lawyer, I have exploited contract provisions that the other side thought were bullet proof. I also have had to break the bad news to clients that their contract doesn’t protect them on certain issues. Based on these experiences, I advise all my clients to have a litigator review their contracts before they are signed. Let me give you a few examples of how doing this can save you a lot of time and money if a dispute arises.
- Posted at May 17, 2018 01:26 PM
- by Michael Paris
We follow orders, son. We follow orders or people die. It’s that simple. - Colonel Nathan R. Jessep, A Few Good Men While the consequences are not nearly as dire, debtors in bankruptcy proceedings and litigants in general would be well-advised to heed Colonel Jessep’s admonition. Such obvious lessons should go without saying. But occasionally, litigants and attorneys need a reminder.
- Posted at May 17, 2018 01:20 PM
- by Will Nystrom
New York financier Andrew Caspersen recently pled guilty to a scheme in which he defrauded investors – including close friends and family members – out of tens of millions of dollars. Caspersen’s pitch was that he had access to a “practically risk-free” investment in which loaned money would sit in a bank account as collateral for a credit facility. The investors would then receive quarterly interest payments of 15 to 20 percent in return. The supposed fund and investment were fake. Caspersen instead used “new” money to pay “old” investors, spent some of the money himself, and gambled away the rest of it. In its charging document the government alleged that Caspersen lost a staggering $108 million in stock option trading between February and March 2016.
- Posted at May 11, 2018 12:37 PM
- by Will Nystrom and Michael Paris
"I'm sure that many crypto offerings are simply Ponzi schemes.” These words from a cryptocurrency expert reverberated throughout a large meeting room at an alternative investment conference we attended recently. As lawyers who spent the last ten years zealously fighting to recover monies for victims of Ponzi schemes, this caught our attention. The comments from this crypto expert echoed sentiments that Warren Buffett expressed recently when he said: “Cryptocurrencies will come to a bad ending” largely because they “draw in a lot of charlatans.”
- Posted at June 09, 2017 11:16 AM
- by Dana Zakarian
NBP is pleased to announce that Dana Zakarian has been elected to the American Board of Trial Advocates. ABOTA is a national association of experienced trial lawyers and judges dedicated to the preservation and promotion of the civil jury trial right provided by the Seventh Amendment to the U.S. Constitution. Membership in ABOTA is by invitation only – – extended to attorneys with honorable reputations and significant jury trial experience. To learn more about ABOTA, please visit their website.