Natural Resource Law
Parr Brown Gee & Loveless today announced that shareholder Jonathan O. Hafen, the Court-appointed Receiver in the Rust Rare Coin Ponzi scheme, has made three initial distributions to victims totaling $23,273,521.88. For well over a decade, Gaylen Rust defrauded hundreds of victims by falsely claiming that he was operating a lucrative silver bullion trading program. Rust used the highly regarded Salt Lake City coin shop started by his father as a front for the fraud. Rust told prospective investors that all of the silver trades were conducted through a Rust Rare Coin account at HSBC Bank and that profits generated
By Braden W. Johnson There’s no way to avoid it: Corporate transactions require the sharing of documents and information. For prior generations of lawyers, this sharing could involve creating a “dataroom” – a physical space somewhere on the globe filled with items for disclosure. Parties would pilgrimage to these datarooms to perform due diligence for the transaction. When inside the dataroom, cameras and photocopies were typically banned, marking or highlighting documents was a serious offense, and cell-phones (to the extent they existed) were usually forbidden. Some dataroom parties were even asked to consent to a search or metal detector scan
An increasingly popular business trend right now is BYOD (bring your own device), where employees use their own smartphones, tablets, laptops and other devices at or for work. BYOD may have tremendous benefits, as it may increase efficiency by allowing companies to provide greater flexibility and anytime, anywhere access to company resources. Even if companies do not anticipate efficiencies from permitting the access of company resources with personal mobile devices, social pressures may force companies’ hands. A Fortinet survey of 4,000 workers from ages 20 to 29 found slightly more than half view it as their “right” to use their
Many private landowners are surprised to find they don’t own all of their property. This problem is often demonstrated in connection with oil and gas development activities. Some background. All privately owned land derives from initial public ownership. But the various laws under which public land is initially “privatized” can have drastic effects on landowners down the line, as can the language of prior deeds in the chain of title. Such effects are almost always permanent, and may not manifest themselves for decades. In Utah, perhaps 1/6 of the state consists of so-called “split estate” land, where the federal government
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