Recently, Golden State Bridge, Inc. was attacked by spyware designed to steal the construction company’s banking credentials.  Within hours, hackers created fraudulent payroll transactions totaling more than $750,000.  Fortunately, Golden State Bridge’s security team caught the breaches early and prevented much of the loss.  In addition, the company’s cybersecurity insurance coverage compensated it for losses that it was not able to prevent.   

On October 1, 2010, the Maryland Benefit Corporation Act – the first law of its kind in the United States – went into effect. The Act creates the "benefit corporation," a new corporate form that unites two formerly incompatible concepts: making a profit and advancing social and environmental goals. Benefit corporations can focus on the so-called "triple bottom line" of people, planet, and profit.

Your corporate headquarters is in Maryland; you have another location in Northern Virginia.  Are your non-compete agreements written according to Maryland law or Virginia law?  If you said Maryland, read "Competition Challenges" to find out why Virginia law may also matter.  Inside Counsel contacted our own Melissa Jones when writing this story, and she shares her experiences with them.