Upon further review by the Supreme Judicial Court (SJC), the court found that a liquidated damages clause in a commercial lease that entitled a landlord to nearly five years of rent payments after a tenant’s breach of the lease was enforceable as liquidated damages...
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Massachusetts Fiduciary Duty Rule Applies to Both Investment Advisors and Broker-Dealers
The Massachusetts Supreme Judicial Court (SJC) has extended the state’s fiduciary duty rule that applies to investment advisors to also cover broker-dealers that operate within the Commonwealth of Massachusetts. In Robinhood Financial LLC vs. Secretary of the...
New Law in MA Increases Estate Tax Threshold
On Wednesday October 4, 2023, Massachusetts Governor Maura Healey signed into Law the Act to Improve the Commonwealth’s Competitiveness, Affordability and Equity. Included in this law was doubling the Massachusetts estate tax filing threshold from $1,000,000 to...
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