IBM likely candidate for $4.5 million state incentive

Thu, 04/17/2014 - 6:57am -- tim

by Hilary Niles When Governor Peter Shumlin on Monday announced a new scheme to induce a company in dire circumstances to stay in Vermont, he left little doubt that IBM would be a prime and likely candidate for the plan. He acknowledged as much Wednesday.

“I have read the same information that you have in the press about IBM,” Shumlin responded after a press conference.

Vermont attorney general opposes proposal to strip states of right to protect their citizens against toxic chemicals

Thu, 04/17/2014 - 3:20pm -- tim

Vermont Business Magazine The Vermont Attorney General and 12 other state attorneys general sent a letter today to the leaders of the U.S. House of Representatives Subcommittee on Environment and the Economy objecting to a provision in proposed legislation amending the federal Toxic Substances Control Act of 1976 (TSCA) that would strip states of the power to protect their citizens and the environment from dangerous chemicals.

Vermont federal court rules in favor of Vermont and against alleged patent troll in preliminary decision

Thu, 04/17/2014 - 2:07pm -- tim

by Walter Judge, Jr Vermont Attorney General William Sorrell has won a major victory in his groundbreaking effort to use state law to crack down on “patent trolls.” In State of Vermont v. MPHJ, LLC, the Vermont federal court has rejected the preliminary bid of MPHJ, an alleged “patent troll,” to avoid facing possible liability under Vermont consumer protection law.

Vermont’s new captive insurance legislation signed into law

Thu, 04/17/2014 - 1:08pm -- tim

Vermont Business Magazine Governor Peter Shumlin today signed new legislation passed in the State Legislature updating Vermont’s captive law, amending the reciprocal insurer section and creating a new “dormant” status for captives. The dormant status establishes an efficient mechanism for a captive that has ceased insurance operations to cost-effectively retain its license should it elect to resume operations in the future. The law takes effect immediately.