Stuart Newman published in the New York Business Law Journal
“Your client has a problem. He manufactures and installs heavy equipment for the power transmission industry. He has a fixed price contract to build, ship and install equipment to a Canadian power plant. The work at his factory was completed on time and on budget, but between the time of contract and delivery – which will require a caravan of ten tractor-trailers – the Department of Transportation issued new federal regulations governing maximum consecutive driving hours and minimum off-duty hour for long-haul drivers. As a result, shipping and delivery costs will be substantially higher, and due to a shortage of drivers, completion of delivery will take longer than specified in the contact. The client needs to re-negotiate shipping and delivery costs.”
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ABOUT STUART NEWMAN
Stuart B. Newman has been engaged in corporate and securities practice for over forty years, focusing on corporate law, private equity transactions, mergers and acquisitions and capital formation through public offerings and private placements.
Stuart studies his clients’ businesses thoroughly and has made valuable contributions on a broad range of business topics such as joint ventures, product development, finance, investment banking, marketing and personnel. He has served as a director on the boards of both publicly-traded and privately held companies, contributing his unique combination of business acumen and broad legal experience.
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Offit Kurman is one of the fastest-growing, full-service law firms in the mid-Atlantic region. With over 185 attorneys offering a comprehensive range of services in virtually every legal category, the firm is well positioned to meet the needs of dynamic businesses and the people who own and operate them. Our twelve offices serve individual and corporate clients along the I95 corridor in the Virginia, Washington, DC, Maryland, Delaware, Pennsylvania, New Jersey, and New York City regions. At Offit Kurman, we are our clients’ most trusted legal advisors, professionals who help maximize and protect business value and personal wealth. In every interaction, we consistently maintain our clients’ confidence by remaining focused on furthering their objectives and achieving their goals in an efficient manner. Trust, knowledge, confidence—in a partner, that’s perfect.
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