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Easing the Burden on IRA Estate Taxes
Case law supports the application of valuation discounting to Individual Retirement Accounts, should such a case be presented to the Tax Court. But unless and until the Tax Court allows such a discount, it is likely that the Internal Revenue Service will challenge any attempt to take it on an audited estate tax return.Pillsbury Scores an IPO After Adopting an Orphaned Client
An orphaned client of Brobeck, Phleger & Harrison yielded an initial public offering for Pillsbury Winthrop. The firm represented Synnex Corp. in its $51.8 million IPO, which closed Dec. 1. Unlike most tech IPOs, which are listed on the NASDAQ, Synnex will be traded on the New York Stock Exchange. It marked the first time Jorge del Calvo, a partner in Pillsbury's Palo Alto office, has taken a tech company public on the NYSE.Aluminum giant Alcoa has had enough of waiting to defend itself against sensational bribery claims by a Bahraini rival while the DOJ and SEC build their own cases against the company. On Thursday Cravath's Evan Chesler travelled to Pittsburgh to make Alcoa's case for lifting a three-year-old stay in the civil suit so that it can seek dismissal, but federal prosecutors countered that allowing the case to proceed could threaten the government's investigation.
The trail of a buttery flavor, sick workers, lawsuits - and a painful legacy
AP - Each morning, Eric Peoples sits up in bed and starts his day with a cough. A deep, long, hacking cough.He plants his feet on the bedroom floor and immediately feels as if someone is standing on his chest. That's a good day. When it gets really bad, it seems as though a giant creature is crushing his lungs, squeezing the breath out of him.Federal Advisory Jury Declines to Find Gun Industry Liable
Gun dealers and manufacturers earned a major victory Wednesday when a federal advisory jury in New York refused to hold them liable for the trade in illegal guns that are used in violent crimes against urban blacks. A judge is now expected to issue a ruling that will embrace the verdict. The NAACP-led suit had sought to prove that the gun industry's negligence or willful ignorance resulted in illegal weapons flooding U.S. cities.Trending Stories
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