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New York Law Journal

Determining Ownership in Multiple-Grantor Trusts

Given the tax policy justifications for the grantor trust rules and based on analogous case precedent, we discuss the rationale for using the specific property approach for sequestered, traceable assets and the fractional approach for commingled assets.
8 minute read

New York Law Journal

Trustee Compliance With the Corporate Transparency Act

Under the Corporate Transparency Act (CTA), every "reporting company" must file a "beneficial ownership interest report" (a BOI report) by Jan. 1, 2025 (or, if formed during 2024, within 90 days of formation). In general, every domestic entity and every foreign entity registered to do business in the United States is a reporting company, unless the entity qualifies for exemption.
9 minute read

Daily Report Online

Navigating the Current State of Syndicated Conservation Easements: A Guide for Investors

Engaging independent legal counsel, considering Section 6603 deposits and addressing potential Georgia tax liabilities through the Voluntary Disclosure Program are crucial steps in mitigating risks and securing favorable outcomes.
7 minute read

Legaltech News

Personal Injury Startup Supio Announces $25 million Series A Investment

With the goal of making data extraction easier for personal injury lawyers and firms, Supio plans to use the investment to grow its team of software engineers.
3 minute read

The Legal Intelligencer

Update for Inherited IRAs: Final Regulations Are Here

Starting in 2025, under the final regulations just issued by the IRS in July, the views of the commentators advocating a more taxpayer friendly statutory interpretation have been disregarded, and annual distributions will now be required, based on the longer of the life expectancy of the beneficiary or the decedent.
5 minute read

New York Law Journal

'Lifeline' for Fraud?: Chinese Lender Accused in Lawsuit by Quinn Emanuel Lawyers of Facilitating Fintech Scheme

The $140 million lawsuit accuses Chinese Construction Bank Corp. and related entities of issuing the "lion's share" of phony letters of credit that facilitated Vesttoo's alleged multibillion-dollar fraud.
3 minute read

The Legal Intelligencer

Stradley Ronon Bolsters Investment Management Practice With Vanguard Hire

Former Vanguard associate general counsel Brian Murphy most recently headed the investment giant's enterprise growth legal team.
4 minute read

Corporate Counsel

SEC Fines Carl Icahn $2M, Signaling Scrutiny of Margin Loan Disclosures

The agency says the longtime activist investor failed to disclose that he and his company pledged billions of dollars in stock as collateral on margin loans.
2 minute read

Law.com

Federal Judge Awards $1M to Plaintiff's Counsel Following a No Payment Shareholder Derivative Settlement

The plaintiff noted the substantial benefits of the reforms, which included the creation of a new audit committee and an independent director position to sit on the board, among others.
5 minute read

Corporate Counsel

Financial Firms Hit With Another $470M in 'Off-Channel' Communications Fines

The 3-year-old crackdown now has yielded more than $3 billion in penalties, and regulators show no signs of letting up.
2 minute read

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