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15 Sep 2023, 4:00 am by Jim Sedor
National/Federal Former FTX Crypto Executive Pleads Guilty to Making Millions in Illegal Campaign Contributions Associated Press News – Jake Offenhartz | Published: 9/7/2023 A former top executive at the failed FTX cryptocurrency exchange pleaded guilty to making tens of millions of dollars in illegal campaign contributions and engaging in a criminal conspiracy to operate an unlicensed money transfer business. [read post]
5 Sep 2023, 1:57 pm by Dennis Crouch
Ct. for D.C., 542 U.S. 367 (2004). [read post]
5 Sep 2023, 4:21 am by Peter J. Sluka
., Chanos v Chanos, No. 655404/2020 [Sup Ct, New York County 2022] [dismissing accounting claim because “where resolution of the claims for breach of the LLC Agreement will adequately establish the amount allegedly owed to plaintiff, an accounting is completely unnecessary”]). [read post]
3 Sep 2023, 4:05 pm by Russell Knight
An expert may testify to 4% or 5% return from AAA corporate or treasury rate or an 8-9-10% bank loan, collateralized loan obligation or other preferred equity rate. [read post]
28 Aug 2023, 4:59 am by Franklin C. McRoberts
Matter of Hersh, 102 AD3d 871 [2d Dept 2013] [affirming denial of dismissal of petition for corporate dissolution under Section 1104-a of the Business Corporation Law]). [read post]
27 Aug 2023, 3:56 pm by Andrew Warren
On August 14, 2023, a Fulton County, Georgia grand jury returned a 41-count indictment against former President Donald Trump and eighteen other individuals for a conspiracy to overturn the legitimate 2020 presidential election results in that state. [read post]
20 Aug 2023, 9:01 pm by renholding
Sometimes, the corporation made no public statement about the specifics of the underlying event before it transpired, but plaintiffs nonetheless assert that general statements—such as statements about corporate policies or business risks—propped up the share price until the negative event revealed those statements to be false. [read post]
16 Aug 2023, 4:00 am by Howard Friedman
Ct., Aug. 14, 2023), the Maryland Supreme Court, responding to certified questions from a federal district court, refused in interpreting state law to follow the analogous holding of the U.S. [read post]
14 Aug 2023, 4:34 am by Peter J. Sluka
With that appetite in mind, I’m delighted to blog about a recent decision from New York County Commercial Division Justice Jennifer Schecter, Rosenthal v Erber, No. 650771/2021 (Sup Ct, NY County 2023). [read post]
11 Aug 2023, 7:49 am by Pillsbury SALT
Yours, Mine and Ours: Intercompany Transactions and Transfer PricingTuesday, October 24, 2023 3:30 pm – 4:30 pm CT (Evan Hamme panel) Many of today’s businesses exist in complex groups of corporate entities that resulted from decades of economic growth and mergers and acquisitions. [read post]
7 Aug 2023, 4:40 am by Franklin C. McRoberts
” Third, the Court held: [T]he court cannot determine as a matter of law that it was improper for Kessler to counterclaim against Pascal individually, particularly because JJS is a closely held corporation and its interests are tied closely with Pascal’s own interests (see Conant v Schnall, 33 AD2d 326, 328 [3d Dept 1970] [citing general rule that a ‘shareholder bringing a derivative action is not subject to counterclaims against him individually’ but then finding… [read post]
6 Aug 2023, 5:40 am by Joel R. Brandes
  Specifically, the Age 29 Law “expands access to health insurance through a COBRA-like benefit for young adults by requiring commercial insurers, non-profit corporations, and HMOs to offer an option to continue coverage for unmarried young adults through age 29, regardless of financial dependence, under a parent’s group health insurance policy. [read post]
31 Jul 2023, 4:03 am by Peter Mahler
The case involves the ownership of several corporations by three brothers, two of whom denied the petitioning third brother’s ownership even though in certain years they filed corporate tax returns with K-1s identifying him as a shareholder. [read post]
29 Jul 2023, 11:24 am by Gene Takagi
New Form CT-TR-1 Filing Requirement for Charities Effective February 1, 2020, the Attorney General’s Registry of Charitable Trusts requires certain registrants to file the new annual treasurer’s report Form CT-TR-1 along with Form RRF-1. [read post]