News

Standard Chartered To Pay $300M To Settle AML Charges in New York

By EsqSocial Corporation 25/08/14

For the second time in two years, Benjamin Lawsky, the Superintendent of the New York State Department of Financial Services (DFS), has settled another matter with Standard Chartered Bank for alleged “anti-money laundering compliance problems.” The...

Winning Isn’t Everything: Insurer’s Arbitration Success Does Not Prevent Claim for Bad Faith Failure to Settle

By EsqSocial Corporation 25/08/14

After he was rear-ended by a driver without insurance, the plaintiff in Maslo v. Ameriprise Auto & Home Insurance, No. B249271 (Cal. App. Ct. June 27, 2014) incurred $64,000 in medical expenses, but he filed a claim with his own insurer for the...

Pennsylvania Public Utilities Commission Appeals Act 13 Ruling to State Supreme Court

By EsqSocial Corporation 25/08/14

The Pennsylvania Public Utilities Commission (PPUC) is asking the state Supreme Court to review a July ruling by the Pennsylvania Commonwealth Court that strips PPUC of its authority to review and approve local drilling ordinances....

Do you want your under 13 kid to have a Gmail or YouTube account? Google does…..

By EsqSocial Corporation 25/08/14

According to recent media reports, Google is allegedly designing a Google account for children under 13 which would permit children in this age group to officially create their own Gmail account and to access a kid-friendly version of YouTube....

Racquet Club Argues For Lower Land Assessments That “Felt Right,” Loses Indiana Property Tax Appeals In Straight Sets

By EsqSocial Corporation 25/08/14

On August 21, 2014, the Indiana Tax Court in Indianapolis Racquet Club, Inc. v. Marion County Assessor, Cause No. 49T10-1201-TA-1, affirmed the 2002 assessment of a tennis club situated on three contiguous parcels and comprised of indoor and outdoor...

If I Had a Hammer – A Creative Method for Repatriating Offshore Corporate Profits

By EsqSocial Corporation 25/08/14

In this era of corporate inversions, there seems to be a lot of mud-slinging going around. Congress and the current Presidential administration would like to label large multi-national corporations as traitors. Somewhere along the line, the people in...

The BEPS Initiative: Redefining International Tax Planning?

By EsqSocial Corporation 25/08/14

Technology companies frequently possess an international tax footprint before expanding their domestic tax footprint. That may soon change as the Organisation for Economic Cooperation and Development (OECD) and its G20 member countries undertake an...

August 2014: Insurance Litigation Update

By EsqSocial Corporation 25/08/14

No Longer on the Hook for Indemnity: NY Court of Appeals Reverses Decision That Held Insurers Liable to Indemnify Where They Wrongly Refused to Defend a Claim. In a decision last year in K2 Investment Group, LLC v. American Guarantee & Liability...

There’s One For You, Nineteen For Me – Ideas For The Better Investment Of State & Local Taxes In Indiana

By EsqSocial Corporation 25/08/14

The business personal property tax, which raises about a billion dollars annually for local government, should be eliminated to spur job creating investments in our communities and it should be replaced by the existing corporate income tax, which...

Court Broadens Confidentiality of Investigations - D.C. Circuit extends privilege in internal corporate probes, but inconsistent rulings remain

By EsqSocial Corporation 25/08/14

You are counsel to a government contractor that is conducting an internal investigation into possible fraud. Federal mandatory disclosure obligations require an investigation, as does the need to gather facts to seek legal advice. Is the...

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