News

Just days apart, Wells Fargo and Citibank released their commentary on the financial performance of the Am Law 200 law firms. The news was not pretty. Characterizations like “underproductivity” and “anemic” and “margins squeezed” littered the two reports.

Effective December 31, 2013, a parent can transfer residential real estate located in Michigan to his or her child without uncapping the taxable value of the property if the child continues to use the property for residential purposes. Subject to...

Since his lawyer didn't put him on the stand, present any other witnesses or make a closing argument in a monthlong Ohio criminal trial concerning a $100 million veterans charity, it was perhaps not surprising that the defendant, a long-ago graduate of Harvard Law School, was found guilty on Thur

This update is intended as a general overview, targeted specifically at claims officers and underwriters of insurers of professionals required to comply with the Future of Financial Advice (FOFA) reforms. WHAT IS IT? Opt-in and fee disclosure...

Claims by employees "blowing the whistle" on their employer are on the rise in today's workplace. Will you be ready when the whistle is blown on your company?...
By: Akerman LLP - HR Defense

In this Episode 23 of the FCPA Compliance and Ethics Report, I visit with Jay Rosen, Vice President at Merrill Brink on the importance of translations in your anti-corruption compliance program. Jay explains what a translation protocol is and how...

On November 6, the Philadelphia Inquirer reported that a final settlement to resolve the underlying claims at issue in Township of Mount Holly v. Mt. Holly Gardens Citizens in Action, Inc., No. 11-1507 — an appeal currently pending before the U.S....

Jackson Five Star Catering, Inc. v. John R. Beason and Tax Connection Worldwide, LLC, No. 10-10010, 2013 WL 5966340 (E.D. Mich. Nov. 8, 2013) - Pending before the Court were several motions, including Defendant business owner’s motion for summary...

A regular part of planning for high net worth families are dynasty trusts – long term multi-generational trusts that are exempt from generation skipping tax. The trusts are more attractive than ever, with expanded generation skipping tax exemptions...

As reported by the Washington Post, President Obama is expected to sign a bill into law encouraging states to require schools to take greater efforts to protect students with food allergies. The bipartisan bill was proposed by Illinois Senators Dick...

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