This ruling should serve as a warning that bankruptcy is not a surefire recipe to avoid class treatment, and will serve as an arrow in the quiver of the class action plaintiffs' bar to the extent their cases are pulled into the bankruptcy realm.

New Federal Election Commission ("FEC") rules will soon require federal candidates, leadership PACs, and party committees to disclose contributions that are "bundled" by individuals or entities required to register under the Lobbying Disclosure Act ("LDA").

On March 5, 2018, the Supreme Court issued a unanimous decision in U.S. Bank National Ass'n ex rel. CWCapital Asset Management LLC v. Village at Lakeridge, LLC, holding that bankruptcy court determinations ...

The Bankruptcy Code provides bankruptcy trustees, debtors, and creditor committees with "avoidance powers" that allow them to set aside and recover certain transfers that a debtor made before filing for bankruptcy.

One key component of the OECD's Pillar One proposal to reallocate taxing rights from producer to consumer nations is the promise that businesses and governments...

The Federal Election Commission indicated in a Federal Register notice published this morning that it has updated federal contribution limits for the 2015-2016 election cycle.

Six years after its enactment in 2004, section 409A of the Internal Revenue Code, 26 U.S.C. § 409A, has developed to be almost everything a tax statute should not be.

On March 19, 2013, a unanimous Supreme Court rejected the idea that a stipulation by a class action plaintiff, prior to certification, that he and the class would not seek damages that exceed $5 million in total, removes a case from the scope of The Class Action Fairness Act of 2005 ("CAFA").

A discussion on the Treasury Department and the IRS's annually released "business plan" through which they indicate their priorities for guidance.

Recent caselaw demonstrates that there is a current judicial disagreement over whether the Bankruptcy Code will permit a cramdown in a jointly-administered bankruptcy case...

The rules that govern a taxpayer's obligation to file a tax return and pay taxes in the United States - principally the U.S. Internal Revenue Code of 1986, as amended (the "Code"), and the Treasury regulations and administrative practices and procedures thereunder – are exceedingly complex.

Late last week, the U.S. Senate overwhelmingly passed by a 96-3 margin the Stop Trading on Congressional Knowledge Act (the "STOCK Act").

The parties have jointly moved for a deadline of March 8, 2018 to file for review by the full Ninth Circuit.

On October 27, 2005, the Internal Revenue Service (IRS) announced a new settlement initiative that provides a limited-in-time opportunity for taxpayers to come forward and settle disputes with the IRS over transactions that the IRS considers abusive. The settlement offer (described in Announcement 2005-80, 2005-46 IRB 1) applies to 21 specific kinds of transactions. A taxpayer that wishes to participate in this new settlement initiative must file an Election Form with the IRS by no later th

On August 31, 2012, the Supreme Court granted a petition for a writ of certiorari in the Standard Fire Insurance Co. v. Knowles case ("Knowles"), where the Court may interpret the boundaries of the Class Action Fairness Act of 2005 ("CAFA"), 28 U.S.C. § 1332(d).

The Third Circuit delivered a stern admonition about the risk of failing to appeal when it ruled that a union that had not filed a notice of appeal could not benefit from a successful appeal.

The IRS has issued guidance endorsing a muscular approach to the application of "periodic adjustments" provisions. Those provisions authorize IRS adjustments of a taxpayer's pricing for transfers of high-value intangibles, including platform contribution transactions, for taxable years after the year of transfer, based on the actual, realized profitability of those intangibles in those later years

The vast scope of the Patient Protection and Affordable Care Act and the related Health Care and Education Reconciliation Act enacted in March 2010 (collectively, "PPACA") has captured widespread attention with an array of new obligations and opportunities.

The United States Court of Appeals for the Sixth Circuit recently examined and then clarified and set forth the test for evaluating the appealability of bankruptcy orders in an opinion released in the case Ritzen Group v. Jackson Masonry.

Chapter 15 embodies the modified universalist approach and the related doctrine of international comity.