LJN Newsletters

  • IRS Modifies 'Use-It-Or-Lose-It' Rule For Section 125 Cafeteria Plans

    The Internal Revenue Service has modified the rule prohibiting deferred compensation under a Section 125 cafeteria plan to allow a grace period of up to 2.5 months after the end of the plan year to use the benefits or contributions before those amounts are forfeited under the "use-it-or-lose-it" rule. Notice 2005-42, 2005-23 I.R.B. 1 (May 18, 2005) (the Notice) permits a 2.5- month grace period during which additional expenses can be incurred and which will be reimbursed from contributions made in the plan year preceding the grace period. An employer may adopt a grace period for the current cafeteria plan year by amending the plan before the end of the current plan year.

    June 29, 2005Ruth Wimer and Alice Kurtz

  • Gephardt Joins DLA Piper

    DLA Piper Rudnick Gray Cary has netted former House Minority Leader Richard Gephardt (D-MO), who retired from Congress in January.

    June 29, 2005ALM Staff | Law Journal Newsletters |

  • Around the Firms

    Tax Shelter Suit Against Sidley Austin, Deutsche Bank May Proceed
    Brobeck Fight Turns to Venue Choice

    June 29, 2005Compiled from ALM Newswire

  • USERRA Explained

    What Is the Uniformed Services Employment and Reemployment Rights Act of 1994? The Uniformed Services Employment and Reemployment Rights Act of 1994 (USERRA)…

    June 29, 2005Marcia S. Wagner

  • How To Improve Firm Profitability

    Many lawyers measure their firm's profitability the way a company does ' as a percentage of sales. However, the correct way to measure the profitability of a law firm, whether it is a partnership or a professional corporation, is the net income per equity partner (NI/EP) (or shareholder).

    June 29, 2005Robert W. Denney

  • Decision of Note: Madonna Bodyguard Loses Libel Suit Over Photo Caption

    The U.S. Court of Appeals for the First Circuit upheld the dismissal of a defamation suit by a former bodyguard of the musical artist Madonna who sued over a photograph of a gay man mistakenly captioned with the name of the bodyguard in a book about Madonna.

    June 29, 2005ALM Staff | Law Journal Newsletters |

  • Clause & Effect

    Film Release/Approvals
    Production Projects/Agreements In Principle

    June 29, 2005ALM Staff | Law Journal Newsletters |

  • Cameo Clips

    Recent cases in entertainment law.

    June 29, 2005ALM Staff | Law Journal Newsletters |

  • A Primer on Protecting Investments In Motion-Picture Productions

    If not for the infusion of private capital, many independent films ' generally films produced outside the traditional studio system ' would probably never have been made. That's because banks are unlikely to loan money for such an uncertain and risky venture ' the success of which is greatly dependent on the fickle nature of audiences. But most independent film investors are either unaware of, or pay little attention to, the realities of the theatrical film market. Given the limited potential for widespread independent film success and other inherent investment risks, an entertainment attorney must be diligent and proactive to fully protect a client's film investment.

    June 29, 2005Sean F. Kane