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Marital Interests in S-Corporations May Have Differing Value Image

Marital Interests in S-Corporations May Have Differing Value

Robert E. Schlegel & Bret Brewer

Matrimonial attorneys need to be aware that a shift in prevailing winds is occurring within the business appraisal profession concerning valuation of interests in "pass-through entities" (PTEs) such as S-Corporations and various forms of limited liability entities. Calculation of the fair market value of a closely held marital business interest could vary by as much as 67% if income taxes are considered or not considered under various methods. While the choice of methods and procedural analysis is the domain of your appraisal expert, knowledge of valuation alternatives will help you ensure that an appropriate analysis for your client is performed, and will assist you in impugning a less alert opposing expert during cross-examination. Be careful, however, because these "new analytics" are fact-sensitive and not universally applied (or misapplied) by business appraisers.

Features

Pennsylvania Supreme Court Orders Custodial Parent to Pay Child Support Image

Pennsylvania Supreme Court Orders Custodial Parent to Pay Child Support

Lynne Z. Gold-Bikin

In a case of first impression in Pennsylvania, the Supreme Court, the highest appellate court in the state, granted allocatur to consider whether a trial court may order a parent with primary custody of a child to pay child support to the non-custodial parent. Finding that in certain circumstances they may do so, the court has now ordered a custodial father to pay child support to the mother of his children, despite the fact they he has custody of them 73% of the time.

Features

Eating Preferences and Child Custody Disputes Image

Eating Preferences and Child Custody Disputes

Meredith Brennan

Can a parent's vegetarianism be a factor in custody disputes? Even if the diet is safe, is one parent bound by the other parent's decision to raise a child as a vegetarian? Could Dad be forced to cook "notdogs" during his weekends with the kids? Might Mom be forced to bake a "tofurkey" for Thanksgiving dinner on her alternate custody years? There have only been a handful of cases to address these issues, but with the swell of vegetarians in recent years, and particularly with the rise of vegetarianism among children and teenagers, the courts will soon be grappling with this issue.

Features

Recent Developments from Around the States Image

Recent Developments from Around the States

ALM Staff & Law Journal Newsletters

National rulings of interest to you and your practice.

Transgender and Title VII: Time to Change? Image

Transgender and Title VII: Time to Change?

Darrell R. VanDeusen

If you have practiced employment law for more than a decade, you probably assume that Title VII does not cover transsexuals, transvestites or other transgendered individuals. It's simple: A lot of cases have held that "sex" discrimination does not extend beyond traditional notions of "male" and "female." Besides, an individual's sexual orientation is not protected under Title VII, so why should the transgendered be protected? Such an assumption is no longer necessarily valid. There appears to be a growing trend toward recognizing a cause of action for sex discrimination under Title VII when a transgendered employee suffers an adverse employment action.

Features

National Litigation Hotline Image

National Litigation Hotline

ALM Staff & Law Journal Newsletters

Recent rulings you need to know.

The Pricelessness of Prevention Image

The Pricelessness of Prevention

Jonathan A. Segal

An employee who had never before complained about harassment quits and then files a sexual harassment constructive discharge claim with the EEOC. Can the employer prevail on the ground that the employee failed to take advantage of the employer's internal complaint procedure?

Sexual Harassment Litigation Image

Sexual Harassment Litigation

Dorothy K. Kagehiro

Sexual harassment in the workplace is a serious and costly problem for corporate employers as well. Based on reports by women, an estimated 40%-90% of working women have experienced on-the-job sexual harassment. The U.S. Equal Employment Opportunity Commission (EEOC) and state and local agencies have received over 14,000 sexual harassment charges every year since 1992. This article reviews the psychological research literature on the legal standard applied in sexual harassment cases and on the abuse defense sometimes used in those cases.

Eyes On Equality and Opportunity Image

Eyes On Equality and Opportunity

Cari M. Dominguez

This year, on the second of July, I had the privilege of joining President Bush at a White House ceremony in which he led our Nation's observances of the 40th anniversary of one of the most sweeping and influential pieces of legislation in our history: the Civil Rights Act of 1964. This is the Act which, for the first time in U.S. history, addressed discrimination in voting, education, public accommodations, federal programs and employment. This is also the Act that established the U.S. Equal Employment Opportunity Commission, which opened its doors exactly one year later. Thanks to this landmark piece of legislation, it became illegal under federal law to discriminate in employment on the bases of race, color, sex, national origin, and religion. Since that time, the Commission has played a pivotal and preeminent role in preventing and eradicating discrimination in the workplace. Passage of the Civil Rights Act was truly a historic feat, but one that did not come easily.

The Ties That Bind Image

The Ties That Bind

Katharine H. Parker & Jeremy Mittman

It's no secret that over the last decade, employees have been able to obtain large damages awards from employers in Title VII claims. Accusations of glass ceilings and racial and sexual harassment, for instance, are regularly splashed across headlines. Juries often see a sympathetic plaintiff and an employer with deep pockets. The prospect of a runaway jury is a prime motivation for employers to seek mandatory arbitration of these claims. Arbitration can in some cases reduce the costs of litigation, provide greater confidentiality, and provide a decision that is more predictable and less charged with emotion. There has been much controversy over so-called mandatory arbitration agreements, but a number of Supreme Court decisions in the last two decades have substantially refined the law in this area since the seminal case of <i>Alexander v. Gardner-Denver Co.</i>

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