Valuation discounts in estate planning has permitted the transfer of assets from one generation to another in an economically efficient manner. Two of the various discount methods claim lack of control (minority interest discount) and lack of marketability. The IRS has traditionally objected to these approaches in intra-family transfers, while Congress has attempted to legislate away these "loopholes" unsuccessfully and the Treasury Department is contemplating new regulations to accomplish this goal.
- November 30, 2015Lawrence L. Bell
A Fulton County, GA, court turned aside claims to millions of dollars by a former producer and business partner of Atlanta-based rapper Young Jeezy. The jurors found for the defense in a case in which the plaintiff claimed that his ownership interest in a music production company with Jeezy entitled him to half of the proceeds from the hip hop artist's record sales.
November 30, 2015Greg LandThe Cybersecurity Information Sharing Act (CISA) was passed by the Senate on Oct. 27, and while it still has a few hoops to jump through before it is enacted into law, the hotly debated proposed rules may considerably impact both those organizations holding sensitive data and the users to which that data belongs.
November 30, 2015Chris DiMarcoAnalysis of a ruling by the Second Circuit in which three insurance brokers were convicted for an elaborate defrauding scheme.
November 30, 2015ALM Staff | Law Journal Newsletters |It is no surprise that several states and a few cities are looking to tax cloud computing transactions given the increasing popularity of the cloud among businesses.
November 30, 2015Ed SilversteinSeveral new, highly publicized fraud enforcement initiatives of the DOJ are likely to impact the roles of the general counsel and chief compliance officer. Here's why.
November 30, 2015Michael W. PeregrineBillions of people use the Internet for work-related purposes. According to the Pew Research Center's Internet and American Life Project, the fastest growing demographic for Internet workers is people aged 45 to 54. This is the same age group that is most likely to engage in workplace injury litigation.
November 30, 2015Jonathan BickOn Sept. 7, 2015, President Barack Obama signed Executive Order No. 13706, which requires federal contractors to offer their employees working on federal contracts up to seven days of paid sick leave per year. The Executive Order will impact contracts entered into on or after Jan. 1, 2017.
November 30, 2015Michael J. Schrier and Matthew J. MeltzerBusinesses regularly lose precious data, sometimes even "the crown jewels," through trade secret theft by departing employees, unscrupulous contractors and others. Although trade secret theft is estimated to cause billions of dollars in damage every year, no federal civil claim for trade secret misappropriation currently exists. State laws govern these assets, and they are inconsistently applied. Relief may be in sight.
November 30, 2015Daniel T. McCloskeyThe Motion Picture Association of America (MPAA) recently announced that two major piracy websites, Popcorn Time and YTS, were shuttered following pro-MPAA court rulings in Canada and New Zealand.
November 30, 2015Zach Warren

