Pitfalls of State and Local Taxation
December 20, 2010
Most firms file their partnership income tax returns in their domiciliary state and maybe another state or two if they feel they enter the state enough to warrant filing. There are nonresident personal income tax filing requirements that come into play as well. Generally, that's the accepted state and local tax filing approach taken by many firms. Unfortunately, that's not the full spectrum of filings that must be considered in this new age of state and local taxation.
New Math for the Entire Market Value Rule
December 20, 2010
A recent order from the Eastern District of Texas shows that patentees may not be able to calculate damages under the entire market value rule using a simple (<i>market value base ' royalty rate</i>) formula. Such damages calculations may be excluded from trial, leaving the patentee seeking to recover a fraction of the original damages figure.
Quarterly State Compliance Review
December 20, 2010
This edition of the Quarterly State Compliance Review looks at some legislation of interest to corporate lawyers that recently went into effect. It also looks at some recent important cases, including a Delaware Supreme Court decision.
Getting the Most Out of Conference Attendance
November 29, 2010
Attending conferences has a dual benefit: learning or keeping updated in a substantive area or industry, and business development. Both are critical to a successful practice.
401(k) Plan Sponsors Targeted for ERISA Lawsuits
November 29, 2010
Law firms need to take a close look at who the fiduciaries are with respect to their 401(k)plan, and how the plan is being managed. This is particularly true in partnerships where one partner's conduct can result in liability for others.
Initiating Client Succession in Your Law Firm
November 29, 2010
Macro trends have placed an increasing number of firms in a position where urgent transition issues are now staring them in the face. In some cases, key plans are put on hold until critical succession and transition decisions can be sorted out.
Sugarland Suit Offers Look at Dynamics of Litigating Intra-Band Disputes
November 29, 2010
Fresh off their November 2010 win for Vocal Duo of the Year at the Country Music Awards in Nashville, Sugarland faced a far different contest in a federal courtroom in Atlanta, GA, in a fight stemming from a 2005 split with the band's founder and former member, Kristen Hall. The trial, if held following more than two years of litigation, could easily have been billed as the anatomy of a band breakup. Though fact-specific to Sugarland, Hall's suit raises issues that are relevant to all-too-common litigations over intra-band disputes.
Texas Rangers: A Big Changeup on Impairment?
November 26, 2010
The concept of "impairment" under a Chapter 11 plan has evolved since the Bankruptcy Code was enacted. A noteworthy step in that development was part of a ruling by the bankruptcy court overseeing the whirlwind Chapter 11 case of Major League Baseball's Texas Rangers.
