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Tax Issues for Real Estate Leasing by Tax-Exempt Organizations
July 28, 2009
The article herein examines the issues involved when a tax-exempt organization owns a tract of vacant land that it wishes to develop and lease, so as to realize a stream of income from the land greater than would be realized by a simple sale or lease of the unimproved property.
Business Crimes Hotline
July 28, 2009
Recent rulings of interest to you and your practice.
In the Courts
July 28, 2009
A review of recent notable cases.
Panel Rejects Bids to Kill Settlement
July 28, 2009
The federal appeals court in Atlanta has rejected objections to the settlement of a securities fraud suit against HealthSouth. <i>In re: HealthSouth Corporation Securities Litigation</i>, Nos. 07-10701 and 07-11908.
Who's Your Client?
July 28, 2009
A federal judge recently concluded in a widely reported option backdating case that the California law firm Irell &amp; Manella had "compromised ' important principles" involving the "fair administration of justice."
Bail for White-Collar Defendants
July 28, 2009
The Madoff detention litigation has revived longstanding questions about whether pretrial detention can ever be based solely on economic dangerousness. This article discusses the issue in depth.
In the Marketplace
July 28, 2009
Highlights of the latest equipment leasing news from around the country.
Construction Equipment and Machine Tool Repossessions
July 28, 2009
The most recent results of Nassau Asset Management's NasTrac Quarterly Index show that the company's level of repossession and liquidation activity for the first quarter has risen significantly over the past year in the construction equipment and machine tool categories, while also showing continued high activity in trucking.
On the Move
July 28, 2009
Who's doing what; who's going where.
Secured Lenders' Right to Full Payment
July 28, 2009
The U.S. Court of Appeals for the Seventh Circuit held on May 5, 2009, that two secured lenders were fully secured, "entitled to a full recovery" from the debtor despite the bankruptcy court's improper valuation of the collateral (improved airport terminal space) securing the lenders' underlying $60 million loan. <i>In re United Air Lines, Inc.</i>

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