News & Analysis as of

Termination Shareholders

Foster Garvey PC

A Journey Through Subchapter S / A Review of The Not So Obvious & The Many Traps That Exist For The Unwary: Part VIII –...

Foster Garvey PC on

In the S corporation arena, tax advisors and taxpayers generally do not focus a lot of attention on the S corporation shareholder eligibility rules other than at the time the S election is made. As we dive into shareholder...more

Snell & Wilmer

Navigating Sovereign Immunity in Employment Termination Case

Snell & Wilmer on

In the recent Arizona federal court case, Xia v. Harrah’s Arizona Corp., five individuals, Jie Xia, Necy Sundquist, Mary Grace Abon, Susan Samons, and Maria Henry (Plaintiffs), brought wrongful termination, discrimination,...more

Foley & Lardner LLP

Navigating Board Turbulence: Lessons From OpenAI

Foley & Lardner LLP on

OpenAI, the high-flying developer of the groundbreaking ChatGPT AI chatbot and its associated foundational large language models, recently made headlines that set the corporate governance world abuzz. On a quiet Friday in...more

Holland & Knight LLP

Indiana Court Holds that Marketability and Control Discounts Cannot Apply in Minority-to-Majority Sale

Holland & Knight LLP on

The Foregoing - In March 2018, Blake B. Hartman, a founder of BigInch Fabricators & Construction Holding Company, was involuntarily terminated as an director and officer. The involuntary termination triggered the...more

Holland & Knight LLP

Termination of Employment Versus Breach of Duty - Current Issues in Closely Held Businesses Series: Part 2

Holland & Knight LLP on

Was the removal of an shareholder-employee as an officer an employment claim or a breach of duty and shareholder oppression? When disputes develop and interests among owners diverge, a shareholder-employee may have his...more

Orrick, Herrington & Sutcliffe LLP

What's New in Corporate Governance and Securities Law - October 18, 2019

Corporate Governance and Securities Law Developments - Directors Can Be Held Liable for Failure to Oversee “Mission Critical” Regulatory Compliance - On October 1, the Delaware Court of Chancery refused to dismiss a...more

Foster Garvey PC

Decoding the Tax Cuts and Jobs Act – Part V: Changes to IRC §163(j) and the Business Interest Deduction Rules

Foster Garvey PC on

“Neither a borrower nor a lender be...” or at least, if you insist on borrowing (and we understand the appeal), we are here to help you stay abreast of the new rules on deducting interest. BACKGROUND/PRIOR LAW - Interest...more

McDermott Will & Emery

UK Employment Law Developments – 2013 Looking Back and 2014 Looking Forwards

McDermott Will & Emery on

2013 saw a raft of changes to UK employment law and there are likely to be more in 2014. In this Employment Alert, we recap some of the key changes that happened in 2013 and look ahead at what to expect in 2014....more

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