Over the past several weeks, the Federal Deposit Insurance Corporation (“FDIC”) has issued a spate of cease and desist letters targeted to fintech companies over what the FDIC believes are false and/or misleading statements and assertions as to the insured status or coverage of the fintechs’ products. The targeted companies […]
Publications
Supreme Court Holds Andy Warhol Illustrations are Not Fair Use and Constitute Copyright Infringement
On May 18, 2023, the United States Supreme Court held that portraits of the late musician, Prince, by Andy Warhol did not constitute “fair use” under copyright law and instead infringed on the original copyrighted photograph taken by Lynn Goldsmith. The 7-2 decision in Andy Warhol Foundation for Visual Arts, […]
Equity Compensation as a Tool for Retaining Key Talent: Tax Considerations
Due to recent trends in the labor market, interest in offering equity compensation as a way to compete for and retain talent has grown quickly. Equity compensation is a payment in company equity typically granted to key employees and can act as a beneficial tool for companies looking to attract, […]
Taking Advantage of the Section 1202 Gain Exclusion
While the sale of a business can result in a healthy lump sum for successful founders and their shareholders, the sale often results in recognition of gain, which is subject to taxation. The potential tax liability on gain recognition is where Section 1202 steps in as a beneficial tax planning […]
A Long, Hard Road—Nebraska State Legislative Tax Update
Nebraska’s 2023 Legislative Session—Slow Going The 2023 Nebraska Unicameral Legislative Session attracted national attention on more than one occasion due to controversial bills, debates, and comments from senators. One senator’s statement that she would “burn the session to the ground”[1] over a controversial bill foretold of difficulties to come. Though […]

