For just the second time in the past ten years, on December 14, 2016, the Federal Reserve increased its key interest rate by 0.25 percent, and it appears poised to do so several more times this year. Many are wondering if there are steps to be taken regarding their estate […]
The Closer – M&A, Securities & Corporate Counsel
Optical Disk Drive Antitrust Settlement
If you purchased a desktop or laptop computer with a DVD or CD drive during the period of April 2003 to December 2008 then you may be eligible for an award under the Optical Disk Drive Antitrust settlement. This settlement is the second of two which have been entered into […]
Nebraska’s New Exemption for Advisors to Private Funds
In May 2016, the Nebraska Department of Banking & Finance (the “Department”) adopted a new rule (the “Rule”) for private fund advisers, permitting certain fund advisers to be excluded from the definition of “investment adviser” under the Securities Act of Nebraska (the “Act”). Generally, under the Act, it is unlawful […]
Cause-Related Marketing: Doing Good Has Legal Strings Attached
Cause-related marketing is nothing new. Most consider the cause-related marketing program by American Express to be the forefront of this “win-win” money-raising structure. In 1983, American Express offered to its customer to donate a penny for every American Express card transaction and to donate a dollar for every new card […]
Proposed Changes to IRS Valuation Rules would adversely affect Gift and Estate Planning Strategies
The Proposed Regulations in a Nutshell. In August, the IRS issued complex, proposed regulations that would change the way we value closely held business interests for estate, gift, and generation-skipping transfer tax purposes. Section 2704 of the Internal Revenue Code has long instructed that certain restrictions found in the governing […]