Unanimous Supreme Court Sides with IRS that a Corporation’s Redemption Obligation Is Not a Liability That Offsets the Value of Life Insurance Owned by the Corporation

Unanimous Supreme Court Sides with IRS that a Corporation’s Redemption Obligation Is Not a Liability That Offsets the Value of Life Insurance Owned by the Corporation

The Supreme Court resolved unanimously a common estate tax issue for many closely-held companies. The issue in Connelly v. United States was “whether the corporation’s obligation to redeem [a deceased shareholder’s shares] was a liability that decreased the value of those shares.” The court concluded it was not. Family-owned companies will often purchase life insurance […]

Recent D&O Claims Developments

Recent D&O Claims Developments

The D&O claims environment is now in an unusually uncertain state. A fragile U.S. economy, a struggling global economy, high inflation and interest rates, a tight labor market, the collapse of several large crypto firms, and unpredictable fuel costs will likely create a material increase in D&O claims activity in a wide variety of industries. […]

Insurance Issues Arising After Mass Shooting Occurrences

Insurance Issues Arising After Mass Shooting Occurrences

There is no question that mass shooting incidents in this country are unfortunately continuing at a staggering pace. As of April 29, the crowd-sourced “Mass Shooting Tracker” project, which considers a mass shooting to include a single incident in which four or more people are shot in any incident, lists 163 incidents that fit this […]

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Unanimous Supreme Court Sides with IRS that a Corporation’s Redemption Obligation Is Not a Liability That Offsets the Value of Life Insurance Owned by the Corporation

The Supreme Court resolved unanimously a common estate tax issue for many closely-held companies. The issue in Connelly v. United States was “whether the corporation’s obligation to redeem [a deceased shareholder’s shares] was a liability that decreased the value of... Read More

Recent D&O Claims Developments

The D&O claims environment is now in an unusually uncertain state. A fragile U.S. economy, a struggling global economy, high inflation and interest rates, a tight labor market, the collapse of several large crypto firms, and unpredictable fuel costs will... Read More

Insurance Issues Arising After Mass Shooting Occurrences

There is no question that mass shooting incidents in this country are unfortunately continuing at a staggering pace. As of April 29, the crowd-sourced "Mass Shooting Tracker" project, which considers a mass shooting to include a single incident in which... Read More

Addressing the Rebound in the IPO Market for Private Equity

IPO activity reached a fever pitch in 2021 but slowed dramatically in 2022 and 2023. Yet, a growing chorus of capital markets and private equity experts is now predicting a resurgence of IPOs, and particularly private equity-backed IPOs. Indeed, according... Read More

John Marsh Addresses Avoiding Costly Litigation in Latest Blog Post:

Another Idea for Improving the Defend Trade Secrets Act: Providing an "Off Ramp" to the Plaintiff Who Wants to Avoid a Costly Litigation In a post last year, I proposed a solution for a recurring problem in trade secret litigation–namely,... Read More

Elan Kandel and James Talbert featured in the latest PLUS Podcast: What’s Ahead in the World of Private Company Claims?

Tune in for the full podcast here: PLUS Podcast: What's Ahead in the World of Private Company Claims? - PLUS Blog Read More

Deadline to Challenge Property Tax Valuations Looms

The April 1st deadline to file property tax challenges is rapidly approaching. Recent tax years have seen historically large property value increases. So, it is more important than ever to ensure your property is appropriately valued. And, because so many... Read More

Elan Kandel and James Talbert Featured in the D&O Diary’s 2023 Year in Review

Year in Review: 2023 Key Management and Professional Liabilty Insurance Coverage Decisions. The past year was marked by several pivotal insurance coverage decisions that cast fresh light on new and longstanding coverage issues facing management and professional liability insurers and... Read More

Ringing in 2024 with the Highest-Ever Exemption for Gift and Estate Taxes

For 2024, the IRS announced increased exemption amounts for gift, estate, and generation-skipping transfer taxes. Because of inflation, these increases are significant and offer tremendous wealth transfer planning opportunities. Gift Tax: The gift tax annual exclusion will increase in 2024... Read More

Ohio’s Supreme Court Ducks the Question of Whether “Mere Confidential Information” Is Protectable

A debate is growing within the trade secret community about the scope of information that should be protected–specifically, confidential information that does not rise to the level of a trade secret. This debate is largely between employers and their counsel... Read More

New Year, New Reporting: Navigating the Corporate Transparency Act Requirements for your Trusts & Business

Following the enactment of the Corporate Transparency Act, the Financial Crimes Enforcement Network (FinCEN) issued a final rule requiring “reporting companies” to report information about their “beneficial owners” and “company applicants.” This new reporting requirement will take effect on January... Read More

Dividend Recaps: Potential Risks for Private Equity Firms and Their Insurers

Bailey Cavalieri’s own Elan Kandel and James Talbert in collaboration with Sarah Abrams of Bowhead Specialty Underwriters, Inc., have co-authored an insightful piece on dividend recapitalization for the D&O Diary with Kevin M. LaCroix, attorney and Executive Vice President, RT... Read More

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