Insights
In the context of construction defect claims, a perennial dispute between commercial general liability, or CGL, carriers and policyholders concerns coverage for liability arising from potential or threatened property damage. Commonly, this dispute arises when an insured's faulty work jeopardizes... Read More
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
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
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
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
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
Tune in for the full podcast here: PLUS Podcast: What's Ahead in the World of Private Company Claims? - PLUS Blog Read More
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
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
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
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
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