The most prominent tax characteristic of a partnership or LLC is that these entities are flow-through entities for tax purposes. Consequently, the entities do not pay taxes themselves. Rather, they report...
Hotel and hospitality acquisitions generally include additional operational concerns such as employee transitions, food and beverage operations, inventory, and guest baggage turnover, as well as franchise...
When drafting and negotiating an acquisition agreement, counsel should address potential issues arising from allegations of fraud to avoid potentially complex, time-consuming, and costly disputes after...
Understand the prescription drug discount program established under Public Health Service Act Section 340B. Read now » Related Content Life Sciences Post-Closing Price Reporting Covenant...
Do you need to understand how states are trying to protect employees from algorithmic and artificial intelligence (AI) discrimination? Read our newly published article, States Passing Laws to Prevent AI...
In Hughes v. Northwestern University, much was expected, and little delivered. Hughes was an "excessive fee" lawsuit for which the U.S. Supreme Court heard oral argument in December 2021 and delivered a January 2022 opinion. Hughes v. Northwestern Univ., 2022 U.S. LEXIS 622 (Jan. 24, 2022), rev’g Divane v. Northwestern Univ., 953 F.3d 980 (7th Cir. 2020). The Court ultimately vacated the Seventh Circuit’s decision to permit dismissal under Fed. R. Civ. Proc 12(b)(6), directing the lower court to reevaluate the allegations as a whole, considering whether petitioners (participants) had plausibly alleged a violation of the ERISA duty of prudence, as articulated in Tibble v. Edison Int'l, 575 U.S. 523 (2015), applying the pleading standards discussed in earlier decisions.
READ NOW »
Related Content
Practical Guidance Updates
Featuring the latest updates from your Practical Guidance account.
Experience results today with practical guidance, legal research, and data-driven insights—all in one place.Experience Lexis+