Transactions involving the disposition of partnership property or partnership interests can trigger rules that limit business interest expense deductions. Section 163(j) of the Internal Revenue Code generally...
Interested in knowing what other partners are saying about how commercial lease agreements are evolving? Access exclusive market intelligence about private commercial lease agreements, as only told by...
The seller usually wants assurances that a buyer will be able to fund an acquisition at the closing, particularly if the closing is subject to a lengthy interim period between signing and closing. If a...
A company that receives a warning letter from the Food and Drug Administration (FDA) is on FDA's radar screen. In addition to responding appropriately to any actual or potential violations indicated...
We just added Arbitration Q&A content to Practical Guidance’s State Law Comparison Tool! Compare state laws on arbitration both pre-dispute and once a dispute arises across five key arbitration...
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.
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