Insights

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Sep 26, 2017 | Ohio Medical Marijuana: Status of the New State Industry

Ohio legalized medical marijuana in the spring of 2016 and has since been developing the Medical Marijuana Control Program (MMCP) to regulate the cultivation, processing, and dispensing of medical marijuana throughout the state. The finalized rules a...

Aug 22, 2017 | Delaware Law Changes Method to Record Stockholders

Delaware is known for being a trailblazer in the area of corporate law. In keeping with tradition, Delaware is the first state to formally recognize the ability of a corporation to record stockholder transactions using distributed ledger or “blockcha...

Aug 9, 2017 | Gain Realized by Non-Resident Foreign Partner Upon the Sale of Its Interest in a U.S. Partnership is Not U.S.-Source Income Unless an Exception Applies

In Grecian Magnesite Mining, Industrial & Shipping Co., SA, v. Commissioner of Internal Revenue (filed on July 13, 2017), the United States Tax Court overturned Revenue Ruling 91-32 (which had been relied on since 1991) and held that gain recognized...

Jul 25, 2017 | The Evolution of Counterfeiting and 5 Essential Steps for Fighting Back

Gone are the days where counterfeiters remained in dark alleyways, opening their jackets to reveal fake Rolex watches. Counterfeiters now run sophisticated enterprises around the globe through e-commerce websites such as Amazon, Alibaba, and eBay, wh...

Jul 12, 2017 | You Get a Car! Everybody Gets a Car!

Lobbying from various organizations resulted in Ohio House Bill 432, known as the “omnibus probate bill.” This bill has made some significant changes in estate law. Specifically, upon the death of a spouse, Ohio Revised Code §2106.18 allows the survi...

Jun 20, 2017 | IRS Grants Extension of Time to Acquired Group to Elect to Deduct 70-Percent of Their Success-Based Advisor Fees

In Private Letter Ruling 201722002 (published June 2, 2017), the Internal Revenue Service (IRS) granted the taxpayer, a group of corporations that were acquired pursuant to a plan and agreement of merger and became wholly owned subsidiaries of the ac...

Jun 16, 2017 | Court Rules Against Dish Network in Multi-State Lawsuit

On June 5, 2017, the United States District Court for the Central District of Illinois issued a ruling in a lawsuit filed against Dish Network, LLC (3:09-CV-03073). The plaintiffs in the lawsuit were the United States (on behalf of the Federal Trade...

May 3, 2017 | R.I.P. to Brick-and-Mortar Stores in India

It is a millennial world – and with that comes the ability to do almost anything online. This is not a surprise to most Americans, as many well-known American clothing retailers have fallen prey to the rise of e-commerce. However, what may come as a...

Apr 28, 2017 | White House Announces Tax Reform Proposals

On April 26, 2017, the White House distributed a one-page outline of its tax reform proposals entitled “2017 Tax Reform for Economic Growth and American Jobs” (Outline).  The reforms in the Outline are set forth in general terms and are divided into...

Apr 19, 2017 | Technology M&A Predicted to Rise Significantly in 2017

Experts following M&A trends predict that the volume of technology-centered deals will rise significantly in 2017. More than ever, businesses feel the pressure to innovate and expand in the digital age that we live in. As such, it is critical that, w...

Mar 30, 2017 | The Rising Importance of Independent Sponsors in M&A

Independent sponsors have risen to the forefront as a unique way of sourcing target companies for acquisition. Throughout 2016, we heard about the slowdown in the number of M&A deals reaching completion. Despite the slowdown, we also heard that credi...

Mar 13, 2017 | Second Time's a Charm?

Last Monday, President Trump signed a new Executive Order (Order) banning citizens of six predominantly Muslim countries from entering the United States. This ban includes citizens from Sudan, Syria, Iran, Libya, Somalia, and Yemen. The new Order goe...

Feb 17, 2017 | Alex Acosta Nominated for Secretary of Labor Position After Withdrawal of Andrew Puzder From Consideration

Secretary of Labor Nominee Andrew Puzder withdrew his name from consideration on February 15, 2017, capping weeks of speculation, as well as significant criticism from several different sectors related to his company’s treatment of its employees, his...

Feb 15, 2017 | UPDATE: US Patent & Trademark Office Issues New Trademark Use Rule (Delayed until March 21, 2017)

ALERT UPDATE: The US Patent & Trademark Office (USPTO) planned to implement an auditing program on February 17, 2017, which would introduce new requirements for declarations of use filed pursuant to Sections 8 or 71 of the Trademark Act. Now, the USP...

Feb 10, 2017 | UPDATE: Trump's Immigration Executive Order, Refused by Ninth Circuit Court of Appeals

Late yesterday, the Ninth Circuit Court of Appeals refused to reinstate President Donald Trump’s immigration Executive Order (Order) which suspended the entry of aliens from seven countries into the United States for 90 days. This ruling focused only...

Feb 9, 2017 | US Patent & Trademark Office Issues New Trademark Use Rule

On January 19, 2017 the United States Patent and Trademark Office (USPTO) published a notice in the Federal Register introducing new requirements for declarations of use in commerce filed pursuant to Sections 8 and 71 of the Trademark Act. A decla...

Feb 8, 2017 | Trump's Immigration Executive Order - Are We Back to Where We Started?

If you are confused about what is happening with President Donald Trump’s immigration Executive Order (Order), then you are not alone. PAST – What exactly is the Order? Trump signed the Order on January 27, 2017, temporarily banning travel from...

Jan 16, 2017 | New Federal Law Provides Additional Protection for Trade Secrets

For the first time in U.S. history, a new law was recently added providing federal protection for businesses’ trade secrets. The Defend Trade Secrets Act, 18 U.S. Code Section 1831 et. al. (DTSA) became law as an amendment to the Economic Espionage A...

Nov 18, 2016 | Do You Need Copyright Protection for Your Website?

Companies spend a considerable amount of time exploring ways in which intellectual property laws can help protect and exploit their assets. Invariably, they look to trademark and patent laws to serve their needs, while copyrights remain an underutili...

Sep 12, 2016 | IRS Eases Safe Harbor Conditions Under Which a Contract with a Hospital Will Not Result in Private Business Use of Tax-Exempt Bond-Financed Property

Under federal income tax law, the tax-exempt status of a bond is jeopardized if the proceeds of the bond are used for a private business use. Because hospital facilities are often financed with tax-exempt bonds, hospital contracts with providers must...

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