Other Communications Equipment Manufacturing
This industry comprises establishments primarily engaged in manufacturing communications equipment (except telephone apparatus, radio and television broadcast equipment, and wireless communications equipment).
Ignoring Accountant’s Advice, Taxpayers Botch Investment Strategy
Tax Court finds taxpayers engaged in “prohibited transactions” under IRC Section 4975(c(1)(B) when making personal guaranties on a promissory note to a company they had bought via IRAs for purposes of deferring until retirement any income tax liability on ...
Peek v. Commissioner
Tax Court finds taxpayers engaged in “prohibited transactions” under IRC Section 4975(c(1)(B) when making personal guaranties on a promissory note to a company they had bought via IRAs for purposes of deferring until retirement any income tax liability on ...
Kovens v. Paul
In breach of contract to sell a large block of thinly traded stock, court determines that the measure of damages is on date of breach and fair market value is the contract price.
Kaminsky v. Herrick Feinstein LLP
New York court decides appropriate measure for failure to deliver stock options on brink of IPO is date of breach.
No Discount for Minority Spouse When Divorce ‘Sells’ Interest to Controlling Spouse
Do marketability discounts apply when divorce causes controlling spouse to “buy out” minority spouse?
Ongoing Goodwill Valuation and Impairment Testing Shields Professional From Liability for Misrepresentation or Fraud
One of the issues in this securities fraud class action was whether Acterna Corp.’s (Acterna’s) outside auditor, PricewaterhouseCoopers LLP (PwC), was liable for not accurately representing the value of Acterna’s goodwill under the Financial Accounting Standards Board's (FASB's) Financial Accounting Standards No. 142 (FAS 142) and because PwC knew, or should have known, that the goodwill was seriously impaired, but reported that it was not.
Hanson v. Hanson
Do marketability discounts apply when divorce causes controlling spouse to “buy out” minority spouse?
In re Acterna Corp. Securities Litigation
One of the issues in this securities fraud class action was whether Acterna Corp.’s (Acterna’s) outside auditor, PricewaterhouseCoopers LLP (PwC), was liable for not accurately representing the value of Acterna’s goodwill under the Financial Accounting St ...
Rosenberg v. Rosenberg
The issue in this case was the valuation of a corporation based on a shareholders buy sell agreement.