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Bankruptcy Court Accepts Rationale for Tax Affecting

In a fraudulent transfer case involving S corp, court says valuation should reflect that buyers of S corps would experience a reduction in the value of the corporations' earnings because of the need to pay personal income taxes on those earnings.

Bank of America, N.A. v. Veluchamy (In re Veluchamy)

In a fraudulent transfer case involving S corp, court says valuation should reflect that buyers of S corps would experience a reduction in the value of the corporations' earnings because of the need to pay personal income taxes on those earnings.

Direct Media/DMI, Inc. v. Rubin

At issue is the admittance of expert testimony.

New York Supreme Court Grants Corporation's Motion for Deposing Witness

New York Supreme Court, Appellate Division, modified in part a discovery order of the trial court, by granting the corporation's motion for an open commission for the oral examination of a nonparty witness.

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