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Tax Court Ruling Provides Helpful Profits Interest Guidance

Law 360

Tax Court decision holding that a partnership may exclude interests in a company that it indirectly received sheds light on related IRS guidance, including the proper valuation method for such interests, though the court's application of the method to the facts of this case appears flawed, say attorneys at Kramer Levin.

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Alabama approves congressional map with single majority Black district in defiance of US Supreme Court order

JURIST

The approval is in defiance of the US Supreme Court ruling in Allen v. ” Former US Attorney General Eric H. Governor of Alabama Kay Ivey approved a new congressional map Friday, passed by the Alabama legislature during a special session , which designates only one majority-Black district in the state. Holder, Jr.,

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“Federal Court Moves to Drastically Weaken Voting Rights Act; The ruling, which is almost certain to be appealed to the Supreme Court, would effectively bar private citizens and civil rights groups from suing under a key provision of the landmark law”

HowAppealing

“Federal Court Moves to Drastically Weaken Voting Rights Act; The ruling, which is almost certain to be appealed to the Supreme Court, would effectively bar private citizens and civil rights groups from suing under a key provision of the landmark law”: Nick Corasaniti of The New York Times has this report.

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US Supreme Court declines to review overturned Cosby conviction

JURIST

The US Supreme Court Monday declined to review the Pennsylvania Supreme Court ruling that overturned entertainer Bill Cosby’s sexual assault conviction. The case was settled, and District Attorney Bruce Castor declined to press criminal charges. The court did not provide any other comment on the case.

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US Supreme Court declines to take up cash bail constitutionality case

JURIST

He was held in jail pre-trial due to his inability to afford a $1,000 bail, based on the Alabama bail schedule in the Alabama Rules of Criminal Procedure. The lower court ruled in favor of Hester, enjoining the county from imposing cash bail amounts on defendants who could not afford them. Judge Robin S.

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US Supreme Court hears oral arguments in public prayer, execution method cases

JURIST

.” Kennedy brought the case to the district court claiming the school district violated his First Amendment right of free speech. The district court ruled in favor of the that the school district. Kennedy appealed the district court decision to the Ninth Circuit Court of Appeals, which upheld the decision.

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Three Supreme Court cases lead to California Lawyer of the Year honors

At the Lectern

The paper recognized attorneys in 15 cases. Three of the cases resulted in Supreme Court opinions. One of the three CLAY award Supreme Court decisions is Guardianship of Saul H. 5th 93 — “ Missed break premiums count as wages, State Supreme Court rules.” 2022) 13 Cal.5th 2022) 13 Cal.5th

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