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Proskauer Rose LLP

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Craigslist Garners $60 Million Judgment against Radpad in Scraping Dispute

USA - April 17 2017 For years, craigslist has aggressively used technological and legal methods to prevent unauthorized parties from violating its terms of use by

New Judgment in Data Scraping Dispute Could Impact Hedge Fund Managers

USA - April 18 2017 Below is a summary of a recent development that may be of interest from our Technology, Media & Telecommunications (TMT) practice Group. Our TMT

D.C. Universal Paid Family Leave Law Now In Effect

USA - April 12 2017 On April 7, 2017, the D.C. Universal Paid Leave Amendment Act of 2016 (the “Act”) (L21-0264) took effect as Congress’s 30 legislative day clock to

New IRS guidance on tax treatment of attorney’s fees

USA - September 13 2013 The IRS recently released a memorandum advising taxpayers on the proper tax characterization of attorney's fee payments in connection with a

2017 IPO Study

European Union, United Kingdom, USA - April 12 2017 Welcome to this fourth edition of Proskauer’s IPO Study. In it you will find our analysis

Tax Court Rules that Extensions of Variable Prepaid Forward Contracts Do Not Result in Taxable Exchanges

USA - April 27 2017 Last week, in McKelvey v. Commissioner the U.S. Tax Court held that the extension of a typical variable prepaid forward contract (“VPFC”) did not

Trump Administration Announces Outline of Its Tax Proposal

USA - April 27 2017 Yesterday the Trump Administration announced the outline of its tax reform proposal. The proposal combines elements of President Trump’s original tax

Sixth Circuit Dismisses ERISA Stock Drop Action Against Cliffs Natural Resources

USA - April 27 2017 The Sixth Circuit affirmed the dismissal of ERISA stock drop claims by participants in the Cliffs Natural Resources’ 401(k) Plan. The participants

SEC Announces First Whistleblower Award During Trump Era

USA - April 26 2017 On April 25, 2017, the Securities and Exchange Commission issued a Dodd-Frank whistleblower award of nearly $4 million, the first bounty award issued

IRS Updates FATCA FAQs, Addresses January Temporary Regulations

USA - April 25 2017 On April 6, 2017, the Internal Revenue Service (the IRS) added three new frequently asked questions to its Foreign Account Tax Compliance Act