The United States Tax Court recently issued its opinion in Crescent Holdings, LLC v. Commissioner, 141 T.C. No. 15 (12213), a ruling regarding
Franchise Fee Deduction Permitted. The Department of Taxation ruled that the taxpayer, an out-of-state partnership, was permitted a deduction for
The U. S. District Court for the Northern District of California granted partial summary judgment, on February 1, 2012, to rule that the “first sale defense” was inapplicable as a defense to the plaintiff’s copyright infringement claim in Adobe Systems Incorporated v. Hoops Enterprise LLC, No. C 10-2769 (N. D. Cal. 02012012).
Since 1995, Virginia courts have recognized the validity of “pay-if-paid” clauses (sometimes referred to as “pay-when-paid”) in subcontracts.
Following the United States Supreme Court’s ruling in AT&T Mobility LLC v. Concepcion, financial institutions should look closely at including an arbitration provision containing a class action waiver in service agreements with their customers.
Think the Dodd-Frank Act does not affect real estate investors?
Three individuals and two companies have been indicted for illegally exporting computer-related equipment from the U.S. to Iran via the United Arab Emirates.
In Central West Virginia Energy Co., Inc. v. Mountain State Carbon, LLC, Case No. 10-1486, 2011 U.S. App. LEXIS 7557 (4th Cir. Apr. 13, 2011), the Fourth Circuit Court of Appeals clarified how to determine a corporation’s “principal place of business” for purposes of diversity jurisdiction.
The U.S. Court of Appeals for the Fourth Circuit held that purported capital contributions to Virginia historic rehabilitation tax credit syndicates organized as partnerships were taxable sales of Virginia Tax Credits.
In FindWhere Holding, Inc. v. Systems Environment Optimization, LLC., (“SEO”), (No. 09-2155), the Fourth Circuit held that the forum selection clause found in the parties’ contract limited jurisdiction to the state courts of Virginia.