5 results found
Eversheds Sutherland (US) LLP | USA | 13 Jul 2010
Corporate officer held personally liable for bankrupt corporation’s unpaid sales taxes
In an interesting twist on a run-of-the-mill case regarding the personal liability of a corporate officer for unremitted sales taxes, the New York State Division of Tax Appeals held an owner ("Petitioner") personally liable for sales tax even though the corporation was in Chapter 11 bankruptcy and was being run by a bankruptcy court-approved management company.
Eversheds Sutherland (US) LLP | USA | 2 Oct 2009
SIFMA files amicus brief in favor of mutual fund adviser and duties owed
The Securities Industry and Financial Markets Association (SIFMA) filed an amicus brief with the U.S. Supreme Court in Jones v. Harris Associates.
Eversheds Sutherland (US) LLP | USA | 25 Feb 2008
DOL addresses fiduciary responsibility to collect delinquent plan contributions
In Field Assistance Bulletin 2008-01 (February 1, 2008), the DOL articulated for its Office of Enforcement a theory of fiduciary responsibility under ERISA for collection of delinquent contributions to retirement and welfare plans.
Eversheds Sutherland (US) LLP | USA | 23 Oct 2007
DOL issues final default investment regulations
On October 23, 2007, the Department of Labor (“DOL”) released final regulations to provide ERISA relief to fiduciaries of participant-directed defined contribution plans that invest participant accounts in certain types of default investment alternatives in the absence of participant investment directions.
Eversheds Sutherland (US) LLP | USA | 19 Jun 2007
Supreme Court to consider ERISA relief available in individual account plan cases
The U.S. Supreme Court granted certiorari yesterday in LaRue v. Dewolff, No. 06-856, a case in which the Fourth Circuit denied relief to a section 401(k) plan participant claiming that his account lost money because the plan administrators failed to follow his investment instructions.