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Law360 Reveals Titans Of The Plaintiffs Bar

This past year, a handful of attorneys secured billions of dollars in settlements and judgments for both classes a... (more story)

House Budget Would Sap Emerging Energy Tax Credit Market

The House's sweeping tax and budget legislation would scrap a relatively new financing option that lets project de... (more story)

Critics Decry Budget Bill As Clean Energy 'Attempted Murder'

The budget reconciliation bill that House Republicans passed Thursday replaced an earlier plan to phase out renewa... (more story)

Federal More

International Trade Court Strikes Down Trump's Tariffs

The International Emergency Economic Powers Act does not give the president the "unbounded authority" to impose tariffs on goods from nearly every country in the world, the U.S. Court of International Trade ru... (more story)

Fintech Group Warns Remittance Tax Will Hurt Consumers

The American Fintech Council sent a letter to members of Congress asking them to reconsider a proposed tax on remittances that is a part of the $3.8 trillion bill to extend and make permanent the Republican Pa... (more story)

Coinbase Users Sue Over Terraform Token Conversion Losses

A group of crypto buyers sued Coinbase Global Inc. over losses they say they incurred from the crypto exchange's actions in the wake of the historic Terraform collapse, accusing Coinbase of muddling the proces... (more story)

Stay Won't Be Lifted On Claims Over $93M Real Estate Fraud

Victims of a $93 million Miami real estate development scheme won't be able to pursue their claims — at least for now — against the company's former CEO after a Florida federal judge on Wednesday denied their ... (more story)

Execs Smuggled Billions In Goods To Skirt Duties, Feds Say

Two California shipping company executives have been charged with smuggling billions of dollars' worth of goods from the United States into Mexico — avoiding millions of dollars in duties to Mexico — using bog... (more story)

Tax Court Affirms $142M Earnings Boost On Co.'s Partners

The U.S. Tax Court sustained a $142 million increase to a New York investment company's net earnings from self-employment Wednesday after finding that its principals, which included the company's founder, did ... (more story)

DOL Tells 5th Circ. It Will Craft New ESG Rule For 401(k) Plans

The U.S. Department of Labor told the Fifth Circuit on Wednesday that it will launch new rulemaking and move "as expeditiously as possible" to replace Biden administration regulations on whether fiduciaries ca... (more story)

State & Local More

Judge Shields NY Congestion Pricing From Feds' Threats

New York's congestion pricing program can keep running at least through the fall, after a federal judge on Wednesday signaled that the U.S. Department of Transportation likely overstepped its authority by purp... (more story)

Exec Asks Mass. Justices To Review $4.7M Stock Tax Case

A couple who moved out of Massachusetts should not owe state tax on a $4.7 million capital gain from sales of stock in a company one of the pair co-founded in the state, they told the state's highest court.

Fried Frank Adds KPMG International Tax Ace In NY

Fried Frank Harris Shriver & Jacobson LLP has hired a KPMG international tax group principal as a tax partner in New York.

Ruling Tariffs Unlawful Would 'Kneecap' Trump, Gov't Says

A ruling from a D.C. federal judge invalidating the Trump administration's use of the International Emergency Economic Powers Act to impose sweeping global tariffs would "kneecap" the president and cause "dipl... (more story)

Mich. Fuel Supplier Fights $8.7M Tax Bill Over Flight Credit

A fuel supplier is challenging the Michigan Department of Treasury's determination that the company cannot claim credit for interstate flights on its returns because it is not an airline operator and is now li... (more story)

Ariz. Asks Justices To Skip Tax Fight Over Plant On Tribe Land

Arizona's tax agency urged the U.S. Supreme Court to pass on a power company's claims that property taxes were illegally levied on a power plant it owns on tribal land, saying the justices have consistently up... (more story)

Ohio Board Misinterpreted Commercial Activity Tax, Org Says

The Ohio Board of Tax Appeals incorrectly ruled that the state's commercial activity tax doesn't apply to a West Virginia car dealership's sales of cars that were brought to Ohio by customers, a group of Ohio ... (more story)

Power To The Paralegals: An Untapped Source For Biz Roles

Law firms looking to recruit legal business talent should consider turning to paralegals, who practice several key skills every day that prepare them to thrive in marketing and client development roles, says V... (more story)

Jurisdiction Issue Revives Challenges To Conn. Foreclosures

A Connecticut trial court must address three trusts' challenges to its jurisdiction over the tax foreclosures of their properties, a state appeals court ruled, saying the lower court failed to tackle the issue... (more story)

International More

UK Eyes Cutting Pension Tax Breaks To Boost Revenue

The government could be considering the removal of tax breaks on workplace pensions salary-sacrifice plans, experts have warned, as part of an effort to increase revenue in the next budget.

Customs Fraud Enforcement In The Age Of Tariffs

In the wake of the Trump administration’s new approach toward tariffs, two recent Justice Department developments demonstrate aggressive customs fraud enforcement, with the DOJ emphasizing competitive harm to ... (more story)

Trade Court Says Wis. Man Can't Sue Over Trump Tariffs

The U.S. Court of International Trade dismissed a Wisconsin resident's case against President Donald Trump's tariffs Friday, holding that the man's allegations of economic injury are too speculative to create standing to sue.

How Trucking Cos. Can Keep Rolling Under Tariff Burdens

Recent Trump administration tariffs present major challenges for the transportation and logistics sector — and, in particular, trucking — but providers who focus on operational efficiency, cost control, custom... (more story)

Taxation With Representation: Troutman, A&O Shearman

In this week's Taxation With Representation, Blackstone acquires TXNM Energy, OpenAI buys io Products, Lumen Technologies sells its Mass Markets fiber-to-the-home business in 11 states to AT&T, and AMD sells i... (more story)

Belgian Tax Break Denials Don't Break EU Rules, ECJ Advised

Belgium isn't breaking with European Union law by denying companies tax deductions under controlled foreign corporation rules, an adviser to the EU's top court said in an opinion.

Another Tariff Suit In Trade Court Signals Joint Review

The legal strategy of utilizing U.S. district courts to challenge President Donald Trump's emergency tariffs suffered another blow this week following a failure to keep a stationery company's suit in Florida f... (more story)