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Guidance released Friday by the U.S. Department of the Treasury on the deferral of taxable gains under the opportunity zone program leaves potential avenues for abuse by investors, who may be able to take advantage of uncertainty over the treatment of vacant lots, as one example.
Former executives at zinc producer American Zinc Recycling LLC urged a Delaware federal court Thursday to reject a magistrate judge's recommendation to keep alive investors’ suit over alleged misrepresentations that inflated stock prices, saying the judge ignored the substance of their dismissal bid.
President Donald Trump on Friday directed two federal agencies to look for ways to make it easier for developers to complete water infrastructure projects in California, Washington and Oregon, including streamlining procedures that are in place to protect the environment and endangered species.
A Bay Area political consultant pled guilty to conspiracy to defraud the United States as part of a bid-rigging scheme connected to a U.S. Department of Energy construction contract and making false statements to investigators, the U.S. Attorney's Office has said.
A former attorney for manufacturer Illinois Tool Works Inc. urged an Illinois federal judge not to trim a lawsuit accusing his ex-employer of retaliating against him and firing him after he fell ill, saying his complaint adequately backs up claims of Americans with Disabilities Act and Employee Retirement Income Security Act violations.