Former New York state Sen. Pedro Espada Jr., who faces trial on tax fraud charges and sentencing for stealing from a health network, got a new lawyer Monday to fight the tax charges, abandoning claims he was too poor to pay for one.
A New York state judge on Monday temporarily put on hold Penthouse magazine publisher FriendFinder Networks Inc.'s suit against accounting firm Grant Thornton LLP, which allegedly didn't uncover a personal-ad company's failure to pay European taxes before the publisher bought it for $500 million.
A Texas appeals court on Friday blocked a group of consumers from suing the state because class counsel lacked the authority to represent them, after the consumers sought to recover $14 million in sales tax they say they shouldn't have had to pay on rebates offered by retailers.
Deloitte & Touche LLP won approval Wednesday to file counterclaims against SBP Capital Corp. seeking to minimize its potential liability in a $100 million lawsuit accusing the accounting firm of providing bad tax advice related to SBP precursor Ameriquest Capital Corp.'s sale of mortgage-backed securities.
Anderson Kill & Olick PC has landed a tax and estate shareholder experienced in all facets of estate planning, including sophisticated trusts, such as real estate and insurance trusts, from Reed Smith to join the estates, trusts and tax services group in its Philadelphia office, it announced Wednesday.
The former chief financial officer of distillery Charles Jacquin Et Cie Inc. claimed Monday in Pennsylvania that the company director wrongfully accused him of embezzlement as a pretext for firing him to prevent him from revealing the director’s tax evasion scheme.
A blistering U.S. Senate report released Monday found the HSBC Holdings PLC and its U.S. affiliate did not have proper controls in place to prevent terrorist organizations, drug cartels and other criminal groups from using accounts with the bank to launder money.
A Proskauer Rose LLP attorney told a New York state judge Monday that it was too late for a grandson of a Johnson & Johnson co-founder to sue over allegedly bad advice the firm gave him about selling his J&J shares.
A San Diego homeowner hit Bank of America Corp. with a proposed class action in federal court Friday, accusing the bank of under-reporting to the Internal Revenue Service “millions, if not billions, of dollars” of homeowners' tax-deductible, deferred-interest mortgage payments.
Three lawmakers renewed their push for an extension of a popular tax credit for the wind energy industry Wednesday, seeking to tack the measure as an amendment onto a small-business bill under debate in Congress.
Fannie Mae and Freddie Mac have been hit with a slew of putative class actions over hundreds of millions in unpaid transfer taxes, and attorneys are looking to strike against the housing giants again in a move that may double the recoupable amounts.
New York City filed an objection Thursday to a liquidation plan floated by bankrupt Getty Petroleum Marketing Inc.'s unsecured creditors committee, arguing that it fails to resolve Getty's potential liability to the city for environmental cleanup of leaking storage tanks.
Rapper Beanie Sigel was sentenced to two years in prison by a Pennsylvania federal judge Thursday, after pleading guilty to charges that he evaded $350,000 worth of tax payments between 2003 and 2005, according to prosecutors.
Massachusetts' highest court on Thursday said the state's highway authority was acting legally when it diverted an estimated $440 million in turnpike tolls to help pay for the Big Dig, the massive construction project that rerouted Boston's downtown highways underground.
A worker who won a $2 million punitive damages jury award against UPS Inc. in a retaliatory discharge suit has asked the U.S. Supreme Court to decide if the Tenth Circuit was wrong to rule that the award was excessive, arguing that it was a decision best left to the jury in many types of cases.
U.S. Sen. Chuck Grassley, R-Iowa, on Tuesday asked the U.S. Department of the Treasury to respond to the American Hospital Association’s complaints that its input was ignored in the crafting of new regulations on tax-exempt hospitals, potentially adding a new chapter to the lawmaker’s simmering feud with the organization.
Halliburton Co. on Tuesday sued former subsidiary KBR Inc. in Texas state court seeking to compel arbitration over $256 million Halliburton says it overpaid for taxes related to the companies' 2007 split.
Employers with moral or religious objections would be able to ignore a new law guaranteeing free birth control coverage in workplace health plans under a Republican-backed bill introduced Tuesday in the U.S. House of Representatives.
An anti-tax group on Monday brought an appeal contesting the enactment of a budget trailer bill that boosted California Gov. Jerry Brown's tax initiative to the top of the November ballot, and a ruling in the group's favor could put limits on state lawmakers' power to push through budget-related measures.
Congress could interpret the U.S. Supreme Court's health care ruling as giving the legislative branch broad new powers to wield taxes as a cudgel to influence what kind of cars Americans drive and whether they own guns, conservative lawyers told a House panel Tuesday.