NEW YORK (Reuters) – The U.S. Supreme Court on Wednesday ruled that bankruptcy trustees may not claw back allegedly fraudulent federal tax payments made more than two years before a company’s bankruptcy filing. In an 8-1 ruling, the court reversed (…)
(Reuters) – Breakups are rarely easy, but the acrimony over a busted blockbuster deal can rival finger-pointing by the bitterest of star-crossed lovers. Consider the blame game unfolding now between Kroger and Albertsons in Delaware Chancery Court, where each grocery (…)
(JD Supra) On January 14, 2025, the Internal Revenue Service and the US Treasury Department issued proposed regulations under Section 162(m) of the Internal Revenue Code (Code) to implement changes under the American Rescue Plan Act of 2021. Code Section (…)
(Reuters) U.S. chipmaker Nvidia has sued EU antitrust regulators for accepting an Italian request last year to scrutinise its acquisition of AI startup Run:ai, saying they had flouted an earlier court ruling restricting their merger powers on minor deals. While (…)
(Syndigate Media Inc.) Coinbase Robinhood SEC With the SEC stepping back from aggressive enforcement, Robinhood’s clearance signals a potential turning point toward clearer, more structured crypto oversight. Investors and crypto platforms alike now face a reshaped regulatory environment, influencing strategic (…)
(Bankr, News & Analysis) Party City Holdco Inc. is seeking bankruptcy court approval for two separate agreements to sell designation rights for its store leases to Five Below Inc. and Dollar Tree Stores Inc., as the retailer continues its restructuring (…)
(Reuters) -OpenAI on Friday rejected a $97.4 billion bid from a consortium led by billionaire Elon Musk for the ChatGPT maker, saying the startup is not for sale and that any future bid would be disingenuous. The unsolicited approach is (…)
(American Banker) It is tempting, especially for newcomers, to think modernizing bank oversight is as simple as ripping pages from the Code of Federal Regulation. The fleeting sense of euphoria such a simplification might provide to those who have operated (…)
WILMINGTON, Delaware (Reuters) -A U.S. judge said on Monday she hoped to rule within 24 hours in a lawsuit that aims to protect information systems at major government agencies from Elon Musk’s DOGE team, which President Donald Trump has tasked (…)
(Reuters) – Prominent former U.S. Supreme Court lawyer Tom Goldstein was arrested and detained on Monday after a judge in Maryland said he violated the terms of his pretrial release on previous tax-related charges tied to his high-stakes poker playing. (…)