Accounting says maybe, but the tax laws say yesBy Bart A. BasiJanuary 2004This year is the first full year in which the Financial Accounting Standards Board's (FASB) guidance on how to account for goodwill and other unidentifiable intangible assets is in effect for presentation in financial statements.
Ausman v. Arthur Andersen, LLP.By Michael J. WeicherJune 2004Whether an in-house attorney has a claim to sue its employer for retaliatory discharge when the employee is fired for insisting that certain actions taken by the employer should have been subject to internal company procedures.
Case commentsBy Michael J. Weicher & Justin J. KarubasApril 2004The Board of Trustees of Community College District 508 v. Coopers & Lybrand
Case commentsBy Michael J. WeicherJanuary 2004Background facts: Zebra Technologies Corporation (Zebra) is a Delaware corporation, located in Vernon Hills, Illinois, which develops and manufactures two-dimensional bar coding equipment.
Checklist for financing sourcesBy Gene A. PetersenApril 2004From time to time, a client asks for assistance in seeking financing sources for growth, a business buyout, or other business needs.
Cosgrove Distributors, Inc. v. HaffJanuary 2004Issue: Whether a creditor may pierce the corporate veil and hold the shareholders liable for the debts of the corporation when the creditor failed to perceive that the debtor party was a corporation.
Does Illinois need a Business Trusts Act?By William A. PriceDecember 2004Illinois has been in the process of revising and modernizing the statutes that determine the rights and liabilities of insiders and outsiders in business organizations for the last 23 years.
Fifth Circuit Court of Appeals upholds the use of FLP against IRS attackBy Howard Z. Gopman & Maria MotevDecember 2004In David A. Kimbell, Sr. Independent Executor Under the Will Of Ruth A. Kimbell, Deceased v. U.S., the Fifth Circuit Court of Appeals meticulously examined the facts and concluded that the use of an FLP (family limited partnership) could be upheld.
From the editorsOctober 2004In this edition of the newsletter, we bring you an article that discusses the new filing requirements under SEC Form 8-K.