Maryland high court nixes company’s stock buyback plan
Maryland’s top court nixed a real estate company’s Great Recession-era bid to buy back shares of its Class B Stock for about a penny on each dollar invested.
Articles of transfer: Going, going, gone
Ignored by many, understood by some and properly used by few, articles of transfer have occupied a unique place in Maryland law.
Editorial Advisory Board: Maryland can be the new Delaware
You can learn a lot by paying attention to the competition. That is how we came across what ought to be a golden opportunity for commerce in Maryland.
R&R INVESTMENT PROPERTIES LLC v. ANGELA CARLE
R&R Investment Properties, LLC, a forfeited Maryland LLC, seeks to vacate an order foreclosing its right of redemption on 105 Adelina Road, Prince Frederick, sold at a tax sale on November 18, 2011. The Circuit Court for Calvert County ordered R&R’s right to redeem the Property foreclosed on May 20, 2013. After R&R’s rights were foreclosed, R&R filed a motion to vacate the orde[...]
Top court upholds Md. income tax against Nordstrom subsidiary
A Nordstrom subsidiary can’t use its own error to avoid a Maryland tax bill of more than $2 million, the state’s highest court has held.
World leaders push big companies to pay more taxes
ST. PETERSBURG, Russia — It’s time to make Google, Apple and other multinational companies pay more taxes. That’s the message President Barack Obama and the leaders of the world’s leading economies sent to cross-border giants at a summit ending Friday. The new rules on taxes would make it harder for companies to hide profits in […]
Corporations take a strategic approach to philanthropy
If time is money, as entrepreneurs like to say, how are corporate executives to know whether monetary donations or employee volunteerism is the best approach to philanthropy?
‘Citizens United’ trumps state law, Supreme Court affirms
WASHINGTON — The Supreme Court on Monday reaffirmed its 2-year-old decision allowing corporations to spend freely to influence elections. The justices struck down a Montana law limiting corporate campaign spending. By a 5-4 vote, the court’s conservative justices said the decision in the Citizens United case in 2010 applies to state campaign finance laws and […]
Crosby named director of Account Management at ULB
Scott G. Crosby has been named director of Account Management at United Legal Benefits LLC. Crosby will develop relationships with corporate, not-for-profit and government entities. He will act as a company spokesperson, presenting the features of the ULB’s benefits plan to prospective sponsors and facilitating the enrollment process.
Law blog roundup
Happy Monday! Here are some links to peruse while you figure out how you’re going to survive your first five-day work week in what feels like four months: An interesting counterfeit policy and one poor, poor violin Something else to think about as the Maryland General Assembly once again takes up the issue of same-sex […]
U.S. household wealth takes biggest hit since 2008
WASHINGTON — Americans’ wealth last summer suffered its biggest quarterly loss in more than two years as stocks, pension funds and home values lost value. At the same time, corporations increased their cash stockpiles to record levels. Household net worth fell 4 percent to $57.4 trillion in the July-September quarter, according to a Federal Reserve […]
U.S. household wealth dipped in the spring
WASHINGTON — Americans’ wealth declined this spring for the first time in a year, as stocks and home values fell. At the same time, corporations increased the size of their cash stockpiles. The combination could slow an already weak economy because it means businesses and consumers are spending less. Household net worth dropped 0.3 percent […]