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  • Blog: SRR Estate & Gift Tax Valuation BlogDeath Bed Planning From a Different Perspective (Estate of Nancy H. Powell)Posted on May 22, 2017 by Lance Hall
    The Estate of Powell[1] is a case of aggressive estate planning that failed. While his mother, Nancy H. Powell, was “hospitalized and in intensive care,” her son, under a power of attorney formed a partnership, transferred $10,000,752 into a newly formed partnership, NHP Enterprises L.P. (NHP), in return for a 99% limited partner interest. Her two […]
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  • Blog: Antitrust UpdateGlobal Inquiries into Drug Price IncreasesPosted on May 19, 2017 by
    European competition authorities announced this week an investigation into Aspen Pharmacare’s recent price hikes of five cancer drugs. The European Commission said in a press release that it had “information indicating that Aspen has imposed very significant and unjustified price increases of up to several hundred percent.” The Commission is also looking into reports that [...]
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  • Blog: Broker-Dealer Law CornerWannaCry Virus Triggers SEC Security Alert To BDs And Investment Management FirmsPosted on May 19, 2017 by Fran Goins
    Readers of this blog know that sales practice issues represent my sweet-spot.  Today, in what is probably a welcome departure from my rants, my partner (and co-chair of Ulmer’s Financial Services & Securities Litigation Group) Fran Goins, who knows all things about data privacy and cybersecurity, offers some helpful advice on dealing with the WannaCry...… Continue Reading
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  • Blog: NextGen Financial Services ReportFederal Trade Commission Action Against NetSpend Has Relevance Beyond the Prepaid Card IndustryPosted on May 19, 2017 by Jacqueline M. Allen
    NetSpend Corporation (NetSpend) recently agreed to settle with the Federal Trade Commission (FTC) regarding allegations that NetSpend deceived consumers about certain aspects of NetSpend’s reloadable prepaid cards. NetSpend will pay $40 million in restitution to customers and $13 million to the FTC under the enforcement order. Providers of consumer financial products and services—not just prepaid...Continue Reading…
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  • Blog: Western Canada Business LitigationThe Seven Year Itch: The SCC Returns to Address an Unresolved Question regarding the Crown’s Duty to Consult Aboriginal People and the Legislative ProcessPosted on May 18, 2017 by <a href='http://www.lawsonlundell.com/team-Keith-Bergner.html'>Keith Bergner</a>
    On May 18, 2017, the Supreme Court of Canada agreed to hear an appeal in an important case that could further define the nature and extent of the Crown’s duty to consult Aboriginal people, including the previously unresolved question as to whether the Crown’s duty to consult Aboriginal people can be triggered by legislative action.... Continue Reading
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  • Blog: Panama - International Business & Financial CenterTrump’s LessonPosted on May 12, 2017 by adegracia
    “That is how I realized, because I experienced it, how great democracy is in that country and how we are sure that Trump will learn to live with it” Eduardo Morgan Jr. In 2009, on the occasion of Barack Obama’s election as president of the United States, I wrote an article titled ‘Obama’s [...]
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