- People ex rel. Cuomo v. Charles Schwab & Co., Inc., in which the court held that the AG had a) sufficiently stated a claim under the Martin Act, and b) sufficiently pled a nexus with New York, in an enforcement action against registered securities broker-dealer, alleging that broker-dealer engaged in fraudulent and deceptive conduct in the sale of auction rate securities.
- Paff v. Atlantic City Alliance, Inc., in which the court concluded that a private non-profit corporation formed for the purpose of entering into a public-private partnership with a public redevelopment authority was not a “public agency” subject to the provisions of the Open Public Records Act.
- Miami Trace Local School Dist. v. Washington C.H. City School Dist., in which the court held that the 30–percent–payment provision in land transfer agreements between two school districts applied only to the funds received from transferee school districts’ operating levy, but not funds received from its subsequently-enacted permanent levy and bond issue.
- IRS EO Update – e-news for Charities & Nonprofits – August 30, 2013.
- FASB Releases Updates in its Definition of a Nonpublic Entity Project.
- WSJ: Detroit’s Woes Add to Angst Over Municipal Debt.
- Pension Costs Burden Local Government Budgets.
- Bonds: Beware This Major Flaw in Moody’s Rating System.
- In other news, New York courts apparently refer to minors as “infants,” which lead to some hilarious imagery in a New York case in which a beer-fueled brawl broke out between “infants” on a high-school football field. They’re so cute at that age. Finally, we come to a NYT article about the epidemic of POCBS – Power Outages Cause By Squirrels – in which we learned that the country’s foremost squirrel expert “trapped squirrels with a mixture of peanut butter and Valium.” Coincidentally, that’s also how I was trapped into taking this gig.
