Raymond James Financial Services, Inc. v. Phillips, in which the Supreme Court of Florida held that state statutes of limitations apply to securities arbitrations. This article discusses the potential implication of this decision.
Woman’s Hosp. Foundation v. National Public Finance Guarantee Corp., in which a Louisiana court of appeals upheld a bond insurer’s contractual right to refuse to consent to subsequent bond issuances.
Brecek & Young Advisors, Inc. v. Lloyds of London Syndicate 2003, in which a district court agreed with insurer’s relation-back argument in professional liability insurance claims, but held that insurer was collaterally estopped from making that argument as it had already defended and settled the underlying claims.
IRS Official Explains Approach in Power Generation Revenue Procedure.
IRS Publishes Proposed Regs on Community Health Needs Assessment Requirement for Tax-Exempt Hospitals.
Rules Governing Nonprofits and Political Activity: A Brief Overview.
GASB Improves Reporting for Nonexchange Financial Guarantees.
FASB, IASB Issue Revamped Lease Accounting Proposal.
Schwab Reverses Ban on Client Class-Action Lawsuits.
Moody’s: Detroit Restructuring Plan Bad for Bondholders.
Otherwise, a pretty quiet week. Was there some kind of IRS flap that I missed? Although BCB prides itself on its tax coverage, we’re not touching that one with the proverbial ten-foot musket. In a delightful piece of synchronicity, this was also the week in which Senator Udall introduced, “The Brewers Excise and Economic Relief (BEER) Act of 2013” and the The Urban Institute released a white paper entitled, “Addressing Violence and Disorder around Alcohol Outlets.” Can’t we all get along?

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