- IRS Model Closing Agreements for VCAP and Examinations.
- White Paper Examines Municipal Bond Dealer Markups.
- California Water District Fined by S.E.C. Over ‘Enron Accounting.’
- Assessing the Less Contemplated Risks of Bank Placement Agreements.
- IRS Releases Proposed Regulations Defining a “Political Subdivision” For Purposes of Determining Eligibility to Issue Tax-Exempt Bonds: Butler Snow
- Treasury Corrects Proposed Regulations on What is a Political Subdivision: Squire Patton Boggs
- IRS Makes Political Subdivision Rules Prospectively Effective.
- New Orleans City v. Ambac Assur. Corp. – Court of Appeals holds that bond insurance policy was limited to the guaranteed payment of principal and interest to the bondholders in the event of non-payment by the city and did not require that insurer maintain its credit rating in order to maintain the credit rating of the insured bonds.
- AXA Advisors, LLC v. Lee – District Court holds that family was entitled to seek arbitration against AXA (a broker-dealer member of FINRA) under FINRA Rule 12200, despite the fact that they were customers of an associated person of AXA and not direct AXA customers.
- And finally, pity the poor plaintiff in Kendoll vs. Rosenblum for his exceedingly unfortunate surname. One can only hope that he’s more anatomically correct than was Barbie’s boyfriend. Here’s a tip: any time you’re reading an opinion and the court drops this very deadpan statement w/r/t a police officer – “His tenure with the department was not entirely without incident” – we highly recommend that you read on.