- GASB Issues Omnibus Statement Addressing a Broad Range of Practice Issues.
- SEC Proposes Expansive New Continuing Disclosure Requirements Regarding Private Debt and Other Financial Obligations.
- SEC Seeks Comment on Proposed Amendments to Municipal Securities Disclosure Rule.
- Cambridge, Mass., Community-Sourced Minibonds Could Spark Market Trend.
- Changes in the Audit Process for Tax Advantaged Bonds Related to IRS Division Reorganization.
- Report from TSLI – What Can We Expect in the Near Term from the IRS?
- William Beaumont Hospital System v. Morgan Stanley & Co., LLC – Court of Appeals holds that allegations by nonprofit hospital system that broker-dealers withheld information about structure of auction-rate securities (ARS) market and their support-bidding practices, that they misrepresented availability of fixed-rate versus formulaic-rate structures, and that they failed to warn hospital system about deteriorating ARS market did not satisfy heightened fraud and mistake pleading standard.
- And finally, Great Moments in Judicial Overreach is brought to us this week by Den Hartog v. City of Waterloo, which contains this stupefying zinger, “The exact extent to which we may go in deciding questions of fact from the record is vaguely defined; it lies in a shadow land, a ‘twilight zone,’ whose boundaries do not admit of definite charting.” We’ll give you a moment to let that sink in.
Copyright © 2024 Bond Case Briefs | bondcasebriefs.com