Tag: Legal Decision
Court Grants Motion to Dismiss Suit Based on Fairness Standard
Canoo, an electric vehicle company, went public in a de-SPAC transaction in December 2020. However, after the stock price dropped, a stockholder who chose not to redeem his stock sued the SPAC board and...
Federal Court Rejects Nationwide Injunction on Task Force’s Insurer Mandates
A recent ruling by the 5th U.S. Circuit Court of Appeals has brought to light concerns regarding the authority of the U.S. Preventive Services Task Force in issuing preventive care mandates for insurance companies...
Mandatory Repatriation Tax Upheld by Supreme Court: What You Need to Know
The U.S. Supreme Court recently upheld the constitutionality of the mandatory repatriation tax, known as the MRT, which was implemented in 2017 under section 965 of the Internal Revenue Code. This decision came after...