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HTMLRegulators At SIFMA Regional Conference Highlight Regulatory, Litigation And Arbitration Risks
Eugene R. Licker, Jerry S. Phillips; Loeb & Loeb LLP;
Legal Alert/Article
October 15, 2014, previously published on October 2014
At a recent regional SIFMA conference, the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) and state regulators discussed the risks inherent in the ongoing low-yield environment. The regulators expressed concern over individuals' investing in products...

 

HTMLFTC Updates Its Mail Order Rule
Kenneth R. Florin, James D. Taylor; Loeb & Loeb LLP;
Legal Alert/Article
October 15, 2014, previously published on October 2014
The FTC's "Mail Order Rule" is now the "Mail, Internet, or Telephone Order Merchandise Rule" (16 CFR Part 435).

 

HTMLCMS Rolls Out Open Payments in Effort to Increase Transparency and Accountability
Loeb Loeb LLP;
Legal Alert/Article
October 14, 2014, previously published on September 2014
CMS published its first round of data as laid out in the Sunshine Act, and stakeholders, including the American Medical Association, are concerned.

 

HTMLFDA Sends Warning Letters to Companies that Made Claims on Social Media that their Products Treat, Cure Ebola, Marking the First Time the Agency Singles Out Pinterest
Loeb Loeb LLP;
Legal Alert/Article
October 14, 2014, previously published on September 2014
The FDA sent warning letters to three companies making claims on social media platforms that their products are possible treatments and cures for the Ebola virus. This marks the first time that the FDA has taken notice of claims made on Pinterest.

 

HTMLOIG Issues Special Advisory Bulletin and Report Emphasizing Prohibition on Copay Coupons for Federally Reimbursable Medications (Including Part D Covered Drugs), Notes Potential Antikickback Violations
Loeb Loeb LLP;
Legal Alert/Article
October 14, 2014, previously published on September 2014
According to the OIG, “Pharmaceutical manufacturers that offer copayment coupons may be subject to sanctions if they fail to take appropriate steps to ensure that such coupons do not induce the purchase of Federal health care program items or services.”

 

HTMLWhat You Need to Know About Corporate Inversions
Thomas Lawson, Alan J. Tarr; Loeb & Loeb LLP;
Legal Alert/Article
October 2, 2014, previously published on September 2014
It seems like every day brings news of another possible corporate inversion transaction. The news reports usually describe these transactions as another United States corporation moving or relocating outside of the country. While the management of the U.S. company tries to downplay the tax impact,...

 

HTMLCourt Holds That Land Sold Was Inventory That Gave Rise to Ordinary Income
Thomas Lawson, Alan J. Tarr; Loeb & Loeb LLP;
Legal Alert/Article
October 2, 2014, previously published on September 2014
We normally think that selling a parcel of land one has held for a long period of time will result in capital gain income subject to federal income tax at a lower rate than ordinary income. A recent court decision reminds us that this is not always the case. Mr. Allen purchased a parcel of real...

 

HTMLIRS Streamlines Offshore Voluntary Disclosure Program
Thomas Lawson, Alan J. Tarr; Loeb & Loeb LLP;
Legal Alert/Article
October 2, 2014, previously published on September 2014
On June 18, 2014, the IRS announced new Streamlined Filing Compliance Procedures (Streamlined Programs) and changes to the existing Offshore Voluntary Disclosure Program (OVDP). These programs are intended to help taxpayers correct any failures to report foreign financial assets and income (and to...

 

HTMLFTC Sends Warning Letters to Major Advertisers About Inadequate Disclosures
Thomas P. Jirgal, David Mallen; Loeb & Loeb LLP;
Legal Alert/Article
October 2, 2014, previously published on September 2014
The FTC announced it has sent letters to over 60 major retailers, including 20 of the 100 largest advertisers in the U.S., that failed to make adequate disclosures in their television and print ads.

 

HTMLTaxpayer Avoids Penalties by Relying on Professional Advice
Thomas Lawson, Alan J. Tarr; Loeb & Loeb LLP;
Legal Alert/Article
October 2, 2014, previously published on September 2014
In the recent Tax Court case of Vision Monitor Software LLC v. Commissioner (September 3, 2014), the Tax Court disallowed a taxpayer’s deduction for losses incurred by a partnership in which he was a partner because he did not have sufficient income tax basis in his partnership interest to...

 


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