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HTMLBasic-Supplemental Life Insurance Plan Pricing Structure Upheld in ERISA Class Action
Wilson G. Barmeyer, Carol T. McClarnon, Phillip E. Stano, Steuart H. Thomsen, Gail L. Westover; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
May 5, 2016, previously published on May 4, 2016
An employee benefit plan that includes an alleged subsidization component for its basic and supplemental options is neither prohibited by the Employee Retirement Income Security Act of 1974 (ERISA) nor a violation of the plan sponsor or service provider’s fiduciary duties, a federal district...

 

HTMLCooperative Chosen to Build Walkemeyer Project
Sutherland Asbill Brennan LLP;
Legal Alert/Article
May 3, 2016, previously published on April 29, 2016
The Southwest Power Pool Board of Directors has selected Mid-Kansas Cooperative to be the transmission owner responsible for building the new “Walkemeyer” line, a 22.6-mile, 115 kV line from Walkemeyer to North Liberal.

 

HTMLDamages Award Limited in Nevada Case Involving Tortious Conduct by California Franchise Tax Board
Charles C. Capouet, Jeffrey A. Friedman; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
May 3, 2016, previously published on April 29, 2016
In a 4-4 decision, the U.S. Supreme Court affirmed the Nevada courts’ exercise of jurisdiction over the California Franchise Tax Board (FTB), but held, by a majority of the justices, that the taxpayer could only receive the damages Nevada provides for suits by private citizens against Nevada...

 

HTMLTri-State Electric Breaks Ground on Research Center
Sutherland Asbill Brennan LLP;
Legal Alert/Article
May 3, 2016, previously published on April 29, 2016
Tri-State Electric has just broken ground on the Wyoming Integrated Test Center. The Center is an industrial-scale lab that will research methods that could be used to remove carbon emissions from coal-fired plants and convert them into a revenue-producing resource. Products made from waste carbon...

 

HTMLFinCEN’s Long-Awaited Beneficial Owner Due Diligence AML Rule Could Be Finalized Soon
Sutherland Asbill Brennan LLP;
Legal Alert/Article
May 3, 2016, previously published on April 29, 2016
Earlier this month, the Financial Crimes Enforcement Network (“FinCEN”), a bureau of the U.S. Department of the Treasury, submitted its long-awaited Final Rule on due diligence of beneficial owners of customer accounts to the White House Office of Management and Budget. This new...

 

HTMLIowa Cooperative Raccoon Valley Becoming Carbon-Free with Purchase of Renewable Credits
Sutherland Asbill Brennan LLP;
Legal Alert/Article
May 3, 2016, previously published on April 29, 2016
Raccoon Valley, an Iowa electric cooperative, plans to purchase renewable credits from three wholesale suppliers to offset its use of carbon-based fuels and become carbon-free. Purchasing the credits from its suppliers supports the cooperative of which it is a member and puts more renewables back...

 

HTMLSEC Chair White Throws Support Behind FSOC Statement on Review of Asset Management Products and Activities
Sutherland Asbill Brennan LLP;
Legal Alert/Article
May 3, 2016, previously published on April 29, 2016
In a public statement earlier this month, SEC Chair Mary Jo White expressed her support for the Financial Stability Oversight Council’s (“FSOC”) Update Statement on its review of asset management products and activities for potential financial stability risks. The Update Statement...

 

HTMLGreat River Energy and NRECA Co-Sponsor Research Regarding Underutilized Energy Storage Resources
Sutherland Asbill Brennan LLP;
Legal Alert/Article
May 3, 2016, previously published on April 29, 2016
The National Rural Electric Cooperative Association (NRECA) and Great River Energy co-sponsored a research study that showed that residential electric water heaters can serve as energy storage for wind or solar power, increasing efficiency, better integrating renewable energy and saving customers...

 

Adobe PDFOnly the Lonely: “Lonely” Life Insurance Companies Confront New Issues Under Proposed Debt-Equity Regulations
Dennis L. Allen, Thomas A. Gick, Michael R. Miles, Mary E. Monahan, William R. Pauls; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
April 29, 2016, previously published on April 28, 2016
The rules of IRC § 1504 and Treas. Reg. § 1.1502-47 provide the general parameters for determining whether a domestic life insurance company (within the meaning of IRC § 816(a)) may join in filing a consolidated U.S. federal income tax return with one or more domestic nonlife...

 

HTMLBills, Bills, Bills: Texas Court of Appeals Scrubs Bill Pay Service Provider Free of Sales Taxes
Elizabeth S. Cha, Charles C. Kearns; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
April 28, 2016, previously published on April 27, 2016
In Hegar v. CheckFree Serv. Corp., a Texas Court of Appeals affirmed the trial court’s decision and held that the taxpayer’s online bill pay service was not a taxable data processing service for Texas sales tax purposes.

 


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