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Another Taxpayer Friendly Ruling by the IRS for the Automobile Industry--CCA 200935024
Bradford S. Cohen, Robin C. Gilden, Aaron H. Jacoby, Kenneth Murphy, October 26, 2009
Many automobile dealers represent a number of franchises--GM, Ford, Toyota, Honda, etc. In addition, many of those dealers use the "Last-in First-out" ("LIFO") method of accounting for their car inventory. For dealers who have had one of their franchises terminated, Chief...

Liability Considerations for Officers and Directors of Failed FDIC-Insured Institutions
Joseph T. Lynyak, John H. Zink, August 21, 2009
In light of the possibility that several hundred FDIC-insured banks and thrifts may fail in the next two- to three-year period, many clients and friends of the firm have requested a summary of the legal concerns that arise for officers and directors immediately following the seizure of an...

Historic Credit Card Crackdown Law Affects Creditors, Credit Card Issuers, Gift Card Sellers, Colleges and More
Emilio W. Cividanes, William J. Donovan, Joseph T. Lynyak, Suzanne Fay Garwood, Brenna V. Greenwald, June 18, 2009
Even though the ink is not yet dry on the Federal Reserve Board's (the "Board") newly adopted credit card regulations, on May 22, 2009, President Obama signed into law the Credit Card Accountability Responsibility and Disclosure Act of 2009 (the "Act").

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