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1 month ago | 
news.bloomberglaw.com | Brian Flood |Nicholas Datlowe
The US Supreme Court left in place a state contractor’s wire fraud convictions in a Thursday ruling, rejecting arguments challenging the government’s “fraudulent inducement” theory. The government doesn’t need to prove that a defendant who uses falsehoods to induce someone to enter into a transaction intended or caused economic harm, the court held in an opinion by Justice Amy Coney Barrett.
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1 month ago | 
news.bloombergtax.com | Brian Flood |Nicholas Datlowe
The US Supreme Court left in place a state contractor’s wire fraud convictions in a Thursday ruling, rejecting arguments challenging the government’s “fraudulent inducement” theory. The government doesn’t need to prove that a defendant who uses falsehoods to induce someone to enter into a transaction intended or caused economic harm, the court held in an opinion by Justice Amy Coney Barrett.
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1 month ago | 
news.bloomberglaw.com | Tristan Navera |Laura D. Francis |Nicholas Datlowe
A panel of appeals court judges expressed skepticism Tuesday toward Bank of America Corp.‘s bid to recoup $167 million from the IRS that Merrill Lynch overpaid in taxes before the two companies’ 2013 merger.
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2 months ago | 
news.bloomberglaw.com | Tristan Navera |Laura D. Francis |Nicholas Datlowe
A case before the US Supreme Court this week over the reaches of the US Tax Court’s jurisdiction pits taxpayer due process rights against the practical needs of the federal government. The high court will hear oral arguments Tuesday in the case of Jennifer Zuch, who says she was deprived of an opportunity to contest what she believed was an improper levy when the IRS applied a tax refund toward a prior debt and the Tax Court dismissed her challenge as moot.
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2 months ago | 
news.bloombergtax.com | Tonya Riley |Kartikay Mehrotra |Nicholas Datlowe
A federal judge struck down Ohio’s law limiting teen social media use, marking another court win for the tech industry group NetChoice fighting similar restrictions nationwide. Judge Algenon L. Marbley granted a permanent injunction against the Social Media Parental Notification Act in a Wednesday decision for the US District Court for the Southern District of Ohio. The law required platforms to verify whether its users are at least 16 and demanded parental consent for younger users.
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2 months ago | 
news.bloomberglaw.com | Perry Cooper |Laura Francis |Nicholas Datlowe
A long-running dispute between professional players’ unions and Pittsburgh over a tax on visiting athletes gives the Pennsylvania Supreme Court an opportunity to more clearly define a state constitutional requirement that taxes be applied uniformly. Pittsburgh will ask the high court at oral arguments Thursday to overturn a 6-1 state appeals court opinion striking down the city’s 3% facilities fee for violating that provision.
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Mar 24, 2025 | 
news.bloomberglaw.com | Tristan Navera |Nicholas Datlowe
March 24, 2025, 4:30 PM UTCCorporate Transparency Act Suit Paused for Briefing on New RuleA new rule that narrows the scope of the Corporate Transparency Act to exclude domestic entities from its reporting requirement require a pause in the case and additional briefing about the rule’s impact. The US Court of Appeals for the Fifth Circuit ordered both the Treasury Department and the plaintiffs in Texas Top Cop Shop v.
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Mar 21, 2025 | 
news.bloomberglaw.com | Brian Flood |Nicholas Datlowe
The US Supreme Court on Friday vacated a Seventh Circuit decision affirming former Chicago Alderman Patrick Daley Thompson’s convictions for lying to bank regulators. The law he was convicted under—which prohibits knowingly making “any false statement” to certain financial institutions—doesn’t also criminalize statements that are misleading but not false, the unanimous court said in a decision authored by Chief Justice John G.
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Mar 18, 2025 | 
news.bloomberglaw.com | John Woolley |Nicholas Datlowe
The US government’s decision to not enforce the Corporate Transparency Act against citizens or domestic companies should be fatal to a pending constitutional challenge against the law, it told the Fifth Circuit.
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Mar 12, 2025 | 
news.bloombergtax.com | Carmen Castro-Pagan |Nicholas Datlowe
A group of fired federal probationary workers is suing the federal government over their terminations, claiming that the mass firings must be reversed, in part because none of the workers were let go because of poor performance.
