In the most recent signal that the legal challenge to Eletson Holdings Inc.’s Chapter 11 plan may be running out of options, Reed Smith LLP, Eletson’s former legal counsel, and the bankrupt shippi...
Read More
U.S. Sen. Ron Wyden (D-OR) is seeking answers from Treasury Secretary Scott Bessent following a report that personnel associated with Elon Musk sought access to a Treasury Department payment system. ...
Read More
U.S. Sens. Mike Crapo (R-ID) and Ron Wyden (D-OR) released a discussion draft of a bill that seeks to make several changes to procedure and administration at the Internal Revenue Service (IRS). The...
Read More
U.S. Reps. Mike Turner (R-OH) and Mikie Sherrill introduced legislation that would reinstate the expired brownfields tax incentive. The Brownfields Redevelopment Tax Incentive Reauthorization Act (...
Read More
The Securities and Exchange Commission (SEC) published its annual report on Nationally Recognized Statistical Rating Organizations (NRSROs), or credit rating agencies. The report, produced by the...
Read More
U.S. Sens. Shelley Moore Capito (R-WV) and John Hickenlooper (D-CO) introduced legislation designed to protect consumers and small businesses from cyberattacks Monday. The Insure Cybersecurity Act...
Read More
A bill that would repeal the Biden-era Superfund Tax targeting chemical manufacturers was introduced last week by House Republicans. The bill would amend the Internal Revenue Code of 1986 to repeal...
Read More
Ancora Holdings Group LLC, a prominent Cleveland-based activist investment firm and growing shareholder of U.S. Steel, made a bold step on Monday to transform the manufacturing company’s future. ...
Read More
U.S. Sens. Elizabeth Warren (D-MA) and Jack Reed (D-RI) sent inquiries to the largest U.S. banks seeking information on why deposit interest rates were much lower than loan interest rates. The la...
Read More
There is no longer any ambiguity about greenmailing in Ohio now that Gov. Mike DeWine has signed a new law that includes language codifying a 2024 ruling by former Franklin County Ohio Court of Appeal...
Read More