Insights

Supreme Court Limits the After-Acquired Evidence Defense

The hotly contested issue of whether after-acquired evidence should be a defense in employment discrimi-nation litigation was...

IRS Issues Guidance on Limited Liability Companies

CLASSIFICATION FOR FEDERAL TAX PURPOSES Almost all states (including New Jersey and New York) have enacted Limited...

IRS Grants Reprieve to Family Limited Partnerships

The family limited partnership ("FLP") has become an attractive vehicle to manage family assets, provide some protection...

Employers Are Liable, Without Fault, for Claims under CEPA and Should Consider Whether to Enact Policies to Prevent Such Claims

In 1986, the New Jersey Legislature enacted the Conscientious Employee Protection Act ("CEPA"), to protect employees from...

Minors’Accounts Present Troubling Tax and Practice Problems

Parents and grandparents who wish to make gifts to minor children and grandchildren are sometimes advised to...

Pension and IRA Benefits May Be Best Source of Charitable Gifts

Amounts contributed on a pre-tax basis to "qualified plans" such as a pension, profit-sharing, 401(k) plan, Keogh...

Simultaneous Gifts of Closely-Held Stock Not Aggregated for Valuation Purposes

In a recent Technical Advice Memorandum ("TAM"), the IRS concluded that when gifts of closely-held stock are...

Uniform Commercial Code Changes

On October 12, 1994, Governor Whitman signed into effect a bill which enacted Chapter 2A (regulation of...

Listing of Collateral Agent on UCC-1 Financing Statement

In the Ninth Circuit Federal Court of Appeals decision in Chemical Bank v. Security Pacific National Bank,...