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Pennsylvania's Commonwealth Court Finds NOL Cap Unconstitutional, Grants Refund to Taxpayer
2015-11-25 02:52:25| Telecom - Topix.net
In a 52 decision, the Pennsylvania Commonwealth Court in an en banc panel has held that Pennsylvania's NOL cap violates the Uniformity Clause of the Pennsylvania Constitution, and granted the taxpayer the right to deduct its NOLs without regard to the statutory NOL cap, which resulted in a refund to Nextel.1 Reed Smith represented Nextel in this case, and we previously reported on the NOL cap issue in our October 5, 2015 Alert . For background, during the period at issue in this case , the statutory NOL cap on Pennsylvania's corporate net income tax was the greater of $3 million or 12.5% of taxable income.
NY court: Targeted killings memos can be kept secret
2015-11-25 02:38:53| Biotech - Topix.net
Five people have been shot near the site of an ongoing protest over the fatal shooting of a black man by a police officer, a Minneapolis Police Department spokesman said. A judge on Monday exonerated a man convicted of three rapes after DNA evidence linked the crimes to a serial rapist wanted for assaults dating back two decades.
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secret
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Opponents ask high court to block Native Hawaiian vote count
2015-11-25 02:28:56| Airlines - Topix.net
Honolulu a Opponents of an election designed to be a significant step toward Native Hawaiian self-governance are asking the U.S. Supreme Court to block votes from being counted in what they argue is an unconstitutional, racially exclusive process. "This court's intervention is urgently needed," said the request filed Tuesday with Justice Anthony Kennedy, who can act on his own or get his colleagues involved.
Shell fined by Aberdeen Sheriff Court over Gannet Alpha oil leak in 2011
2015-11-25 01:00:00| Offshore Technology
Oil giant Shell has been fined 22,500 by the Aberdeen Sheriff Court in Scotland over an oil spill in the North Sea in 2011.
Missouri Appellate Court Upholds Disproportionate Punitive Award...
2015-11-24 20:27:15| Auto Parts - Topix.net
As we noted in a post earlier this year, the Missouri courts seem to produce more than their fair share of opinions on punitive damages issues. About a year ago we wrote a post addressing the errors in the Missouri Supreme Court's excessiveness analysis in Lewellen v.
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award
missouri
appellate
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