Canada Introduces Resource Sector Transparency Act to Fight Corruption

On October 23, 2014, the Canadian government introduced the Extractive Sector Transparency Measures Act (the “Act”). The purpose of the Act is to implement Canada’s international commitments to participate in the fight against corruption through the implementation of measures applicable to the resource sector. Specifically, the Act requires entities involved in the commercial development of oil, gas or minerals to publicly disclose certain payments they make to governments.

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Canadian Securities Administrators Float Venture Issuer Regulation Proposals

On May 31, 2010, six provincial securities commissions issued CSA Multilateral Consultation Paper 51-403 Tailoring Venture Issuer Regulation (“MCP 51-403″) to assess market interest in pursuing a more tailored approach to regulation of the venture market.

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Canadian Tax Changes for Employee Stock Options

The Canadian federal budget (the “Budget”), announced and effective March 4, 2010, introduced some notable changes to the tax ramifications of employee stock options.

Employees that acquire shares of their employer pursuant to an employee stock option agreement (or a tandem stock appreciation right, settled in shares) are required to include as income the difference between the value of the security at the time the option is exercised and the amount actually paid by the employee on the exercise of the option as a taxable employment benefit. This continues to be the case. The changes made relate largely to the timing of the inclusion and the availability of a tax deduction, meant to reduce the value of the taxable benefit (in some cases) to mirror capital gains treatment.

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Tax Attorney David H. Godenswager II joins McDonald Hopkins

CLEVELAND, Ohio (November 7, 2014) – David H. Godenswager II has joined the Cleveland office of McDonald Hopkins as an associate in the firm’s Private Client Department.

Godenswager joins McDonald Hopkins after more than eight years at SS&G, one of the nation’s largest independent accounting and business consulting firms, where he was a member of the Transaction Advisory Services Group and International Tax Practice. He has substantial experience advising both private equity and corporate clients on merger, acquisition, reorganization, and restructuring activities, including due diligence, integration planning, identification and capture of synergies, transaction structuring, and valuation. Previously, he served nearly five years as an Associate at Zaccardelli Financial Services LLC in Parma Heights, Ohio.

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Special Report: What every higher education board member should know about college and university business officers

Consider this: colleges and universities are confronting declining enrollments and escalating costs while national student debt is staggering and many are questioning whether college is worth it. Are college and university board members appropriately engaged in this potential industry crisis? They should be. Those who sit on a higher education institution’s board have a legal duty to uphold the mission of providing a quality education, and to make sure they are fully informed about both the state of higher education and their institution. One important way to be proactive in fulfilling this responsibility is to be independently informed by discovering how the individuals in the trenches – the college and university business officers – view the financial stability of their institutions.

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Tax Attorney David H. Godenswager II joins McDonald Hopkins

CLEVELAND, Ohio (November 7, 2014) – David H. Godenswager II has joined the Cleveland office of McDonald Hopkins as an associate in the firm’s Private Client Department.

Godenswager joins McDonald Hopkins after more than eight years at SS&G, one of the nation’s largest independent accounting and business consulting firms, where he was a member of the Transaction Advisory Services Group and International Tax Practice. He has substantial experience advising both private equity and corporate clients on merger, acquisition, reorganization, and restructuring activities, including due diligence, integration planning, identification and capture of synergies, transaction structuring, and valuation. Previously, he served nearly five years as an Associate at Zaccardelli Financial Services LLC in Parma Heights, Ohio.

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McDonald Hopkins Government Strategies Advisory: This Week in Washington — November 7, 2014

Editor’s Note: With the critical midterm elections that took place on Tuesday, we present a special election preview edition of This Week in Washington.

House wrap up

Control of the House of Representatives was never in question – Republicans were expected to not only hold the House but to actually expand on their majority.

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Healthcare Alert: The OIG plans to review clinical laboratory billing practices in 2015

The Office of Inspector General (OIG) released its Work Plan for Fiscal Year 2015 (2015 Work Plan) last week. The 2015 Work Plan lays out the projects and investigations that the OIG plans to tackle throughout the year and provides insight into the focus areas of the OIG in its efforts to identify and prevent fraud, abuse and waste in healthcare. Healthcare providers can use the annual OIG work plans to assess compliance with the areas of concern to the OIG, as well as to provide advance notice of the provider’s activities that may be reviewed by the OIG.

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ILN Today Post

HOWARD & HOWARD RATED AMONG NATION’S BEST LAW FIRMS BY U.S. NEWS & WORLD REPORT AND BEST LAWYERS®

Royal Oak, Michigan, November 6, 2014:  Howard & Howard has been ranked in the 2015 “Best Law Firms” list by U.S. News & World Report and Best Lawyers® in the following areas:

Metropolitan Tier 1

  • Detroit
    • Litigation – Intellectual Property
    • Litigation – Patent
    • Trademark Law
  • Las Vegas
    • Labor Law – Management
    • Litigation – Labor & Employment

More…

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ILN Today Post

Fed. Circ. Revives Web Conference IP Suit Against Microsoft

Congratulations to Scott Marrs and Bill Norvell, and their entire team, Brian Bagley, Andy McGill, Mike Hansen, Diane Osterholt and Roy Eanes, for achieving a huge win this morning.

This morning the United States Court of Appeals for the Federal Circuit issued an opinion (see attached) in Richard A. Williamson, Trustee for At Home Bondholders Liquidating Trust (Plaintiff-Appellant) v. Citrix Online, LLC, Citrix Systems, Inc., Microsoft Corporation, and Adobe Systems, Inc. et al.  Beirne, Maynard & Parsons represents plaintiffs in this very complex litigation involving intellectual property rights, which is pending in the United States District Court for the Central District of California.  The appeal was argued approximately a year ago and the opinion has been long awaited.

It has been worth the wait.

The Court ruled in our client’s favor on all points, and has remanded the matter back to the District Court for further proceedings.  More…

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