In this article published in Law360, Bradley Wendt provides context around Puerto Rico petitioning for court protection, and thereby creating the largest municipal bankruptcy in U.S. history. He reviews the legislative process leading to the filing for court protection, including a discussion of parties supporting and opposing the filing. The review concludes with an analysis of the dominant debt restructuring issues being considered by the court and stakeholders. To read the article, click the link below.
ERISA forfeitures and class action lawsuits
The Internal Revenue Service (IRS) has supported this practice; however, current litigation focuses on whether using forfeitures to reduce employer...