April 5, 2019 | Compensation Planning Journal
Enacted on December 22, 2017, the 2017 tax act (Pub. L. No. 115-97, §13602(a)) added §4960 to the Internal Revenue Code. This new section imposes an excise tax on the amount of ‘‘remuneration’’ in excess of $1 million, plus any ‘‘excess parachute payment’’ paid by an ‘‘applicable tax-exempt organization’’ to a ‘‘covered employee.’’ The Chair of Mintz’s Employee Benefits & Executive Compensation Practice, Alden J. Bianchi, and associate Alexander K. Song, explore §4960 in this article, and conclude that from the perspective of the board or management of an ATEO, there is a lot not to like in §4960 and the IRS’s interpretation of the statute in the Notice.
April 2, 2019 | Millbank Monitor
Mintz attorney John Rudy is quoted in this article on how U.S. companies eyeing billions of dollars in initial public offerings to kick off the new year are fast running out of time, as the U.S. government shutdown enters its 35th day.
April 1, 2019 | CNBC
Susan Cohen, the founding chair of Mintz's Immigration Practice, is quoted in this article on how tech companies are watching this years H-1B visa lottery, which opened up on April 1, closely. Changes to the system are expected to give master’s degree candidates a better shot.
April 1, 2019 | GlobeSt.com
Robert Koen and Stephen Friedberg, attorneys at the Mintz law firm, share some of the pressing legal issues and what they tell clients in previewing GlobeSt.com's upcoming Net Lease Event.
March 29, 2019 | Law360
Mintz attorneys, Mathilda McGee-Tubb and Joshua Briones, author this article which addresses the case before the Ninth Circuit, where Facebook contends that a BIPA class action would violate federal due process, because it could result in a huge statutory damages award untethered to any injury, and inconsistent with BIPA’s legislative intent. If Facebook succeeds in this argument, it will open the door to other defendants doing the same.