A class action is a type of legal action where a representative individual or group of individuals can bring a claim on behalf of a larger group or class who share a common legal interest.
Settlement agreement wording is important and can help avoid tax trouble. It does not bind the IRS, but helpful tax language in a settlement agreement can resolve audits.
Court underscores that for directors to face liability for ignoring known risks, those risks must constitute “legal violations so obvious and material that disregarding them amounts to bad faith ...
Among them is Gunna, who, in late 2022, made an Alford plea: pleading guilty to obtain a favorable sentence, while maintaining his innocence. That resulted in his five-year sentence being commuted ...