Supreme Court

Justices seem to favor IRS in dispute over shareholder’s life insurance policy

Justices seem to favor IRS in dispute over shareholder’s life insurance policy

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The justices were considerably more subdued in the argument in Connelly v. Internal Revenue Service than they were on Tuesday, when they confronted the FDA’s treatment of the abortion drug mifepristone. This is a case about the tax treatment of life insurance policies that closely held corporations use to manage the death of a shareholder. Assume, as is common, a small corporation owned by members of the same family. When one dies, if the surviving shareholders want to keep … Read the rest

Supreme Court

Justices seem to resolve Dogecoin arbitration dispute during argument

Justices seem to resolve Dogecoin arbitration dispute during argument

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Wednesday’s oral argument in Coinbase v. Suski was the court’s second case in February under the Federal Arbitration Act, and by all accounts this one will be a lot easier for them to resolve than Bissonnette v. LePage Bakeries. Coinbase is a technical dispute about the “delegation clause” in an arbitration agreement, which “delegates” to the arbitrator not only the job of resolving the dispute between the parties, but also the threshold question whether any particular dispute falls … Read the rest