Development tax incentives, grants could be taxed, but shouldn't dissuade Amazon HQ2 bids, attorney says
Businesses who take advantage of government financial incentives to expand or build new facilities could face new tax liability under important IRS document issued 10 years ago, but just now coming into its own. However, that should not have much of an impact on the push by Chicago and other U.S. cities and states to land Amazon's HQ2, according to a leading tax expert, attorney and former director of South Carolina's Revenue Department.
As class action litigation continues to grow across the U.S. against the pharmaceutical companies that made opioid prescription painkillers, the city of Chicago has also set its sights in court on three companies it blames for distributing the addictive pills here, saying the companies should be made to pay for allegedly not monitoring the flow of the drugs or halting the suspicious activity at pharmacies and elsewhere that allegedly “fueled” the black market for the drugs.
CLEVELAND (Legal Newsline) - The judge overseeing multidistrict litigation against opioid manufacturers and distributors has named the teams of lawyers who will try to negotiate a settlement of hundreds of federal lawsuits - a complex task given parallel investigations and litigation by state attorneys general and potentially conflicting goals of private attorneys and their government counterparts.
Cook County jumps into legal fray vs pharmaceutical makers, hires Simmons, Meyers & Flowers to sue over 'opioids'
Cook County, the second largest county in the U.S., has added its name to the ever-growing list of local governments demanding the makers of some of the most prescribed opioid painkillers pay out, saying the companies owe big money for costs the county has incurred in treating painkiller addiction and dealing with its aftermath at the county’s hospitals and other institutions.
A federal judge has placed on hold the city of Chicago’s lawsuit accusing the makers of prescription painkillers like Oxycontin and Percocet – so-called “opioids” – of falsely marketing their drugs to doctors. defrauding City Hall and other employee health plan administrators, while giving time for a panel of federal judges to decide if the action should be consolidated with other similar lawsuits, brought by cities and others, now pending in other jurisdictions.
A federal appeals panel in Chicago has upheld lower courts’ dismissal of several asbestos exposure lawsuits brought against door maker Weyerhaeuser Company and Owens-Illinois Inc., saying their dispute with Weyerhauser should be handled under Wisconsin’s workers compensation law, and their claims against Owens-Illinois don’t belong in court at all.