The Trump administration=E2=80=99s retreat from an Obama-era policy limit= ing the enforcement of federal marijuana laws could prompt a backlash from = states that rely on tax revenue from the cannabis industry and force Congre= ss to draft marijuana reform laws.

Friday, January 5, 2018

TOP NEWS

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Analysis

DOJ Reversal May Sp= ark State Pushback Over Lost Pot Taxes

The Trump administration’s retreat from an Obama-era policy lim= iting the enforcement of federal marijuana laws could prompt a backlash fro= m states that rely on tax revenue from the cannabis industry and force Cong= ress to draft marijuana reform laws. Read more »

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Analysis

States Waste No Tim= e Crafting Pushback To Federal Tax Law

Despite widespread uncertainties over its content and a strong likeli= hood of multiple changes and corrections, state and local lawmakers are was= ting no time in efforts to offset or ameliorate the impacts of the just-sig= ned federal tax reform law. Read more »

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CPA Group Urges Del= ay In New Partnership Auditing Regime

The American Institute of Certified Public Accountants on Thursday re= newed its plea for lawmakers to pass legislation delaying the implementatio= n of the centralized partnership audit regime established by the Bipartisan= Budget Act of 2015, which took effect on Jan. 1, 2018. Read more »

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San Antonio Tells= 5th Circ. To Rethink Reversal Of $84M Award

The city of San Antonio asked the Fifth Circuit= Wednesday to reconsider its decision reversing an $84 million award in a d= ispute with online travel companies over Texas' hotel-occupancy tax ordinan= ces, saying the court overlooked the city’s tax ordinance. Read more »

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Analysis

Manafort's Unlike= ly Shot At Mueller Aimed For Public Splash

Paul Manafort's new civil suit against special counsel Robert Mueller= risks jeopardizing his odds of a negotiating a plea and his standing in th= e parallel criminal case, but white collar attorneys say the onetime Trump = campaign chair could be signaling his loyalty to the president by publicly = attacking Mueller's mandate. Read more »

FEDERAL

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Sessions Reverses O= bama-Era Marijuana Enforcement Policy

Attorney General Jeff Sessions has rolled back an Obama-era policy of= refraining from prosecuting marijuana businesses and individual users in s= tates that have legalized the drug for medicinal or recreational use, the U= .S. Department of Justice said Thursday, calling the move a “return t= o the rule of law.” Read more »

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US Asks To Ax Subpo= enas In $25M Anadarko Tax Refund Fight

Internal communications of IRS and Treasury attorneys are privileged = and not subject to a deposition request, the U.S. argued in a motion filed = Wednesday asking a federal district court to quash subpoenas of three feder= al attorneys noticed by Anadarko Petroleum Corp. in the company’s $25= million tax refund lawsuit. Read more »

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IRS Cooperator Get= s 2 Years For Lying About Tax Fraudsters

A Massachusetts resident was sentenced to nearly two years in prison = for misleading federal agents and falsely implicating someone when he was p= urportedly aiding in a tax fraud investigation, prosecutors announced Wedne= sday. Read more »

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Stockbridge-Munsee = Opposes Sanction In Wis. Casino Dispute

The Stockbridge-Munsee Community told a Wisconsin federal judge on We= dnesday its counsel should not be sanctioned for trying to amend its compla= int after its initial casino expansion suit claims against the Ho-Chunk Nat= ion were thrown out, arguing that its behavior was reasonable and in the cl= ient’s interest. Read more »

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IRS Sues Texas Oilman Fo= r $21M In Unpaid Income Taxes

The Internal Revenue Service filed suit in a Texas federal court Wedn= esday to collect $21.5 million in back taxes from a Texas oilman and his ex= ploration company. Read more »

STATE & LOCAL

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Eversource Says Ta= x Bill Allows It To Lower Customer Rates

Eversource announced Thursday that it will pass some of the millions = of dollars it will save under the newly-passed federal tax bill onto its Ma= ssachusetts customers. Read more »

INTERNATIONAL

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Argentina Passes Tax A= voidance Rules On Exports, Havens

Argentina has enacted new anti-tax-avoidance legislation for 2018, in= cluding rules on imports and exports of goods and more expansive criteria f= or tax havens. Read more »

EXPERT ANALYSIS

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The Broader Implications = Of Sessions’ Marijuana Move

Beyond what it heralds for the marijuana industry, Jeff Sessions̵= 7; memo on marijuana enforcement signals a new era of increasingly decentra= lized federal prosecutorial power, say attorneys with Perkins Coie LLP, inc= luding former Colorado Chief Justice Michael Bender. Read more »

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Litigation Finance Trends To Wat= ch In 2018

Jay Greenberg and Max Volsky, co-founders of litigation finance platf= orm LexShares Inc., analyze emerging trends based on conversations with the= ir investors and executives in this rapidly evolving sector. Read more »

LEGAL INDUSTRY

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Analysis

Sessions' Pivot On Pot= Could Put Chill On Cannabis Law

Attorney General Jeff Sessions on Thursday reversed an Obama-era pol= icy that provided some cover for state-legal marijuana companies acting in = compliance with local and state laws, creating a potential chilling effect = for cannabis lawyers serving clients in this legal gray area. R= ead more »

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7th Circ. Forms Commit= tee To Examine Sexual Harassment

In the wake of Ninth Circuit Judge Alex Kozinski’s retirement = following allegations of inappropriate behavior, the Seventh Circuit’= s chief judge created a committee to look at how complaints of harassment b= rought by people employed in the circuit’s courts are handled. = Read more »

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Lobbyist Says Firm= Fired Her For Anti-Harassment Campaign

A former California lobbyist sued Wilke Fleury Hoffelt Gould &a= mp; Birney LLP in Sacramento on Tuesday, alleging that the firm fired her f= or signing an open letter aimed at raising awareness of sexual harassment i= n the wake of the high-profile allegations against producer Harvey Weinstei= n. Read more »

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7-Atty Sedgwick Team Make= s Move To Steptoe & Johnson

Steptoe & Johnson LLP announced on Thursday that the firm has ad= ded a group of seven attorneys in San Francisco and Chicago to its commerci= al litigation practice from the soon-to-be-dissolved Sedgwick LLP. Read more »

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Analysis

New US Atty Temps M= eet Colleagues' Praise, Senate Side-Eye

Nearly a year after President Donald Trump's inauguration, the admin= istration has tapped four private-sector lawyers for high profile U.S. atto= rney jobs in New York, New Jersey and California on an interim basis, endin= g months of jockeying and speculation and setting the stage for their forma= l nominations. Read more »

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Lake Whillans Closes $125= M Litigation Funding Round

Litigation finance firm Lake Whillans closed a $125 million round of= funding at the end of the year, the firm said Thursday, marking the first = time the firm has looked outward since its inception in 2013. Read= more »

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Law360's Weekly Verdict: Legal L= ions & Lambs

Morris Nichols Arsht & Tunnell LLP and Eimer Stahl LLP rose to t= he top of this week’s legal lions list with a victory at the Third Ci= rcuit freeing their client, a subsidiary of Venezuela's national oil compan= y, from litigation over a $1.4 billion arbitration award, while McDermott W= ill & Emery LLP and its co-counsel landed on the lambs list after faili= ng to prevent a Manhattan federal jury from convicting a Turkish banker cha= rged with helping Iran evade billions of dollars in U.S. sanctions. <= a href=3D"https://www.law360.com/tax/articles/998743/law360-s-weekly-verdic= t-legal-lions-lambs?nl_pk=3D0418e859-ed1f-40ac-9fca-fb4ddee2a32d&utm_source= =3Dnewsletter&utm_medium=3Demail&utm_campaign=3Dtax&read_more=3D1" = style=3D"text-decoration: none; color: #00357E;font-weight:normal;">Read mo= re »

JOBS
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LAW FIRMS

Steptoe & Johnson LLP<= /p>

COMPANIES

Anadarko Petrol= eum Corporation

Apartm= ent Investment & Management Company

CA Inc.

Chiquita Bra= nds International Inc.

Crystallex Inter= national Corp

Ernst & Young

Fi= nancial Industry Regulatory Authority Inc.

General Mills Inc.

Ho-Chunk Gaming

Hotels.com

LG&E and KU Energy = LLC

McDonald's Corporat= ion

NFL Enterprises LLC

New York Times Co.

PricewaterhouseCoopers<= /a>

GOVERNMENT = AGENCIES

Federal Bureau = of Investigation

Federal Judicial Center=

Government Acc= ountability Office

Ho-Chunk Nation

Internal Revenue Servi= ce

Securities a= nd Exchange Commission

Stockbridge-Munsee= Community

U.S. Army

U.S. Attorney's Offic= e

U.S. Department of = Justice

U.S. Department = of the Treasury

U.S. Marine Corps

U.S. Supreme Court

Wisconsin Depar= tment of Justice

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