Monday, October 15, 2018
Professor Steven Bank was quoted by Law360 on ways sports team owners might avoid limitations in tax regulations.
Thursday, October 11, 2018
Professor Steven Bank was cited in a Wall Street Journal article on the attempt by MLB owners to fight a proposed tax regulation.
Monday, October 8, 2018
SALT in the Wounds: Kirk Stark Leads National Response to Federal Tax Law
Wednesday, September 12, 2018
The application for the American College of Bankruptcy – 9th Circuit Negotiation Competition is now available. UCLA School of Law students who are interested in participating should fill out the form and submit it by October 5, 2018.
Monday, August 27, 2018
Professor Steven Bank was quoted in Agenda Week on Potential Efficacy of Proposal to Limit Executive Pay.
Tuesday, July 24, 2018
Professor Kirk Stark was quoted in Politico’s “Morning Tax” column on the current State and Local Tax (SALT) cap, suggesting that the increasing partisanship in the U.S. could cloud the forecast for a lawsuit, noting that constitutional challenges to the Affordable Care Act that were originally laughed off ended up coming very close at the Supreme Court. “It would be an uphill battle to get a court to declare the new SALT limit unconstitutional.”
Wednesday, July 18, 2018
Professor Kirk Stark was quoted in a Los Angeles Times article about a dispute between Republicans in Washington and various states – including red ones such as Alabama, Georgia, South Carolina and Louisiana – and Democratic-controlled states such as California, over charitable tax-credit programs.
Monday, June 18, 2018
Agenda, the Financial Times’ magazine for U.S. corporate directors, published an Opinion, “Time to Seriously Reconsider Director Compensation,” by senior fellow Jim Barrall in which he discusses last December’s Delaware Supreme Court decision in In re Investors Bancorp and its implications for non-employee director compensation plans. According to him, the case was decided too late for most companies to consider fundamentally restructuring their plans in time for shareholder votes in 2018. However, Barrall argues, companies now have ample time and new reasons to seriously consider amending their plans before their 2019 shareholder meetings in order to rely on the decision by further limiting the discretion of directors to determine their compensation.
Tuesday, June 12, 2018
Professor Steven Bank was cited in the Philadelphia Inquirer in an opinion piece about the politics behind World Cup Soccer, and North America’s bid to host the 2026 World Cup. Banks commented on the parallels between America’s moral crisis and its soccer crisis.
Tuesday, May 29, 2018
Professor Steven Bank was surveyed by the Philadelphia Inquirer about whether or not President Trump’s public comments will effect next month’s vote in Moscow to determine which country will host the 2026 World Cup. The president’s comments have shown strong support for North America’s bid to host. “If the United 2026 bid fails, I think it’s a bit simplistic to assign all the blame to President Trump,” Bank said. “There are multiple pre-Trump factors that could or may already be affecting the bid.”
Tuesday, May 29, 2018
Professor Kirk Stark was quoted in the Los Angeles Times about the Internal Revenue Service’s plan to block California and other states’ attempts to avoid limits on the deductibility of state and local taxes, which are included in the Republican tax overhaul. Since the IRS allows people to claim contributions to charitable programs, their plan may face challenges. Unless the IRS eliminates these programs, their new rules “will be subject to rigorous litigation,” explained Stark.
Wednesday, May 23, 2018
Professor Kirk Stark spoke with the Hartford Business Journal about Connecticut’s attempt to safeguard federal deductions by allowing municipalities to create “community supporting organizations” classified as charitable organizations. Stark states that there is no difference between what Connecticut has done and what a number of other states have done to fund school vouchers and promote other programs. “All the programs in Connecticut, New York, and New Jersey are structured on the same legal principles that underlie those programs,” Stark says.
Wednesday, May 9, 2018
Professor Lynn LoPucki wrote for the San Francisco Daily Journal on algorithms and artificial intelligence, stating that the consensus among legal scholars is that anyone can put an algorithm – an artificial intelligence – in control of an artificial entity – a corporation – without violating the law. The consequences for humankind, however, could be dramatic.
Wednesday, May 9, 2018
Professor Steven Bank spoke with The Columbus Dispatch on Franklin County Court of Common Pleas Judge Jeffrey Brown’s institution of a 90-day pause on the lawsuit initiated by the state of Ohio and the city of Columbus against Major League Soccer team, Crew SC, which wants to move to Austin, Texas.
Thursday, May 3, 2018
Lecturer Neil Wertlieb talked to NBC News about a Non-Disclosure Agreement which is at the heart of a legal dispute involving President Trump and adult film star, Stormy Daniels. “If both parties to an NDA are making promises to the other party, it’s important that they are both signatories to the contract,” said Wertlieb, noting that Trump never signed the NDA he has with Daniels. “For them to be absent a signature, it’s hard to say that commitment made by somebody in the contract is binding to the other party.”
Thursday, May 3, 2018
Professor Steven Bank was quoted in the Austin-American Statesman on a lawsuit filed by officials from Ohio and the City of Columbus aimed at keeping Major League Soccer team Columbus Crew SC in the Ohio capital. Ohio and Columbus cited an untested statute as justification for blocking the team from moving to Austin, Texas. “It’s clear that Ohio intends to vigorously defend the statute,” said Bank.
Monday, April 23, 2018
Professor Steven Bank spoke with the Austin-American Statesman on Columbus Crew owner’s strike back at an Ohio lawsuit aimed at keeping the team from possibly moving to Austin. Bank comments that who actually owns the team is a central theme that could hold the most weight of any single issue in the case. “In some ways, it’s the fundamental issue in the case. It’s kind of getting at this question of: Are ownership rights a local thing in Columbus regulating locally, or (is Ohio) trying to really interfere with this sort of vast national network of people and investors and intangible rights?” Bank says.
Thursday, April 19, 2018
The Daily Bruin recognized two UCLA Law students, Mac Kennedy and Mary Vu, for winning first place at the Lowell Milken Institute-Sandler Prize for New Entrepreneurs event on April 11th. Kennedy and Vu’s startup company, “Mote,” works to recycle carbon dioxide emissions from vehicles into plastic.
Tuesday, April 17, 2018
The Washington Post quoted Jim Barrall, Senior Fellow in Residence at the Lowell Milken Institute for Business Law and Policy, in an article about Facebook’s disclosure of CEO Mark Zuckerberg’s security expenses. In 2017, the company spent $8.8 million to protect Zuckerberg’s overall safety, a figure that is significantly higher than what most high-profile companies have spent on their CEOs. “He’s the founder and face of that company, and has been the subject of specific threats,” explained Barrall. “If I were on the board, I would want him protected 24/7.”