An investment fund challenged an IRS determination that various contracts entered into between the fund and an investment bank resulted in the fund having effective ownership of the positions that were the subject of the contracts.
U.S. Attorney for the Southern District of New York Preet Bharara sent a letter to the International Consortium of Investigative Journalists asking for information that could assist in a new criminal investigation concerning "matters to which the 'Panama Papers' are relevant."
A U.S. District Court Judge denied a renewable energy company's Motion for Summary Judgment in a case involving violations of the False Claims Act. The case concerns allegations that the renewable energy company committed fraudulent actions from which it received approximately $136,800,000 in grant money from the United States.
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