Cyber Security Alert: May 12, 2017 RANSOMWARE Attack


Last Friday, May 12, 2017, a world-wide ransomware attack was launched using the WannaCrypt, a.k.a, WannaCry, ransomware program in “phishing” emails and through the EternalBlue network software exploit to infect Microsoft Windows systems.
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Tax Lien Takes Priority Over Earlier Interest Where Deed is Improperly Executed


In the recent case of The Bank of NY Mellon v. Ashley, et al., 119 AFTR 2d 2017-1207 (D.C. Md. 2017), the U.S. District Court for the District of Maryland held that...
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IRS Issues Guidance on “Placed in Service” Date for Retail Stores


The IRS recently announced its disagreement with the ruling of the U.S. District Court for the Western District of Louisiana, that a retail store building could be considered “placed in service” before the retail store was open to the public for an income-producing use.
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Minibonds


The City of Cambridge, Massachusetts recently sold $2,000,000 of community sourced-minibonds (the “Community Bonds”) to finance various capital projects, including school building renovations and street and sidewalk improvements.
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Director Cordray Has Chance to Retain Power and Autonomy


The U.S. Court of Appeals for the District of Columbia Circuit Court issued its decision in PHH Corporation v. Consumer Financial Protection Bureau in October, 2016, holding that the Consumer Financial Protection Bureau (“CFPB”) was unconstitutionally structured.
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