When the Director of President Trump’s National Economic Council Gary Cohn resigned in March, the stock market dropped almost 300 points the morning after the announcement.1 While your first reaction may be to write it off as coincidental, it is anything but, as the market displayed a similar reaction when rumors of his resignation were…
Author: Matthew McCarthy
Illegal Motion: The Breach of Contract Lawsuit over the Relocation of the Los Angeles Rams
When Stan Kroenke bought a majority share of the St. Louis Rams in 2010, he did so while making an assurance that he was going to do everything he could to keep the Rams in St. Louis.1 And yet, less than six years after taking control, Kroenke and the Rams got league approval to move…
Something to Like about the Tax Cut and Jobs Act: Preserving Like-kind Exchanges for Real Property
Leading up to the release of the House Ways and Means Committee’s tax reform bill, called the Tax Cut and Jobs act, very little was known about which provisions were to be affected. While it would not have taken an astute commentator to posit the bill was going to reduce corporate tax rates, the method…
The Art of the Deal? Taking a Closer Look at Wisconsin’s $3 Billion Deal with Foxconn
Last month, Wisconsin governor Scott Walker signed into law a bill approving up to $3 billion in subsidies and tax breaks for Taiwanese tech giant Foxconn, in return for the company’s promise to build a manufacturing facility in the state.1 Under the agreement, Foxconn would invest $10 billion to construct a facility over six years,…