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Monsanto Settlements: The IRS is the Biggest Winner

  • 8 August 2019
  • Author: Cari Holbrook
  • Number of views: 51
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Monsanto Settlements:  The IRS is the Biggest Winner

The bizarre Trump tax law that kills tax deductions on legal fees means Monsanto plaintiffs walk away with much less than they hoped, as they are double-taxed on legal fees. And the IRS? It could score billions of dollars.  

More Lessons on Jury Awards Taxed as Ordinary Income

  • 9 May 2019
  • Author: Cari Holbrook
  • Number of views: 180
  • 0 Comments
More Lessons on Jury Awards Taxed as Ordinary Income

A recent court ruling held that a jury award of tort damages (including interest) that a cattle and dairy farmer received in a stray voltage lawsuit were ordinary income which should have been included in the farmer’s taxable income; thereby increasing his taxes. An important lesson in this case includes the tax price of winning a court case.


Expert Witnesses Are Not Immune to Malpractice Claims

  • 3 April 2019
  • Author: Cari Holbrook
  • Number of views: 301
  • 0 Comments
Expert Witnesses Are Not Immune to Malpractice Claims

A Michigan Court of Appeals recently ruled that expert witnesses can’t simply claim witness immunity for testimony that can be considered incompetent. Instead, licensed professionals acting as expert witnesses owe the same professional diligence to the party for which they testify as they would to any client. Failing in doing so could result in malpractice.


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