Mergers & Acquisitions Law Report Index-Summary

LAWYERS

LAYOFFS

– Banks, PNC/National City merger, 10 percent reduction expected, 128
– Delta Air Lines cuts capacity, voluntary program announced, 8
– Pfizer/Wyeth merger to result in 19K workforce reduction, 128

LEGISLATION, FEDERAL

– Ed. Note: This heading covers bills with assigned numbers. For information on measures not yet assigned numbers, see specific subject headings.
– House

– – HR 233, Railroad Antitrust Enforcement Act, repeal of antitrust exemption, Baldwin (D-Wis) introduces, subcommittee debates, 486; subcommittee clears, 720; Judiciary Comm. reports out, 865
– – HR 1935, Carried interest, capital gains taxation as ordinary income, Levin (D-Mich), recent developments, 1029

– Senate

– – S 146, Railroad Antitrust Enforcement Act, repeal of antitrust exemption, Kohl (D-Wis), Judiciary Comm. clears, 209; Commerce and Judiciary committees settle jurisdictional issues, 529
– – S 673, Newspapers, tax-exempt status, Cardin (D-Md), bill poses dilemma for newsrooms, Special Report, 479

LIMITATIONS PERIOD

See STATUTES OF LIMITATIONS

LOCAL TAXES

See STATE AND LOCAL TAXES

LOSSES

– Consolidated returns loss disallowance regs. clarification in works, 450; work continues, comment period opened, 956
– Fair value accounting

See ACCOUNTING

– Loan loss accounting, SEC sends letters to CFOs urging reevaluation in management discussion and analysis disclosures, 798
– Merger agreement termination fee deductible loss (T.C.), 417; Analysis & Perspective, 434
– NOLs, Idaho eliminates special limitations on losses of merged companies, In Brief, 827
– Ownership changes in loss corporations

See OWNERSHIP CHANGES IN LOSS CORPORATIONS

– Partnership mergers, divisions, and tiered entities, §704(c) gains and losses, comments sought (Notice), 777; commenters seek clarification, 824; practitioners urged to comment, 958