IR-2019-157, September 16, 2019 WASHINGTON — The Internal Revenue Service announced today the mailing of a time-limited settlement offer for certain taxpayers under audit who participated in abusive micro-captive insurance transactions. Taxpayers eligible for this offer will be notified by letter with the applicable terms. Taxpayers who do not receive such a letter are not eligible […]
Monthly Archives: September 2019
Apple Arcade: It’s time to play
When Apple Arcade launches on the App Store on September 19, players around the world will start to get their hands on games that have been years in the making. The developers behind them have woven artistry, curiosity and a lot of heart into a curated selection of diverse, fresh games made possible by Apple […]
Dean Patrick McDermott, McDermott Investment Advisors, LLC and McDermott Investment Services, LLC
Litigation Release No. 24595 / September 13, 2019 U.S. Securities and Exchange Commission v. Dean Patrick McDermott, McDermott Investment Advisors, LLC and McDermott Investment Services, LLC Washington D.C., September 13, 2019 – The Securities and Exchange Commission today announced charges against McDermott Investment Advisors, LLC (MIA), a Fort Myers, FL investment advisory firm, and Dean […]
Northridge Holdings, Ltd. et al.
On September 5, 2019, the Securities and Exchange Commission filed an emergency action against Glenn C. Mueller, his company Northridge Holdings, Ltd., and other affiliated entities charging them with engaging in a $41 million fraudulent, unregistered securities offering. Yesterday the United States District Court for the Northern District of Illinois entered orders imposing a preliminary […]
Kevin B. Merrill, et al.
Litigation Release No. 24593 / September 13, 2019 Securities and Exchange Commission v. Kevin B. Merrill, et al., Civil Action No. 18-cv-2844-RDB (D. Md. Filed September 13, 2018) Washington D.C., Sept. 13, 2019 – The Securities and Exchange Commission today announced that three individuals previously charged in a $345 million offering fraud have agreed to […]
Bio Defense Corporation, et al.
Litigation Release No. 24592 / September 13, 2019 Securities and Exchange Commission v. Bio Defense Corporation, et al., No. 1:12-cv-11669 (D. Mass. filed Sept. 10, 2012) The Securities and Exchange Commission has obtained final judgments against a Mass.-based company and five former senior executives and consultants, all of whom the agency charged in 2012 with […]
Rejection by London Stock Exchange Group plc of the Possible Offer by HKEX
Possible offer (the “Offer“) by Hong Kong Exchanges and Clearing Limited (“HKEX”) for London Stock Exchange Group plc (“LSEG”) ACCESS TO THIS AREA OF THE WEBSITE (“MICROSITE”) MAY BE RESTRICTED UNDER SECURITIES LAWS OR REGULATIONS IN CERTAIN JURISDICTIONS. THIS NOTICE REQUIRES YOU TO CONFIRM CERTAIN MATTERS (INCLUDING THAT YOU ARE NOT RESIDENT IN SUCH A […]
Adam Mattessich and Joseph (a/k/a Jay) Ludovico
Litigation Release No. 24591 / Sept. 13, 2019 Securities and Exchange Commission v. Adam Mattessich and Joseph (a/k/a Jay) Ludovico, No. 18-cv-5884 (S.D.N.Y. filed June 29, 2018) On September 9, 2019, the Honorable Katherine Polk Failla of the U.S. District Court for the Southern District of New York denied a motion by Adam Mattessich and […]
Notice to Shareholders Regarding UK Disclosure Requirements
Possible offer (the “Offer“) by Hong Kong Exchanges and Clearing Limited (“HKEX”) for London Stock Exchange Group plc (“LSEG”) ACCESS TO THIS AREA OF THE WEBSITE (“MICROSITE”) MAY BE RESTRICTED UNDER SECURITIES LAWS OR REGULATIONS IN CERTAIN JURISDICTIONS. THIS NOTICE REQUIRES YOU TO CONFIRM CERTAIN MATTERS (INCLUDING THAT YOU ARE NOT RESIDENT IN SUCH A […]
FTC Puts Conditions on NEXUS Gas Transmission, LLC’s Acquisition of Generation Pipeline LLC
Joint venture NEXUS Gas Transmission, LLC, and its member companies, DTE Energy Company and Enbridge Inc., will settle Federal Trade Commission charges that the joint venture’s acquisition of an Ohio pipeline would likely harm competition to provide natural gas pipeline transportation in a three-county area that includes Toledo, Ohio. According to the FTC’s complaint, NEXUS, which […]