Insurance Practice Group Alert: Use of Credit Ratings in Capital Requirements for Insurers -- The Collins "Fix"
Advertising Alert: Second Circuit Clarifies Its False Advertising Jurisprudence
Please use the form below to search for any relevant publications pertaining to your specific needs. If you would like to be added to Kramer Levin's publications distribution list, please click onto the Publications Sign Up in the right side bar.
Individual Clients partner Cheryl E. Hader was quoted in a May 24, 2012 New York Times article about reported rumors that the Steinbrenner family has been exploring a possible sale of the New York Yankees. Ms. Hader was quoted as saying that the threat of an increase in the federal capital gains tax might prompt an interest in selling the team. She said that it is likely that the trusts set up by the late George Steinbrenner were generation-skipping trusts – affording heirs the avoidance of transfer taxes at the passing of the previous generation and protection from creditors. Ms. Hader also said it is possible that a sale of the team was not ruled out in the terms of the trusts, saying, “Theoretically, he [George Steinbrenner] could have said ‘Only if there is a strong reason’ – like emergency financial needs.”