Bankruptcy Blogs

Receiving Wide Coverage ...

A Golden Age for Whistleblowers?: The Internal Revenue Service has awarded Bradley Birkenfeld, a convicted former banker, $104 million for the role he played in exposing the aid Swiss bank UBS provided to wealthy clients in a decades-long effort to help them evade paying taxes. According to the Journal, details provided by Birkenfeld ultimately led UBS "to turn over the names of more than 4,000 account holders who were U.S. taxpayers and...

While holding that Congress intended patent-eligible subject matter to "include anything under the sun that is made by man," the Supreme Court has consistently identified three exceptions: laws of nature, physical phenomena and abstract ideas. That last exception has proven most problematic for financial inventions.

From running off his mouth

Me, over at this place called The New York Times, on the safe harbors in the Code, again.

Receiving Wide Coverage ...

Wait a Minute … Do Bailouts Work?: That seems to be the question following the Treasury Department's now official sale of a massive chunk of AIG stock it purchased at the height of the financial crisis. According to the Journal, the Treasury sold shares to the public at $32.50 apiece, netting $18 billion, and bringing the federal government's return on its original $182.3 billion investment in the insurance firm to a combined...