interest doctrine also has been recognized in the 3rd Restatement of the Law Governing Lawyers, [section] 76, which states, in part, "If two or more clients with a common
interest in a litigated or nonlitigated matter are represented by separate lawyers and they agree to exchange information concerning the matter, a communication of any such client that otherwise qualifies as privileged .
Thus, the special valuation rules do not apply to a transfer of common
stock when the transferor retains common
Ultimately, the process should be one that has the greatest likelihood of creating a set of rules regarding a common
tax base that will be consistently applied.
128 requires all public companies to disclose basic EPS if they have a simple capital structure with no potential common
shares from convertible securities, stock options or warrants.
whites believed "that poor men were as good as rich ones," and their culture "trained them to believe that they ought to mock those in high places.
As of October 31, 2006, Triarc had 27,913,475 shares of Class A Common
Stock outstanding and 61,002,156 shares of Class B Common
Stock, Series 1, outstanding.
The premium (5% in Wallace) multiplied by the company's value would be divided by the shares of voting common
stock and then added to the voting common
stock's share price otherwise determined.
That ruling involved a corporation owning 100 percent of the common
stock and 50 percent of the preferred stock of a subsidiary.
In addition, the two-thirds yield test seems to be biased against common
stock equivalence, since it compares the return of a relatively low-risk Aa-rated corporate bond with that of a given company's convertible security that may be riskier because of the company's credit standing.
In such event, Prudential argued, it should not be required to pay the common
charges to the condominium since Prudential's first mortgage was a superior lien to the lien for unpaid common
charges according to law.
The Certificate of Designation for the Class B Common
Stock, Series 1, provides that the Class B Common
Stock, Series 1, was entitled, through September 4, 2006, to receive regular quarterly cash dividends that are at least 110% of any regular quarterly cash dividends that were paid on the Class A Common
include in basis on sale) a property's allocable share of the estimated cost of common
improvements, without regard to whether the costs are incurred under the economic performance requirement, subject to certain limitations.