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November 1-15, 2004

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November 1-15, 2004

November 1-15, 2004

Court Reverses $1.5 Million Jury Verdict For CFO Who Complained about Billing Practices
Exception to right to fire employee-at-will applies only when employee refuses to perform illegal act

Court Refuses to Decide Among Factions, Remands Case for New Elections
Election meeting called by new group was invalid, but old group failed to show it had authority as a Board

California Enacts Sarbanes-type Requirements for Charities
Groups with receipts over $2 million must prepare financial statements and form audit committee

Ready Reference Page

Using a CRUT for Stock Options Can Be a Strategy That Sells Itself
Planning testamentary disposition of non-qualified deferred compensation can provide a virtually no risk technique for younger donors

Issues Notes

Thursday with the Editor, November 18, 1:00 ET
"This Year in Nonprofit Law" - Thursday, December 2, 2004 

To the Point

If my city gives our charitable organization a house to use as a shelter can it be used as in-kind money? 

Lessons from Litigation

  • Uninsured patients’ suits denied consolidation;
  • Alabama case dismissed on summary judgment
  • Federal Court abstains from suit to enjoin state criminal investigation

Tax Matters

  • Independent living units of home for aged are entitled to real estate tax exemption
  • Foundation grant to school which may be used to repay loan from Foundation founder is not self-dealing

Employment Law

  • Husband not guilty of facilitating wife’s theft; Board fails to implement rudimentary internal controls
  • Religious association may fire mail room supervisor for sexual orientation

Say That Again?

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