Resources | In The news

Aaron L. Hammer discusses corporate bankruptcy filings with S&P Market Intelligence.

In the 10th Edition of The Legal Navigator, Sara E. O’Reilly shares her journey of becoming CEO of HMB Legal Counsel.

Jordan M. Goodman Interviewed by Law360: “7 Things Tax Pros Are Grateful For This Thanksgiving Season”.

Sara O’Reilly Discusses Passion and Purpose with Innovation on the 20/20 Foresight Podcast.

David A. Hughes and Samantha K. Breslow Discuss Chicago’s Cloud Tax and Audits with Bloomberg Law.

Christopher T. Lutz Discusses Localities Outsourcing Tax Services with Law360.

In an article by Law360, Marilyn A. Wethekam discusses the ambiguity found in the updated Multistate Tax Commission (“MTC”) guidance regarding when internet business activities exceed federal protections against state income tax.

Chris Lutz shared his insight into online merchants’ requirement to pay income tax in additional states with Bloomberg Law as states consider how to implement some or all of a statement on Public Law 86-272, recently revised by the Multistate Tax Commission.

HMB’s Bankruptcy, Reorganization and Creditors’ Rights Team including Aaron Hammer, Nathan Delman and the late John Guzzardo, representing FishDish, LLP, preferred shareholders holders of the bankrupt VeroBlue Farms USA, Inc. at the U.S. Court of Appeals for the Eighth Circuit, successfully argued that the District …

Read the full article by Law360 here (subscription required). In a year when states focused on shaking off the effects of the coronavirus crisis, some changed business tax regimes to build their coffers while others, flush with federal pandemic relief cash, advanced significant tax cuts. An Illinois budget bill signed into law by Gov. J.B. Pritzker pauses the phaseout of…

HMB would like to congratulate PechaKucha, a social storytelling platform that has been used by millions of people across the globe, and CEO and Co-founder Sean Smyth and the rest of the PechaKucha team on a $2.7 million Seed funding round. PechaKucha, based in Chicago and Tokyo, is a fast-growing storytelling platform used by millions of people across the globe. Content creators, schools,…

Best in Class Technology Services ("BCTS"), a portfolio company of Dunes Point Capital, LP ("DPC"), has acquired Thayer Corporation and Dyer Service. Headquartered in Birmingham, AL, BCTS is a provider of commercial HVAC aftermarket services including maintenance, repair and project work. BCTS has 14 locations across seven states and employs over 500 people. For more information, please visit Vulcan Mechanic…

HMB would like to congratulate Parkonect, a cloud-born, mobile-first parking technology company delivering Parking Access and Revenue Control, and its CEO Harlan Karp and the Parkonect team on a successful sale to FLASH, a leader in flexible technology solutions for urban real estate. Parkonect helps properties by facilitating connectivity and mobility in parking assets via real-time intelligence and digital commerce…

Hy-Tek Holdings ("Hy-Tek"), a portfolio company of Dunes Point Capital, LP ("DPC"), has acquired BP Controls Inc. and Nogol Electric LLC (collectively "BP Controls"). Located in Columbus, OH, Hy-Tek Holdings is a material handling automation integrator serving clients in diverse end markets and applications, including ecommerce, third party logistics and parcel. DPC was represented by HMB’s Private Equity Team. Tax Partner Kenneth…

Read the full article here by WBAI here. In "Civil Litigation, Conversations with the Bench", Marla M. Izbicky interviews Hon. Judge Diane M. Shelley to pick her brain for advice and insight, as well as discuss what impact the COVID-19 pandemic has had on the courts and litigation. Below are a few questions from the article by the Women's Bar…

In an article by Law360, Samantha K. Breslow discusses Illinois Lawmakers approving the budget with GILTI addback. Read the full article by Law360 here. Illinois would require an addback for certain global intangible low-taxed income deductions, halt a phaseout of its franchise tax and temporarily cap net operating loss deductions under a $42.3 billion fiscal year 2022 budget that lawmakers…

HMB would like to congratulate DigIn Technologies, LLC d/b/a Spraoi, a leading provider of machine learning capabilities for the Group Life and Employee Benefits industry, and its Co-Founders Karan Mishra, Matthew O’Mara and Santoash Rajaram, on a successful sale to FINEOS Corporation, a global market leader in core systems for life, accident and health insurance. Spraoi is an insurance technology…

HMB congratulates client Kuur Therapeutics Inc. ("Kuur"), a clinical-stage biopharmaceutical company focused on the development of off-the-shelf CAR-NKT cell immunotherapies for the treatment of solid and hematological malignancies, and its CEO Kevin S. Boyle, Sr., on a successful sale to Athenex, Inc. ("Athenex"), a global biopharmaceutical company dedicated to the discovery, development and commercialization of novel therapies for the treatment…

Read the full article by State Tax Notes written by Doug Sheppard here. In one of the most famous scenes from The Blues Brothers, Sister Mary Stigmata doles out rapid-fire corporal punishment with a ruler on Jake and Elwood Blues, then breaks it on Elwood's head before Jake crashes down an adjacent flight of stairs in the ensuing chaos. “Get out! And don’t come back until you’ve redeemed yourselves,”…

Svoboda Capital Partners ("SCP"), a private equity firm, announced its recapitalization of Marcus Thomas LLC ("MT"), a full-service marketing and advertising agency. HMB represented SCP in the recapitalization. Financial details of the transaction were not disclosed. SCP is a Chicago-based private equity firm that invests in leading middle market growth companies. Founded in 1998, the SCP team has more than…

In "PepsiCo Unitary Group Includes Member, Illinois Tribunal Says" Chris T. Lutz discusses the ruling with State Tax Notes. Read the full article by State Tax Notes here. The Illinois Tax Tribunal ruled that a member of PepsiCo’s business group is a company conducting business within the United States, and its income is included in the unitary group’s income. The…

HMB would like to congratulate Vetspire, an artificial intelligence veterinary medical record and practice management platform, and founder Sam Ginn on a successful sale to Pathway Vet Alliance ("Pathway"), an industry leading veterinary management group serving pets and their parents at more than 400 locations throughout the U.S. Terms of the acquisition were not disclosed. Founded in 2017, Vetspire’s software…

Law360 named Jordan M. Goodman as a part of the 2021 State & Local Tax editorial advisory board. The board provides feedback on Law360's coverage and expert insight on how best to shape future coverage. On the board with Jordan is Alvan L. Bobrow of Barton LLP, John Fletcher of Jones Walker LLP, Richard Jones of Sullivan & Worcester LLP,…

HMB would like to congratulate Lightstream and its CEO and Co-founder Stu Grubbs, COO and Co-founder Aaron Hassell, CCO and Co-founder Ryan Forquer and Principal Engineer and Co-founder Dan Trocchio on a successful sale to Creative Solutions, a division of Vitec Group, a UK publicly traded company on the London Stock Exchange. Lightstream is a US-based tech company that builds…

Premium Label & Packaging Solutions, LLC ("PLPS"), a portfolio company of Dunes Point Capital, LP ("DPC"), has acquired Label Graphics Manufacturing, Inc. ("LGM"). Headquartered in Rye, NY, PLPS is a group holding company for specialty label converters producing custom pressure-sensitive labels, shrink sleeves and related packaging products for the health, wellness, personal care, food and beverage and other markets. DPC…