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Legal Update: Randall v. Widen: Admissibility of Rebuttal Witness Testimony

May 27, 2026

Randall v. Widen is a federal court case filed in the Western District of Wisconsin, that involves a redemption. The article focuses on the pre-trial motions involving the admissibility of the experts. In the case, Plaintiff alleged that Defendants failed to disclose material information in connection with the redemption of closely held shares. Arthur C. Clarke once said, “For every expert, there is an equal and opposite expert.” Randall v. Widen, 2025 U.S. Dist. LEXIS 142800, 2025 WL 2081193 (W.D. Wis. July 24, 2025) demonstrates that Mr. Clarke knew what he was talking about. As often happens in litigation Background[1]…

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SEC Simplifies Disclosure by Public Companies, Money Managers

June 12, 2019

The Securities and Exchange Commission has approved amendments to Regulation S-K aimed at simplifying and modernizing disclosure by public companies, consultants and money managers. The amendments are required under the Fixing America’s Surface Transportation Act of 2015. To read the full article in Pensions & Investments, click: SEC Simplifies Disclosure by Public Companies, Money Managers.

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U.S. SEC’s Piwowar Urges Companies to Pursue Mandatory Arbitration Clauses

September 13, 2017

SEC Official Suggests IPO Paperwork Could Include Arbitration Clauses Michael Piwowar, a Republican member of the Securities and Exchange Commission, has suggested that companies be allowed to include mandatory arbitration clauses in paperwork for initial public offerings. To read the full article in Reuters, click: U.S. SEC’s Piwowar Urges Companies to Pursue Mandatory Arbitration Clauses.

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Mergers and Acquisitions/Exit Planning - QuickRead Featured - QuickRead Top Story

Preparing For the Sale of Your Business

January 25, 2017

Negotiating, Structuring, and Reaping the Reward The authors share their views on what business owners should consider doing in anticipation of selling their business. The authors also share structuring considerations to close the transaction and reap the reward.

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QuickRead Featured - Valuation/Appraisal

When Should an Appraisal be Attached to a Return?

January 13, 2016

Disclose Now or Later? There is no requirement to attach an appraisal for an estate of gift tax return, but having been involved with the classification of returns at the Cincinnati Service Center located across the river in Covington, Kentucky, I want to share my thoughts on when it is appropriate to attach an appraisal done for gift and estate tax purposes.

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Case Law - QuickRead Featured

Tax Court Considers Renovation Value of $10M Home; Bankruptcy Court and Expert Testimony

February 20, 2013

A Petitioner Relies Reasonably on His CPA in Gaggero v. Commissioner, the Tax Court Finds. That Makes a Difference: Here’s Why. In Gaggero v. Commissioner, Judge Holmes at the U.S. Tax Court disagrees with the IRS’s contention that the plaintiff conducted an improper scheme to avoid capital gains. In First Street Holdings NV, LLC v. MS Mission Holdings, LLC, Judge Markell at the U.S. Bankruptcy Court finds a lower bankruptcy court’s errors to be likely prejudicial.

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Case Law - QuickRead Featured

Federal Case Law: Fifth Circuit and Tax Court Rule on Penalties, Charitable Deductions

November 14, 2012

Fifth Circuit Disallows 40% Valuation Misjudgment Penalty, OKs 20% Negligence Penalty The Court of Appeals for the Fifth Circuit disallows a 40% valuation misjudgment penalty in Bemont Invs., LLC v. United States, but affirms a Texas Court’s 20% negligence penalty. Judge Goeke at the Tax Court draws distinctions on when charitable deductions are allowable in Dunlap v. Commissioner.

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