NeoMedia Technologies, Inc (NEOM)

[AlfonszyD]

Pop

Have to you seen who else wants a piece of YA's hide now?

NJ Securities Firm Disputes Cayman Partner's $99M IRS Bill

YA Global Investments is facing down $99 million in unpaid taxes, plus accuracy penalties, for allegedly neglecting to pay taxes on its U.S.-connected income from 2006 through 2009, according to court documents. The company said the Internal Revenue Service shouldn’t have credited the income to the U.S.

http://www.law360.com/articles/667274?utm_source=rss&utm_medium=rss&utm_campaign=articles_search


Also, I found it interesting the case with the SEC is still muddling along with be SEC having to pay some reduced attorney fees for lack of producing certain documents. The SEC reason for doing so:

The SEC claims that it believed in good faith that all of the privilege logs were sufficient because providing additional information might have jeopardized ongoing criminal investigations or run afoul of statutory exemptions from discovery (SEC's Mem., at 12-14

https://scholar.google.com/scholar_case?case=12072763410809133620&q=securities+class+action&hl=en&scisbd=2&as_sdt=6,33


YA musta really ruffled the wrong feathers