The New York tax department and an appeals court want the Nite Moves club in Albany to pay up $124,000 in taxes. The state's highest court gets a shot at the arguments Wednesday when the two sides face off at the Court of Appeals.
French fashion house Hermes is refusing to be bagged by Louis Vuitton Moet Hennessy. On Thursday, a French court of appeals confirmed a January decision that will allow the descendants of Thierry Hermes to form a holding company to keep a majority of shares in family hands.
New York's highest court just gave a big gift to accountants, lawyers, and any other outside professional in a position to detect fraud at one of their corporate clients: The court ruled that shareholders still can't sue them for failing to detect the fraud.