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Chris T. Lutz Discusses Potential New State Income Taxes for Online Merchants with Bloomberg Law09/02/2021

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 Prevails For Equity Holders In 8th Circuit Decision Nearly Abolishing Chapter 11 “Equitable Mootness” Doctrine08/13/2021

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 …

Jordan M. Goodman Discusses Key Measures Passed by Illinois Lawmakers in “Key State Business Tax Legislation To Know From 2021” with Law36006/30/2021

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…

Client Success: Social Storytelling Platform PechaKucha Raises $2.7M in Seed Funding06/29/2021

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,…

Client Success: Dunes Point Capital, LP Announces Best in Class Technology’s Acquisition of Thayer Corporation and Dyer Service06/21/2021

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…

Client Success: HMB Represents Parkonect in Sale to Leader in Flexible Technology Solutions for Urban Real Estate06/21/2021

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…

Client Success: Dunes Point Capital, LP Announces Hy-Tek’s Acquisition of BP Controls06/21/2021

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, led by…

Marla M. Izbicky Published in “Civil Litigation, Conversations with the Bench” by the Women’s Bar Association of Illinois06/16/2021

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…

Samantha K. Breslow Discusses Illinois Lawmakers Approving Budget with GILTI Addback with Law36006/02/2021

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…

Client Success: HMB Represents Spraoi in Sale to Global Market Leader in Core Systems for Life, Accident and Health Insurance05/13/2021

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…

Client Success: HMB Represents Kuur Therapeutics Inc. in Sale to Global Biopharmaceutical Company05/12/2021

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…

Marilyn A. Wethekam Featured in State Tax Notes Article, “Marilyn Wethekam: A SALT Trailblazer Who’s Paid the Cost”05/10/2021

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,”…

Client Success: Svoboda Capital Announces Partnership with Marcus Thomas04/27/2021

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…

Chris T. Lutz Discusses the PepsiCo Unitary Group and the Illinois Tribunal with State Tax Notes04/26/2021

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…

Client Success: HMB Represents Vetspire in Sale to Industry Leading Veterinary Management Group Pathway Vet Alliance04/26/2021

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…

Jordan M. Goodman Named to Law360’s 2021 Tax Authority State & Local Tax Advisory Board04/20/2021

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,…

Client Success: HMB Represents Lightstream in Sale to UK-based Publicly Traded Company Vitec Group04/15/2021

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…

Client Success: Dunes Point Capital, LP Announces Premium Label & Packaging Solutions’ Acquisition of Label Graphics Manufacturing, Inc.04/15/2021

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.…

Client Success: HMB Represents Skubana in Sale to Cloud-based Warehouse Management Systems Leader 3PL Central04/12/2021

HMB congratulates Skubana in their strategic sale to 3PL Central ("3PL"), expanding their supply chain technology and filling an important gap in the ecommerce and omnichannel ecosystem. The combination of Skubana's intelligent order orchestration with 3PL Central's extensive network of warehouses offering ecommerce fulfillment and retail replenishment is expected to open a new chapter in software, allowing companies to have…

Client Success: WorkChew Announces $2.5M Series Seed Funding Round03/30/2021

HMB would like to congratulate WorkChew and its co-founders, Maisha Burt and Allyson McDougal on a successful funding round. WorkChew, a startup that turns hotels and restaurants into on-demand flexible workspaces, raised $2.5 million. With WorkChew, company employees can access workspaces wherever they are: whether in an urban corridor or a suburb outside of a major city. Membership is often…

Aaron L. Hammer Featured in the March 2021 TMA Quarterly Newsletter03/29/2021

Aaron L. Hammer was featured on the cover of Turnaround Management Association Chicago's Newsletter of Corporate Renewal celebrating its 30 year anniversary. The newsletter celebrates the TMA's focus on growing networks, identifying business opportunities, adding to its members' knowledge base, providing leadership and having fun with great people. As Aaron said, "TMA is -- and always will be -- family.…

Chris T. Lutz Discusses P.L. 86-272’s Role in the Modern Economy with State Tax Notes03/25/2021

In this article by State Tax Notes, Chris T. Lutz discusses P.L. 86-272's role in the modern economy. Download the full article here. During a March 17, 2021 panel of the American Bar Association/Institute for Professionals in Taxation virtual seminar on income tax, Chris wondered about the timing of the work group starting a few months after the 2018 South…

Jordan M. Goodman Discusses Chicago’s Guidance and Economic Nexus Safe Harbor with State Tax Notes03/25/2021

In this article by State Tax Notes, Jordan M. Goodman discusses Chicago's guidance and economic nexus safe harbor. Download the full article here. Speaking during the Virtual 2021 American Bar Association/Institute for Professionals in Taxation Advanced Sales and Use Tax Seminar on March 15, Jordan applauded the city for issuing the guidance. The city “actually did something that I have…

Sara O’Reilly Joins the Legal Podcast “Non-Compliant” to Discuss Running a Law Firm in 2021 and Why Diversity and Inclusion is Imperative for Success03/12/2021

HMB’s Chief Executive Officer, Sara E. O’Reilly was interviewed by Jay Edelson, Host of legal podcast, Non-Compliant. Their conversation spans a variety of topics including running a law firm as a non-lawyer, why firms need a 5-year plan and why Diversity and Inclusion is imperative …

Client Success: Dunes Point Capital, LP Announces Specialty Products and Insulation’s Acquisition of Building Insulation Distributor03/11/2021

Specialty Products and Insulation ("SPI"), a portfolio company of Dunes Point Capital, LP ("DPC"), has acquired Rocky Mountain Construction Wholesale, LLC ("RMCW"). Headquartered in Charlotte, NC, SPI is a value added distributor and fabricator of mechanical and building insulation products and complementary products for commercial and industrial applications. The Company currently operates 56 distribution branches and 13 co-located fabrication facilities…

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