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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…

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…

Client Success: AeroPay Raises $5M+ in Venture Round03/10/2021

HMB congratulates Aeropay, a Chicago-based digital payments platform powering bank transfer payments for businesses, and CEO and Founder Daniel Muller on announcing the closing of a $5+ million venture round. AeroPay is a next-generation payments company, reimagining the way money is moved in exchange for goods and services. Since its founding, AeroPay has operated with the goal of simplifying payments…

David A. Hughes Elected to the Chicago Tax Club Board of Directors03/02/2021

HMB congratulates David A. Hughes on being elected to the Chicago Tax Club Board of Directors. David is a partner in HMB’s State and Local Tax (SALT) Group and is a member of HMB's Board of Directors. He helps clients limit their state and local tax exposure through sensible planning and, when necessary, vigorous litigation strategies. David advises Fortune 500…

Jordan M. Goodman Discusses the Tax Injunction Act and State Tax Issues Being Filed in Federal Court with Law36002/25/2021

In this article by Law360, Jordan M. Goodman discusses the Tax Injunction Act and state tax issues being filed into federal court. Read the full article by Law360 here. The complaint by the U.S. Chamber of Commerce, Internet Association, NetChoice and Computer & Communications Industry Association, filed Feb. 18, had been widely expected, but it contained a procedural twist. It…

David A. Hughes Discusses IL Gov. Pritzker’s Pitch to Raise State Budget with Law36002/23/2021

In this article by Law360, David A. Hughes discusses Illinois Gov. J.B. Pritzker's budget plan that would reverse several tax laws that the governor signed just two years ago, including a phaseout of the state's franchise tax. Read the full article by Law360 here (subscription required). Illinois' governor proposed temporarily capping net operating losses, reducing state deductions for global intangible…

HMB Represents Ashling Partners In Growth Capital Investment by Thomas H. Lee Partners02/18/2021

Ashling Partners, LLC ("Ashling"), a professional services and technology firm, announced the closing of a growth capital investment by funds managed by Thomas H. Lee Partners ("THL"). Joshua Bresler, THL Managing Director, and Kearney Shanahan, THL Director, will join the Ashling board of directors as part of the transaction. “The investment and partnership with THL not only enables our global…

HMB Congratulates FingerprintJS on Closing Series A Funding Round02/15/2021

HMB congratulates FingerprintJS and its founders, Dan Pinto and Valentin Vasilyev, on closing an $8M Series A financing round. The company, a new kind of toolkit offering a browser fingerprinting service, is based on an open-source project that already has 10 million downloads and 8,000 websites using the service. Fingerprint JS plans to use the capital to expand its fraud prevention…

Aaron L. Hammer Discusses the Impact of COVID-19 on the Restaurant Industry and Successfully Navigating Restaurant Workouts with American Bankruptcy Institute’s (ABI) February 2021 Journal02/05/2021

In this ABI Journal article, Aaron L. Hammer discusses the impact of COVID-19 on the restaurant industry and managing Red South Beach through the crisis. Download the full article here. (more…)…

Aaron L. Hammer Discusses Gencanna’s $1.2M Lawsuit Against Pillsbury Winthrop with Law36002/04/2021

In this article by Law360, Aaron L. Hammer discusses GenCanna filing an adversary proceeding seeking $1.2 million back that the company paid to law firm, Pillsbury Winthrop Shaw Pittman LLP ("Pillsbury"). Read the full article by Law360 here (paid subscription required). (more…)…

Marla M. Izbicky Presents Award to Hon. Jorge Alonso at the Women’s Bar Association of Illinois 22nd Annual Virtual Judicial Reception – 3/5/2102/01/2021

On March 5, 2021, Marla M. Izbicky, a member of HMB’s litigation and technology practice groups, will be speaking at the Women’s Bar Association of Illinois’s (WBAI) 22nd Annual Virtual Judicial Reception. As a Director of the WBAI and chair of the Judicial Reception, Marla will present the Mary Heftel Hooton award to the Honorable Jorge Alonso of the United…

David A. Hughes Discusses Chicago’s “Netflix Tax” with Bloomberg Law Tax01/25/2021

In this article by Bloomberg Law Tax, David A. Hughes discusses Chicago's "Netflix Tax". Read the full article here. (more…)…

HMB Congratulates Client Surgical Directions on Management Buyout01/22/2021

HMB congratulates the management team of client Surgical Directions, a national consulting, leadership and analytics partner to hospital systems and medical groups who seek to improve their perioperative and anesthesia services, for acquiring the company from Mednax Services, Inc. ("Mednax"), a national health solutions partner. Terms of the transaction were not disclosed. “We are incredibly excited about how this will…

Marilyn A. Wethekam Discusses the Tax Legacy of Former Illinois House Speaker Michael Madigan with Law36001/22/2021

Read the full article here (subscription required). Former Illinois House Speaker Michael Madigan was recently voted out of his leadership post, leaving a complex tax legacy to his nearly four-decade reign that included sales tax restructuring and failures to create the progressive income tax code he envisioned. Madigan, a Democrat from Chicago, ceded the gavel on Jan. 13 after House members elected…

Marilyn A. Wethekam Discusses Illinois’ Adoption of Rule with Criticized Online Sales Tax Sourcing with Law36001/19/2021

In an article by Law360, Marilyn A. Wethekam discusses the Illinois Department of Revenue's decision to carry out a law that critics say could impose a discriminatory tax sourcing regime for online sales that favors certain in-state sellers. (more…)…

Marilyn A. Wethekam Discusses the Year Ahead in SALT Law with State Tax Notes01/18/2021

Read the full article by State Tax Notes here. In the article "Forging Ahead in 2021" by State Tax Notes on December 21, 2020, Marilyn A. Wethekam goes over what the year ahead will look like. “Should old 2020 be forgot, and never brought to mind? Should old 2020 be forgot, and auld lang syne?”[51] The Robert Burns lyrics pose…

HMB Congratulates Dina Care on Closing $7M Series A01/12/2021

HMB congratulates client Dina Care, an AI-powered care-at-home platform and network, for successfully closing a $7 million Series A funding round led by Philadelphia-based Osage Venture Partners. Existing investors, strategic partners and Wheaton, Ill.-based First Trust Capital Partners LLC, also participated in the round. Funding will be used to accelerate Dina Care’s development of its industry-leading care coordination platform and…

Client Success: HMB Represents Caption Access LLC in Sale to Australia-based Ai-Media01/08/2021

Illinois-based CaptionAccess is a deaf-owned and managed company providing communication access services to the government, corporate and education sectors. CaptionAccess is strongly positioned in the education sector, providing a broad and complementary expansion of Ai-Media’s enterprise customer base in the region.

HMB 2021 Board of Directors01/01/2021

HMB welcomes Sean D. Auton, Christin A. Handa, Jeffrey A. Hechtman, David A. Hughes and Kate Kanabay to its 2021 Board of Directors.

HMB Legal Counsel Retained as Counsel for Wind-Down Trustee In re OGGUSA, Inc. f/k/a GenCanna Global USA12/29/2020

Aaron L. Hammer, John W. Guzzardo and Nathan E. Delman of HMB Legal Counsel have been retained as counsel for the wind-down trustee in In re OGGUSA, Inc. (f/k/a GenCanna Global USA, Inc.). Earlier this year, CBD giant GenCanna made national headlines when its creditors forced the company into a Kentucky bankruptcy court After a high stakes court battle which…

HMB Elevates Robert J. Schaul to Partner12/18/2020

Chicago, IL December 18, 2020 HMB Legal Counsel, a preeminent provider of legal services in Business and Finance, State and Local Tax, Trusts and Estates, Bankruptcy, Reorganization and Creditors' Rights, Real Estate and Litigation announced that Robert J. Schaul was elevated to partner. Robert is a partner in HMB’s Business and Finance Group. He focuses his practice on general corporate…

John W. Guzzardo Appointed to the Panel of Chapter 7 Trustees for the Northern District of Illinois12/11/2020

HMB is proud to announce that John W. Guzzardo has been appointed by the United State Trustee of Region 11 to the Panel of Chapter 7 Trustees for the Northern District of Illinois, Eastern Division. John is Chair of HMB’s Litigation Group and a partner in HMB’s Bankruptcy, Reorganization and Creditors’ Rights practice. "Over the past eleven years of my…

Client Success: HMB Represented TruQua in Sale to IBM12/02/2020

HMB congratulates TruQua, a Chicago-based IT Consulting company, for its sale to IBM. TruQua will enable IBM to broaden its consulting expertise and capabilities to help clients implement SAP solutions that will improve and automate financial management workflows, enhance operational efficiency and, ultimately, drive an enterprise-wide transformation through the adoption of SAP S/4HANA, the latest generation of SAP's ERP business…

Marilyn A. Wethekam Discusses Voluntary Disclosure Programs with Tax Notes Today State11/30/2020

Download the full article by State Tax Notes here. In the article "Sales, Use Tax Voluntary Disclosure Agreements Increased" by State Tax Notes and first discussed at the NESTOA conference on November 13, 2020, Marilyn A. Wethekam goes over the use of Voluntary Disclosure programs. (more…)…

Client Success: Svoboda Capital Partners LLC Recapitalizes Life Sciences Consultancy, Clarion Healthcare11/23/2020

HMB congratulates Svoboda Capital Partners LLC ("SC") on their partnership with Clarion Healthcare ("Clarion"). Founded in 1998, SC is a Chicago-based private equity firm that identifies, invests in and helps build excellent businesses in its targeted business niches: value-added distribution, business services and consumer products. “Clarion is a very impressive organization, delivering high value to clients by bridging the intersection…

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