A court order on Friday gave some relief to investors in Paramount Management Group, a financially strapped ATM operator based in Lancaster.But the order did not
Commonwealth Court has tossed out state rules requiring licensing of companies manufacturing e-cigarettes and the liquids used in them.The court found that the rules gave the Pennsylvania Department of Revenue too much discretion in deciding how they would be enforced.The decision came Friday in the context of a lawsuit filed by East Coast Vapor, a Harrisburg-based […]
Is it fraud or a failing business?That was one of the questions hanging over a court hearing held yesterday morning to consider contempt charges against Paramount Management Group, a Lancaster-based ATM network being sued by its investors.The investors want Paramount held in contempt for its alleged failure to abide by a court order issued earlier this month.Under […]
For three years in a row, former Gov. Tom Wolf and state lawmakers tried to get their hands on surplus money held by Pennsylvania’s medical malpractice insurer of last resort.The insurer fought back, arguing that, as a private entity, its multimillion-dollar surplus should remain beyond the reach of public officials.Wolf and state legislators countered that […]
Claims against a Lancaster-based ATM network took on new forms during a roughly one-hour hearing held Friday afternoon in a Lancaster County courtroom. An attorney representing disgruntled investors in the network raised concerns about money flows involving the network’s operator, Paramount Management Group, and questioned whether the operator had inflated the number of ATMs it owned.The attorney, […]
Is a company still liable for a subsidiary’s legal problems even after the subsidiary is legally dissolved?That’s an issue being taken up by the Pennsylvania Supreme Court in the context of asbestos class-action lawsuits filed against Dravo, a former shipbuilder and manufacturer based in Pittsburgh.The question is whether Dravo’s asbestos liabilities should pass to Carmeuse Lime Inc. The Belgian […]
Do you know who your owners are?It’s a question millions of businesses will have to answer by the end of the year under a federal law known as the Corporate Transparency Act.Enacted in 2021, the law requires corporations, LLCs, LPs and other business entities to report information about their owners and managers to a federal […]
Plenty of developers have likely wondered how cities and townships calculate the fees they charge for construction permits.Harrisburg-area developer Triple Crown Corp. took its questions all the way to Commonwealth Court, where it argued that fees charged by Lower Allen Township in Cumberland County for two apartment projects were unreasonable and unconstitutional.The case was thrown out […]
Pennsylvania is dodging a fiscal bullet thanks to a ruling handed down yesterday by the state’s highest court.At issue was a corporate taxpayer’s demand for a $2 million refund after a tax structure was declared unconstitutional.The Commonwealth Court ruled last year that the state should pay the refund. But a divided Supreme Court reversed the decision.Justices argued, […]
Under a proposed settlement filed in court last week, the owner of an embattled Harrisburg apartment complex is agreeing to cede control of the property to an independent receiver and to convert its bankruptcy case to a liquidation.The deal, which requires court approval, would end a festering dispute between the city and the apartment owner, […]
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