Don't want ads? Subscribe or login now.

Bank To Shell Out $5M To End Pot Co.'s Tax Payment Claims

By Theresa Schliep · June 14, 2023, 7:05 PM EDT

A cannabis-friendly banking firm has agreed to pay $5 million to resolve a former client's claims that the firm failed to pay taxes on its behalf to California, the parties told...

To view the full article, register now.

Try a seven day FREE Trial

Already a subscriber? Click here to login

Documents

Letter

Case Information

Case Title

CCSAC, Inc. et al v Pacific Banking Corp et al

Case Number

3:20-cv-02102

Court

California Northern

Nature of Suit

Contract: Other

Date Filed

March 26, 2020

Recent Articles By Theresa

May 21, 2024
FTC Noncompete Ban Raises Stakes For Nonprofit Hospitals
September 27, 2023
Treasury Floats Regs On Filing Medicare Drug Negotiation Tax
August 09, 2023
Cubs Sale Funds Aren't Considered Equity, 7th Circ. Told
August 09, 2023
CMS Adds Tax Pro From Brabners To Manchester Office
August 08, 2023
Sens. Press IRS On Nonprofit Community Hospital Scrutiny
August 04, 2023
IRS, Treasury To Float Regs On Scope Of Drug Negotiation Tax
August 04, 2023
IRS Issues Guidance On Home Energy Audit Tax Credit
August 03, 2023
J&J Recognizes $500M Foreign Tax Benefit, SEC Filing Says
July 31, 2023
6th Circ. Says ACA Charge A Tax, Not A Penalty, In Bankruptcy
July 31, 2023
Feds, Brothers Settle Case Over Co.'s $61M Tax Liability