September 19, 2014
Banking News in Brief 7/16/13
07/17/2013
News in Brief
Association News: 

In an article appearing at www.MotherJones.com, Venable attorneys Matthew Journy and Jeff Tenenbaum, chair of the law firm's nonprofit organizations practice, assessed that 23 of 25 groups suing the Internal Revenue Service over improperly targeting them for additional scrutiny will be dismissed. Journy and Tenenbaum say the IRS section that they are suing under - which says a nonprofit can sue to force the IRS to give it tax-exempt status if the IRS does not act on or improperly delays its application - applies to groups seeking (c)3 status. All but two of the groups applied for (c)4 status, which is not covered by the statute. Journy and Tenenbaum note that 13 of the 25 groups already have received tax-exempt status.

New York-based National Association for Multi-Ethnicity in Communications CEO Nicol Turner-Lee is resigning less than a week after being cleared of alleged financial and operational improprieties while running the organization, MultiChannel News reports. CEO since April 2012, she is leaving to pursue other opportunities, the association said in a statement, according to MultiChannel News. The NAMIC board recently cleared Turner-Lee of allegations of financial mismanagement made anonymously in March by an email sent to cable trade publications and industry organizations (see "News in Brief," 7/11). Details: www.namic.com.


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