The Know Before You Owe mortgage disclosure rule, also referred to as the TILA-RESPA Integrated Disclosure rule, is now set to go into effect on October 3, 2015, after several delays. The new rule is intended by the Consumer Finance Protection Bureau ("CFPB") to...
News & Publications
Announcing Stroud’s Best Lawyers® 2016
Eight attorneys from Stroud, Willink & Howard were recently selected by their peers for inclusion in The Best Lawyers in America© 2016. We proudly recognize the following attorneys and the practice areas for which they were selected: Joseph P. Bartol Closely Held...
UPDATE—Wisconsin Authorizes ABLE Accounts
In a previous article, we reported on a new federal law that allowed states to create "Achieving a Better Life Experience" (ABLE) accounts, which are tax‑free accounts that can be used to save for disability‑related expenses. We are pleased to report that on July 12,...
Stroud Attorneys Co-Author Wisconsin Civil Procedure Before Trial
Stroud, Willink & Howard is proud to announce the contribution of its attorneys, Norm Farnam and John Laubmeier, to the newly published 5th Edition of Wisconsin Civil Procedure Before Trial. Wisconsin Civil Procedure Before Trial is a two-volume book published by...
Employers Learn That Terminating An Employee For Lying Or Using Offensive Language May Be Illegal
As we have reported before, the National Labor Relations Act ("NLRA") can be a trap for unwary employers. This is partly true because the NLRA has been found to protect speech that would generally be considered untruthful or offensive and might otherwise permit the...
“Pay to Play:” Court Rules Amenities Off Limits Unless Foreclosed Condominium Lien is Paid
The Wisconsin Court of Appeals recently issued an unpublished decision that has the potential to significantly increase the risks associated with condominium lending in the State of Wisconsin, both on individual units and on condominium developments. In the case...
Employer’s Policy Entitles Former Employee to Commissions
A recent decision by the Wisconsin Court of Appeals confirms that when it comes to earning and paying commissions, words really do matter. In a May 12, 2015 opinion, the Court of Appeals signaled that a commission policy for employees may not function exactly as the...
The Able Act — Section 529 Disability Savings Plans
Wisconsin residents may soon have a tax-advantaged way to save for the expenses of disabled family members. A new federal law allows states to create "Achieving a Better Life Experience" (ABLE) accounts, which are tax-free accounts that can be used to save for...
Update: Wisconsin Supreme Court Ruling Did Not Invalidate Your Non-Compete Agreements
The Wisconsin Supreme Court's recent decision in Runzheimer International Ltd. v. David Friedlen, et al. confirms that an agreement not to fire an existing employee (in other words, granting continued employment) is sufficient consideration in exchange for entering...
Qualified Subchapter S Subsidiary Election
An S corporation that acquires 100 percent of the stock of a domestic C corporation can elect to treat the C corporation as a qualified subchapter S subsidiary corporation under Section 1361(b)(3) of the Internal Revenue Code. The parent S corporation can make the...