Monthly Archives: May 2019

Healthcare Attorneys Win Major Appeals Victory for Hospitals

Posted on May 8, 2019 by admin

Gammage & Burnham partners Cameron Artigue and Chris Hering won an important victory in the Arizona court of appeals on April 5, when the court clarified that hospital lien rights extend to and include “medpay” policies issued by auto insurance companies. Under Arizona law, hospitals have liens on the personal injury claims of their patients, as well as related claims on all types of insurance except for “health insurance.” An insurance company that pays out benefits without first satisfying the lien claim is liable to pay the hospital to satisfy its lien. Farmers Insurance issued a large medpay policy, which it paid to its insured policyholder without first satisfying the lien claim of G&B’s hospital client.

Read More

Posted in News, Newsletter + Legal Alerts, Health Care | Comments Off on Healthcare Attorneys Win Major Appeals Victory for Hospitals

Changes in Cannabis Banking: What You Need to Know

Posted on May 7, 2019 by admin

Posted by Kevin Merritt

Since medical marijuana became legal in Arizona in 2010, operators in the industry have faced significant challenges in cash management and banking.  At the time, effectively every financial institution refused to provide any services, since marijuana is still a Schedule 1 prohibited substance under federal law, with stiff penalties for possession, distribution and sale.  As the result of that classification, every financial transaction involving the proceeds of the cannabis industry can arguably be considered money laundering under federal law.  Times are changing, however…

As the legal landscape across the country has evolved, with 33 states now allowing either medical or recreational use of cannabis, the banking industry is starting to follow suit. 

Read More

Posted in News, Creditor’s Rights & Bankruptcy, Cannabis Law | Comments Off on Changes in Cannabis Banking: What You Need to Know

Opportunity Zones: New Guidance from the IRS

Posted on May 7, 2019 by admin

Posted by Chris Raddatz 

The Internal Revenue Service (IRS) released its second batch of guidance late last month regarding “opportunity zones.”  Opportunity Zones were created as part of the Tax Cuts and Jobs Act of 2017 to incentivize investment in designated, economically distressed communities.  The 169 pages of proposed regulations provide additional guidance to investors, fund managers and others seeking to bring equity capital to operating and real estate businesses within the OZs.

While many investors and fund managers have been active in investing in the OZs, the lack of regulatory guidance has somewhat limited the activity, especially as to operating businesses (versus real estate investment). 

Read More

Posted in News, Real Estate, Land Use | Comments Off on Opportunity Zones: New Guidance from the IRS

Gammage & Burnham Ranked in Chambers USA 2019

Posted on May 1, 2019 by admin

Gammage & Burnham is pleased to announce that Chambers USA 2019: America’s Leading Lawyers for Business has ranked six of the firm’s attorneys and our largest practice group among the best in the U.S.

Chambers and Partners, which produces “Chambers USA,” is a client referral organization that researches and subjectively ranks attorneys and law firm practice groups nationwide. It ranks firms and lawyers who are considered leaders in their profession.

The firm earned rankings in two of its core areas:
Zoning/Land Use (Band 1) and Real Estate (Band 2*).

Read More

Posted in News, Real Estate, Land Use, Recognition | Comments Off on Gammage & Burnham Ranked in Chambers USA 2019