The Coronavirus which recently infected humans in China is showing all the signs of being a worldwide epidemic, and will likely touch almost every country on the planet. It will quite possibly impact the majority of people either directly or indirectly. It is almost certain that it will also have a jarring effect on the global economy and business.
CIC Services recently filed a lawsuit in the Circuit Court for Knox County, Tennessee against a former client, SRM Group, Inc., it’s owner, Suresh Prabhu, and two related captive insurance companies formerly managed by CIC Services. The lawsuit alleges breach of contract and fraud and seeks both compensatory and punitive damages.
Texas resident LeAnn Cyr has filed complaints against attorney, captive insurance pundit and
Forbes.com contributor Jay Adkisson with the State Bar of Texas Chief Disciplinary Counsel, Office of the General Counsel of the Oklahoma Bar Association, State Bar of Nevada, State Bar of California and State Bar of Arizona.
Last week CIC Services, a Knoxville, Tennessee based captive insurance company manager, petitioned the Supreme Court of the United States to hear its lawsuit against the IRS regarding IRS Notice 2016-66.