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A comment on New York, California Lose Firms Managing an Estimated $2T in Assets. Parent comment

Re:New York, California Lose Firms Managing an Estimated $2T... by koolba on Friday August 25, 2023 @12:58PM (#37264106)
> The management company may be considered to have economic nexus in a state where its fund’s investors are located if management fees are allocated to those states and economic nexus thresholds are exceeded.

Ha! One cannot even imagine the wave of litigation that will fight this effort. I don't see the States winning the cases either.

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Re:New York, California Lose Firms Managing an Estimated $2T... by lotsofpulp on Friday August 25, 2023 @01:00PM (#37264128)
Market based sourcing rules have been in effect for many years now. Any litigation would have already happened.
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