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Insider trading laws may soon undergo changes that will allow creative professionals to avoid liability, even if they are caught. A three-judge panel of the U.S. Court of Appeals for the Second Circuit recently heard arguments on whether to reverse the convictions of two hedge fund managers. Todd Newman, a portfolio manager at Diamondback Capital […]

A number of states across the U.S. have elected to lower corporate tax rates and increase tax credits as of July 1, reversing the trend of increasing taxes in order to shore up deficits that began after the recession. According to Stateline, a nonpartisan new service of the Pew Charitable Trusts, Indiana and Rhode Island businesses […]

Business lawsuits can take months and sometimes years to litigate. While the legal process unfolds, companies lose both time and money. To alleviate the economic burden, courts around the country have initiated programs to “fast track” business litigation. In New York, new accelerated adjudication procedures in the Commercial Division of the Supreme Court promise commercial […]

It turns out reports of the death of  “neither admit nor deny” settlements between the Second Circuit Court and the Securities and Exchange Commission (SEC) were greatly exaggerated. In a much-anticipated decision, the Second Circuit Court of Appeals recently reversed the ruling of Judge Jed. S. Rakoff, who had refused to approve the agency’s consent […]

Revel Casino Hotel is a massive 57-story, $2.2 billion casino that was supposed to be the future of New Jersey’s ailing Atlantic City. The casino – a monolith of ocean-facing glass – was constructed over the course of six years, amid union protests, construction stops and government help, before opening for business in May 2012, […]

The Supreme Court recently made a powerful ruling that has implications for the way that we watch TV, and more importantly, the development of disruptive technologies. On June 25th, the Court ruled 6-3 in favor of the networks against a TV startup called Aereo, saying that the company will need to pay the networks for […]

The latest in the media is the revelation that the Clintons are using  financial planning strategies that will fall on their heirs at the time of their death. According to federal financial disclosures, Bill and Hillary created residential trusts in 2010 and shifted the ownership of one of their homes into them the next year. The […]

An update in one of the largest bankruptcy proceedings seen by the U.S. in recent history came the afternoon of June 24, when it was reported that Energy Future Holdings rejected an alternative restructuring plan. The plan, which was advanced by a group of EFH investors, would have allowed junior creditors to recover more money […]

The House voted to make a tax break that allows small businesses to write off up to $500,000 in equipment purchases permanent on June 19, amid a push to end the annual process of renewing tax extenders. Tax extenders are breaks for individuals and corporations that expire and are renewed on a regular basis. The vote […]

The Facts of the Case The Supreme Court of New Jersey recently agreed to consider Lippman v. Ethicon. The issue before the court is whether a plaintiff who reports conduct as part of his or her job is entitled to the whistle-blowing protections afforded under the Conscientious Employee Protection Act (CEPA). Plaintiff Joel S. Lippman, […]

Cybersecurity deserves the attention of a company’s top executives, according to the Securities and Exchange Commission’s Luis Aguilar.  Commissioner Aguilar addressed growing data protection concerns during his remarks at the “Cyber Risks and the Boardroom” Conference at the New York Stock Exchange earlier this month. “Effective board oversight of management’s efforts to address these issues […]

U.S. Bankruptcy Judge Stacey Jernigan approved Mt. Gox’s filing for protection under Chapter 15 of the bankruptcy law in Dallas on June 17, according to Bidness Etc. The beleaguered bitcoin exchange closed down earlier this year after losing over $300 million worth of the cryptocurrency. Under its Chapter 15 filing, Mt. Gox will be able to commence […]