Gary Stein writes: "Personal benefit," long considered the 97-pound weakling of insider trading defenses, is now looking much more muscular thanks to the Second Circuit's ruling last month in 'United States v. Newman.' Not surprisingly, federal prosecutors have already begun to explore ways of avoiding Newman's reinvigorated personal benefit rule.
Vinson & Elkins, Latham & Watkins, Andrews Kurth and Akin Gump Strauss Hauer & Feld each have a piece of a deal involving Marlin Midstream Partners, NuDevco Midstream Development and Azure Midstream Energy.
The world will soon have a new largest law firm. Dentons and leading Chinese firm Dacheng are poised to announce a combination creating a 6,600-lawyer legal giant operating under the Swiss verein structure.
Corporate and Securities
Compiled by Jennifer Genova (from ThomsonReuters Financial and other sources)
Business technology provider SilverSun Technologies on Jan. 21 announced that its subsidiary, SWK Technologies, both of Livingston, N.J., has acquired Santa Ana, Calif.-based 2000 Soft Inc., currently doing business as software reseller Accounting Technology Resources.
John C. Coffee Jr., the Adolf A. Berle Professor of Law at Columbia University Law School, writes: This issue of federal preemption will inevitably be litigated because, even if Delaware legislature acts to curb 'ATP Tour', issuers incorporated in other jurisdictions have already adopted such a provision.