Articles on business and securities law

Federal Taxation of Long-Term Care Insurance By Thomas J. Pearson Business and Securities Law, October 2019 A step-by-step explanation of the tax treatment of long-term care insurance plans for both employers and employees.
Insider Trading Update By Prof. Charles W. Murdock Business and Securities Law, October 2019 Recently, the U.S. Supreme Court grappled with the requirement that there needs to be a personal benefit to the tipper in order to hold the tippee liable in insider trading situations.
Northern District of Illinois Casts Doubt on Validity of Disclosure-Only Settlements in M&A Suits By John R. Schleppenbach Business and Securities Law, October 2019 In House v. Akorn, Inc., the court employed a rigorous analysis to reject a disclosure-only settlement of merger litigation.
Stock and Similar Plans By William A. Price Business and Securities Law, October 2019 An outline of the tax-advantaged plans that can be used for key employee compensation, tax-deferred owner compensation, compensation for the whole business team, and incentive compensation under the Internal Revenue Code.
What ‘accredited investor’ or other investor definitions apply in exempt offerings rules? By William A. Price Business and Securities Law, May 2019 An overview of the definitions of investor types and Illinois securities laws and rules.
Illinois appellate court discusses applicability of corporate survival statute to claims brought by transferees of debt from dissolved corporations By Samuel Neschis Business and Securities Law, March 2019 In McGinley Partners, LLC v. Royalty Properties, LLC, the court affirmed that the Illinois Business Corporation Act's corporate survival statute is inapplicable to claims brought by transferees of debt of dissolved corporations where the debt is for a fixed, ascertainable amount.
Second circuit affirms denial of insider trader’s habeas petition holding that the trader’s anticipation of maintaining a good relationship with the tippee was a sufficient benefit to support conviction By John R. Schleppenbach Business and Securities Law, March 2019 Securities practitioners would do well to advise their clients that insiders who provide stock tips based on non-public information can be broadly penalized, even in the absence of money changing hands.
The slippery slope from professional conduct into misconduct in representing organization and their constituents in a slip-up By David F. Rolewick Business and Securities Law, March 2019 When an owner of a closely held business decides to separate her ownership from co-owners, she inevitably seeks advice from the business’s lawyer—a critical juncture in the lawyer’s professional life.
Amendment to the Limited Liability Company Act provides new buyout remedy By Samuel Neschis Business and Securities Law, December 2018 An amendment to the Limited Liability Company Act that became effective on July 1, 2017, provided a new right to limited liability company members, dissociated members, and transferees of distributional interests to petition a court for an order requiring that their interests be purchased under certain circumstances.
Groves v. Walsh Construction confirms successor liability not triggered when former controlling owner repurchases assets after a “leadership break” during which he had minimal ownership and management involvement By Michael R. Karnuth Business and Securities Law, December 2018 In The Groves of Palatine Condominium Ass’n v. Walsh Construction Co., the appellate court affirmed dismissal of a third-party complaint on grounds that an LLC was not the continuation of the predecessor corporation for purposes of successor liability.
Mergers & Acquisitions Corner: Tales from the trenches By Markus May Business and Securities Law, November 2018 The mergers and acquisitions world is one in which you are always learning new ways to try to get deals done.
Which subsidiary would you choose? By Elizabeth A. Tracy Business and Securities Law, November 2018 An analysis of the potential benefits and downsides of the subsidiary entity.

Select a Different Subject