Features

<i>Online Extra</i><br>Snapchat Maker Sued by Ex-Employee Who Says Company Misrepresented Finances
Snap Inc., maker of pic-sharing app Snapchat, was hit with a wrongful termination lawsuit on Jan. 4 by a former employee who alleges the company made false…
Features

Data Breach by Insiders: Three Key Steps to Keep Your Company Out of the Headlines
For many of us, the term "data breach" conjures up images of a shadowy character in a dark hoodie — a nefarious criminal. But the more we understand about how data breach incidents originate and propagate, the more likely we are to shift focus from outsider hackers to insider threats.
Columns & Departments
In the Courts
Analysis of the Supreme Court's recent ruling on the tipping law, clarifying previously conflicting circuit-level precedent setting forth the “personal benefit” test related to insider trading.
Features

A Look at the Trial Against Facebook over Video Game Technology
The social networking company is being sued by videogame maker ZeniMax Media, which says Oculus stole its technology. Facebook responded that Zenimax's story is nothing but a "fantasy" by a company that was "embarrassed" and "humiliated." It's worth taking a closer look at how each side is framing the fight.
Columns & Departments
Drug & Device News
Clinical trials of the drug commonly known as “Ecstasy.”
Features

Optimizing Your Legal Career<br><i><font size="-1">The Role of Professional Recruiters</font></i>
Ongoing, active management of your legal career is essential. As such, every successful law firm partner should develop a long-term exclusive relationship with a top-notch, knowledgeable recruiter.
Columns & Departments
Landlord & Tenant
In-depth analysis of four pivotal rulings, including one in which a landlord whohad received a tax abatement was not eligible for luxury deregulation.
Features

Will the CT Supreme Court Reinvent Design Defect Law?<br><font size="-1"><b><i>Part One of a Two-Part Article</b></i></font>
Despite the long-standing principle in Connecticut that product liability law is premised on strict liability, the state's Supreme Court is now considering whether it should abandon its strict product liability premise for design defect claims, and replace it with section 2(b) of the Restatement (Third) of Torts.
Features

Richest Firms Pulled Ahead in 2016 as Some Regions Struggled
The top performing law firms continued to pull away from the rest of the Am Law 200 last year, according to a report released on January 23 by Wells Fargo Private Bank's Legal Specialty Group. Meanwhile certain regions, including the mid-Atlantic states, struggled to achieve even modest revenue growth.
Features

Athletes in Family Matters<br><i><font size="-1">Part Two of a Two-Part Article</i></font>
Last month, the authors described some of the challenges unique to representing a professional athlete or his or her spouse or child in family matters. Some of the issues touched upon included pre-nuptial agreements, alimony and child support. The discussion concludes herein.<p>
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- Private Equity Valuation: A Significant DecisionInsiders (and others) in the private equity business are accustomed to seeing a good deal of discussion ' academic and trade ' on the question of the appropriate methods of valuing private equity positions and securities which are otherwise illiquid. An interesting recent decision in the Southern District has been brought to our attention. The case is <i>In Re Allied Capital Corp.</i>, CCH Fed. SEC L. Rep. 92411 (US DC, S.D.N.Y., Apr. 25, 2003). Judge Lynch's decision is well written, the Judge reviewing a motion to dismiss by a business development company, Allied Capital, against a strike suit claiming that Allied's method of valuing its portfolio failed adequately to account for i) conditions at the companies themselves and ii) market conditions. The complaint appears to be, as is often the case, slap dash, content to point out that Allied revalued some of its positions, marking them down for a variety of reasons, and the stock price went down - all this, in the view of plaintiff's counsel, amounting to violations of Rule 10b-5.Read More ›
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