New York court adopts Delaware “common sense” test for assessing whether claims assert derivative or direct harm *

USA - August 13 2012
On August 7, 2012, in Yudell v. Gilbert, the Appellate Division, First Department adopted a test first articulated by the Delaware Supreme Court in assessing whether a claim is direct or derivative in nature.

Co-authors: Harris N. Cogan, Alisa E. Moen.

Latest insider trading arrests part of government's perfect hedge *

USA - February 24 2012
At the same time that the United States was entering into the worst recession since the Great Depression, many hedge funds were reporting surges in profits.

Co-authors: James V. Masella III, Jeremy Reiss.