Corporate and M&A

Contact: Herrick, Feinstein LLP (New York, New York, USA)

The Second Circuit affirmed a decision which found that an investment partnership violated the short-swing profit provisions of Section 16(b) of the Securities Exchange Act of 1934 by engaging in a promissory note exchange transaction. The investment partnership initially invested in a convertible promissory note. This convertible promissory note was exchanged for another convertible... : : Click Here to Read More