BLT: February 2015



Business & Corporate

Our Mini-Theme: Aspects of LLCs and Alternative Business Organizations

The LLCs, Partnerships and Unincorporated Entities Committee is proud to sponsor this issue of Business Law Today. The range of issues that arise within the ambit of the Committee’s scope is exceptional. The Committee provides its members with practical information on the most broadly utilized business structure in the country, the limited liability company, as well as analysis and comparison of other business forms, such as partnerships and limited partnerships. It has assisted in drafting various unincorporated business entity acts, and also prepared and made available annotated forms and other materials. Our activities range from monitoring substantive internal law to the manner in which these business organizations relate to numerous other areas of law, including agency, bankruptcy, securities regulation, and taxation.


Business & Corporate

KEEPING CURRENT: Second Circuit Holds That Omissions Regarding “Known Trends” May Support a Section 10(b) Claim, But Imposes Limitations

In Stratte-McClure v. Morgan Stanley, the Second Circuit has broken with the Ninth Circuit by deciding that Form 10-Q filings of information described in Item 303 of Regulation S-K – which includes information about “known trends or uncertainties” reasonably expected to have a material impact on revenues – may support a securities fraud claim under Section 10(b) of the Securities Exchange Act of 1934.

Business & Corporate

Inside Business Law (February 2015)

This month’s “Inside Business Law” covers several upcoming Section events, including the March “In the Know” CLE webinar; and provides details and links for the Business Law Section Spring Meeting. Highlights of several recent committee newsletters are touched on, including the M&A Committee “Deal Points,” the Nonprofit Organizations Committee newsletter, the Corporate Governance Committee “In Sight,” and the Legal Opinions Committee “In Our Opinion.”