As you probably know if you’re reading this, in December the Second Circuit upended insider trading law for “tipping” cases by (1) giving some structure to the definition of the personal benefit that must come to the original tipper, and (2)...(read more)
Reid Phillips Shared "One lawyer's New Year's resolutions" in North Carolina Lawyer's Weekly
On January 6, North Carolina Lawyers Weekly published a guest column by Brooks Pierce partner Reid Phillips, in which he shared New Year's resolutions for lawyers. Read the article, behind North Carolina Lawyers Weekly's firewall, here .(read more)
Supreme Court Criminal Law Update
Published in Volume 3, Issue 2 of "The Middle Ground," the Newsletter for the Middle District of North Carolina Chapter of the Federal Bar AssociationRead more
The Affordable Care Act – It’s Time to Start Counting Hours
The 2010 enactment of the Affordable Care Act (“ACA” or the “Act”) ushered in an enormous social reform effort aimed at improving the nation’s health care system through a series of mandates, premium subsidies, and taxes. Although the full impact of...(read more)
New Law Requires Department of Revenue to Adopt "Rules" on Combined Reporting
This summer, the North Carolina General Assembly revised our state’s “forced combination” corporate income tax statutes for the third time in three years. This year’s revision, in Session Law 2012-43 (S.B. 824), requires the Department of Revenue to...(read more)
Corruption law's importance to Triangle companies
In the international business community, few law enforcement matters in recent years have attracted as much attention as the Foreign Corrupt Practices Act. FCPA enforcement - conducted by both the U.S. Department of Justice and the Securities and...(read more)
Don't Expect Much From the Kinnucan Case
Accused insider trader John Kinnucan will be found guilty or not guilty in the Southern District of New York — and liable or not, in the U.S. Securities and Exchange Commission’s case — but Brooks Pierce attorney David Smyth says his case likely won...(read more)
North Carolina's New Forced Combination Statute
Over the past 10 years, the scope of the North Carolina Department of Revenue’s authority to force affiliated corporations to file combined returns has become one of the most controversial aspects of North Carolina’s corporate income tax laws. The...(read more)