In case you missed it, two weeks ago there was argument at the Second Circuit on the dismissal in New York of the Jacoby & Meyers suit. Jacoby & Meyers is a New York firm (with offices in Connecticut and New Jersey) that sued a variety of state officials in all three states where they operate over the prohibition in their lawyers' ethics rules on non-lawyer stock ownership. From what I read, its lawsuit may see new life.
Why Is Debt Better Than Equity?
The Connecticut Law Tribune
October 26, 2012
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