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Kleinberg Kaplan completes sale of US e-cigarette company Logic to Japan Tobacco Inc.

Kleinberg Kaplan’s M&A Team of Christopher Davis, Jason Soncini and Tej Prakash, with tax assistance from James McCann, Claudio De Vellis and Neil Dubnoff, represented Logic Technology Development as it completed its sale today to Japan Tobacco Inc. Goldman Sachs was Logic’s financial advisor. 

 Logic is America’s premier e-cigarette brand, and the preeminent independent…

Firm News | July 27, 2015

Tax Court Case Uses “Investor Control” Doctrine to Tax Inside Build-up of Private Placement Life Insurance

The tax benefits of making investments through private placement life insurance (“PPLI”), including investments in hedge funds, are very significant (i.e., the potential elimination of income tax and possibly estate tax as well). For information on the tax benefits and risks of PPLI click here to see the chapter written by partner Jeff Bortnick from…

Client Alerts | July 7, 2015 | Hedge Funds

Two Federal Judges in New York Reject Bids To Enjoin SEC Administrative Proceedings Against Securities Fraud Defendants

On June 30, 2015, U.S. District Judge Ronnie Abrams handed down an important decision affecting the SEC’s controversial practice of bringing insider trading enforcement actions in the form of in-house administrative proceedings instead of as civil court actions. In a 23-page opinion, Judge Abrams refused to enjoin the SEC from continuing with an ongoing administrative…

Client Alerts | July 1, 2015 | Hedge Funds

Kleinberg Kaplan Represented MESA Securities, Inc. in its Acquisition by Houlihan Lokey

Kleinberg, Kaplan, Wolff & Cohen, P.C. represented MESA Securities, Inc., a leading New York-based independent advisory firm that provides mergers and acquisitions, corporate finance, and other strategic advisory services, on its acquisition by Houlihan Lokey. Jonathan A. Ain led Kleinberg Kaplan’s M&A team, with assistance from Tej Prakash and tax assistance from James D. McCann…

Firm News | June 22, 2015

Victory for Kleinberg Kaplan Clients in U.S. Supreme Court

Kleinberg, Kaplan, Wolff & Cohen attorneys David Parker and Matthew Gold are on the steering committee of the legal team that won an important victory in the United States Supreme Court for former customers of Bernard Madoff Securities. The Court denied certiorari, and would not consider a bid by a court-appointed trustee to claw back…

Firm News | June 22, 2015

Federal Court Chips Away at SEC’s Use of In-House Administrative Proceedings Against Insider Trading Defendants

On June 8, 2015, U.S. District Judge Leigh Martin May handed down an important decision affecting the SEC’s practice of bringing insider trading enforcement actions in the form of in-house administrative proceedings instead of civil court actions. In a 45-page opinion, Judge May enjoined the SEC from continuing with an ongoing administrative proceeding on the…

Client Alerts | June 11, 2015 | Securities and Corporate Finance | Hedge Funds