Before joining the firm in 1996, Mr. Strain was the Chairperson of the Business Department of Barnes & Thornburg where he had been a partner since January 1, 1976. Mr. Strain is co-chair of Taft's Business and Finance Practice and primarily practices in the areas of securities law, mergers and acquisitions and corporate governance. Before joining the predecessor of Barnes & Thornburg in 1973, Mr. Strain had been law clerk to then Associate Justice William H. Rehnquist, October Term 1972, and before that to Judge John S. Hastings, then Senior Circuit Judge, United States Court of Appeals for the Seventh Circuit, 1970-71. Between his clerkships, he was an associate with Cahill, Gordon & Reindel in New York City.
Mr. Strain was one of the architects of the Indiana Business Corporation Law and successfully defended its Control Shares Acquisition Chapter before the United States Supreme Court in CTS Corporation v. Dynamics Corporation of America. He has been recognized in the top tier of leading corporate/M&A lawyers in Indiana in Chambers USA: America’s Leading Lawyers for Business since it began its U.S. publication. He has been listed in The Best Lawyers in America for more than twenty-five years.
CTS Corporation v. Dynamics Corporation of America, 481 U.S. 69 (1987) — Argued case in Supreme Court on behalf of CTS. First Supreme Court case to hold a state takeover statute constitutional and most recent to reaffirm Dartmouth College. With the SEC and the entire securities industry against us on dormant commerce clause and supremacy clause grounds, the Court ruled 6-3 in favor of the Indiana Control Shares Acquisition Statute. It helped changed the way hostile takeovers were prosecuted.