Business lawyers bring IP and investment experience to Penn State Law

August 07, 2012

Clark D. Asay and Seth Chertok have joined the Penn State Law faculty as Dale F. Shughart Jr. Scholars, bringing extensive business and intellectual property experience to Penn State students. In addition to law teaching responsibilities, Shughart Scholars enjoy the support and mentorship of Penn State Law faculty in preparation for the competitive law teaching market. Asay and Chertok join Shughart Scholars David H. Blankfein-Tabachnick, Erica Goldberg and Jacob Randall Kreutzer.

From Silicon Valley to Happy Valley

Clark Asay will focus his scholarship on the intersection of law and innovation, a natural extension of his work as corporate counsel for Lab126, an Amazon company that develops and designs consumer electronic products such as the Kindle Fire. “I am particularly interested in the norms and laws around open source software and information privacy and whether they help or hinder innovation,” he said.

Prior to Lab126 he was an associate in the Technology Transactions Group at Wilson Sonsini Goodrich & Rosati, where he worked on agreements relating to the transfer, licensing, and development of technology as well as following intellectual property law developments on behalf of clients.

A native of Utah, Asay was drawn to Penn State’s close-knit community and looks forward to getting into the classroom. He advises students to prepare thoroughly for each class. “Being prepared makes all the difference. Being smart is helpful, but in law school, everyone’s smart. Those who consistently prepare will succeed in what they want to do.” Asay earned a juris doctor from Stanford, a master of philosophy from the University of Cambridge, and a bachelor of arts degree from Brigham Young University.

Securities lawyer makes investment in students

Seth Chertok joins Penn State from Morrison & Foerster LLP in San Francisco, where he worked as a senior associate on the corporate, business and securities matters relating to the formation of numerous private equity, timber and real estate funds in transactions aggregating billions of dollars, and counseled institutional investors on evaluating these funds, preparing side letters and obtaining more favorable business terms in partnership agreements. Chertok is an expert on investment adviser securities compliance, and has assisted several investment advisers with formulating from scratch and implementing their securities compliance policies and procedures.

A scholar of corporate law, securities law, private equity, and investment management law, he recently became interested in the impact of Title IV of the Dodd-Frank Act and related SEC rules on investment advisers, and plans to expand his scholarship to include torts and mergers and acquisitions. His articles have appeared, among other publications, in the "University of Pennsylvania Journal of International Economic Law," the "NYU Journal of Law and Business," the "Virginia Law and Business Review," the "UC-Davis Business Law Journal" and the "Harvard Business Law Review" (online edition).

This academic year he will teach Torts in the fall and Mergers & Acquisitions in the spring. “Joining Penn State has given me the opportunity to expand the focus of my research from corporate and securities law to include tort law. The highlight of my year has been becoming an expert in tort law, and rekindling my love for a subject that I left behind in law school," he said, adding that he also looks forward to bringing his business experience to teach Mergers & Acquisitions.

Chertok holds a juris doctor from the University of Pennsylvania Law School where he received the Lefever Prize for the best paper in law and economics, and a bachelor of arts from the University of Chicago, with honors. During college, he studied abroad for one year at the University of Paris (La Sorbonne and Nanterre).

About the Shughart Scholars Program

Each year, Penn State Law welcomes as visiting assistant professors a few scholars of exceptional accomplishment and promise as Dale F. Shughart Jr. Scholars. A 1974 graduate of The Dickinson School of Law, Shughart served with the U.S. Army in Korea as a platoon leader on the DMZ and as a security officer with the United Nation Joint Peacekeeping force in Panmanjom. He practiced law in Carlisle, Pennsylvania, taught Pennsylvania Civil Procedure at the Law School, sat on the Board of Directors for Legal Services, Inc. for more than twenty years, and served diligently as a member of the Board of Counselors before his death in 2010. A strong supporter of the Law School, Shughart played an instrumental role in both contributions to fund the development of new facilities and to a number of funds that support Law School operations.

  • Professors Clark Asay and Seth Chertok

    IMAGE: Mary Szmolko

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Last Updated July 22, 2015