Posts Tagged ‘newspapers’

Securities law and spill news

“Given recent volatility in BP share price, I’m told that information related to top kill is now considered stock-market sensitive, which means it has to be managed under disclosure rules for the London and N.Y. stock exchanges,” the BP media official said in an e-mail message. “In a nutshell, that means all investors must be provided information on an equal basis. That precludes me from sending you updates as various aspects of the operation unfold.” — today’s New York Times. Readers can correct me if I’m wrong, but I believe securities law itself, and not merely private exchange rules, currently constrains companies’ release of stock-market-sensitive information.

P.S.: Ira Stoll, better informed than I about the background, makes the same point: “I agree with Mr. Carr that this is a problem, but his quarrel should be with the SEC and Reg FD, not with BP.”

June 11 roundup

March 24 roundup

  • Jury orders Dutchess County, N.Y. school district to pay $1.25 million for not adequately addressing classmate harassment of “very dark skinned” half-Latino student; district protests that it had extensively pursued diversity/sensitivity programs [Poughkeepsie Journal]
  • More unwisdom: “Oklahoma House of Representatives Proposes Ban on Use of Foreign Law in Oklahoma Courts” [Volokh, earlier on Arizona bill]
  • Update: California environment czars won’t ban black cars, but watch out for what reflective-layer window mandates might do to cellphones and tollgate transponders [ShopFloor, earlier]
  • “Firm Sanctioned for ‘Perfect Storm’ of Improper Practices in Debt Collection” [NYLJ]
  • Critic of lie detector technology says U.K. libel law has silenced him [Times Online] Science journalist Simon Singh says fighting chiropractors’ libel suit is so draining that he’s quitting his column for the Guardian [Guardian, Citizen Media Law]
  • Florida: father who lost wife, son in murder/suicide at gun range drops lawsuit against the store [Orlando Sentinel]
  • Appeals court declines to overturn Mary Roberts sextortion conviction [MySanAntonio.com, opinion, related, earlier]
  • Corporation for Public Newspapering? Stimulus bucks go to “public-interest investigative journalism” [SFWeekly]

January 8 roundup

  • Pa. cash-for-kids judge allegedly came up with number of months for length of sentence based on how many birds could be seen out his office window [Legal Ethics Forum, with notes on ornithomancy or bird divination through history]; “The Pa. Judicial Scandal: A Closer Look at the Victims” [WSJ Law Blog on Philadelphia Inquirer report]; feds charge third county judge with fraud [Legal Intelligencer, more]; state high court overturns convictions of 6,500 kids who appeared before Ciavarella and Conahan [Greenfield]; judge orders new trial in Ciavarella’s eyebrow-raising $3.5 million defamation verdict against Citizens’ Voice newspaper in Wilkes-Barre; some web resources on scandal [Sullum, scroll to end]
  • Says drinking was part of her job: “Stripper’s DUI Case Survives Club’s Latest Attack” [OnPoint News, earlier]
  • Hundreds of lawyers rally to protest Sheriff Arpaio, DA Thomas [Coyote, Greenfield, ABA Journal, Mark Bennett interview with Phoenix attorney Jim Belanger, earlier here, here, and here]. In deposition, Arpaio says he hasn’t read book he co-authored in 2008 on immigration [Balko, Coyote] And as I mentioned a while back, Maricopa D.A. Andrew Thomas turns out to be the very same person as the Andrew Peyton Thomas toward whom I was uncharitable in this Reason piece quite a while back.
  • Ted Roberts, of the famous sex-extortion case, begins serving five-year term [AP/Dallas News, KENS]
  • New Hampshire lawsuit over leak of documents to mortgage gadfly site raises First Amendment issues [Volokh, earlier here and here]
  • Did someone say paid witness? Judge tosses decade-old animal rights case vs. Ringling circus [Orlando Sentinel, Zincavage] Bonus: Ron Coleman, Likelihood of Confusion, on PETA and Michelle Obama;
  • How’d foreclosure tax get into Connecticut budget when both parties claimed to oppose it? [Ct. News Junkie]
  • Best-legal-blog picks of Ryan Perlin, who writes “Generation J.D.” for the Maryland Daily Record, include one that’s “humorous though sometimes disheartening”, while La Roxy at Daily Asker salutes a certain website as “Lurid, i.e. satisfying”. Thanks!

December 4 roundup

  • Insurance mandate or no, New Jersey specialists tending to duck out of high-legal-risk procedures like mammography [Amy Handlin, Gloucester County Times via NJLRA]
  • Audi redux, or something different this time? L.A. Times endorses charges of sudden acceleration against Toyota [Holman Jenkins/WSJ, FindLaw “Injured“]
  • Ghastly idea of the year: Rep. Waxman wants federal government to be “responsible” for fixing journalism [Coyote, Bainbridge]
  • “Arkansas Judge Tosses Defamation Lawsuit Against Dixie Chicks Over ‘West Memphis Three’ Letter” [Citizen Media Law, Longstreth/American Lawyer]
  • Judge Weinstein: falsification by arresting officers seems “widespread” in NYPD [Balko, Greenfield]
  • U.K.: Carbon ration cards? [Krauthammer]
  • Nova Scotia, Canada: “A Couple in their 70s Wave at A Kid…And In Swoop the Cops” [Free-Range Kids]
  • Barbra Streisand loses suit over aerial photo of her Malibu home taken by environmental group; by suing, she ensures that many thousands more people will see the photograph, in what is dubbed “Streisand effect” [six years ago on Overlawyered]

September 28 roundup