“Do we really want to exclude Americans from investing in high-flying American companies?” [Larry Ribstein, Truth on the Market]
Posts Tagged ‘Securities and Exchange Commission’
January 21 roundup
- More commentary on Obama regulatory initiative [Federal News Radio with quotes from Cass Sunstein, Diana Furchtgott-Roth, Steven Malanga, David Harsanyi, Carter Wood/ShopFloor, Iain Murray, Lammi/WLF, earlier]
- Corporate governance buffs will want to check out new Proxy Monitor website from Manhattan Institute which includes a database of shareholder resolution activity at the 100 largest public companies [Jim Copland/Point of Law (some early empirical findings), Bainbridge (“This is going to be a great resource for anyone interested in shareholder activism”), ShopFloor]
- Lawyer solicits subway blizzard strandees. OK under NY rules? [Turkewitz]
- California reform ideas: “A Modest Proposal For Fixing Proposition 65” [Cal Biz Lit] “A Better Consumer Legal Remedies Act” [same]
- Proposed criminal prohibition on doctors’ questioning patients about guns “would violate the First Amendment, as well as just being a lousy idea” [Volokh]
- Oldest federal bench ever — and the problems that can cause [Joseph Goldstein, Slate]
- Attention “payday lending” critics: “Lawsuit Loans Add New Risk for the Injured” [NY Times, Kenneth Anderson, California Civil Justice; defenses of champerty/litigation finance from Larry Ribstein and Stephen Gillers]
- Wisconsin student sues unsuccessfully over summer homework requirement for pre-calculus class [six years ago on Overlawyered]
November 26 roundup
- Reason TV interviews Richard Epstein;
- On the SEC’s big new “insider trading” sweep [Ribstein, Bainbridge, Lambert, Salmon, more Ribstein]
- Losing = winning? Ambitious claim for fees in environmental case [California Civil Justice, scroll]
- “Unintended consequences department: canceled flights” [Ted at PoL] And check out Ted’s new TSA Abuse Blog, on one of the hottest issues of the moment. More on that from Popehat and Simple Justice;
- H.R. 1408, the Inclusive Home Design Act, would compel handicap accessibility in private home design, yet another dreadful idea from Rep. Jan Schakowsky of CPSIA fame [AmendTheCPSIA]
- “This place would be a shoplifter’s paradise (and a liability insurance abuser’s motherlode) in the United States, but we were in Japan, where they don’t seem to worry as much about that kind of thing.” [Mark Frauenfelder, BoingBoing, on the Showa Kan museum of everyday midcentury life in Takayama]
- UK: “I moved out for decorators and squatters took over my house” [Evening Standard]
- From the ruins of Pompeii, a reflection on government and disaster relief [Dum Spiro Spero]
“The regulatory origins of the flash crash”
Could it be that cutting spreads of middlemen market-makers wasn’t a great way of advancing investors’ interests? “Maybe the government shouldn’t mess with markets unless it really understands how they function and the costs of regulation. Which it usually doesn’t.” [Larry Ribstein, Truth on the Market]
SEC’s “proxy access” initiative
Prof. Bainbridge pushes back against an Obama administration boon for shareholder activism, and detects “a political payoff by the Democrats in Congress and at the SEC for their buddies at union and state and local government pension funds.” More: comment letter to SEC (PDF) from John Endean of American Business Conference; Larry Ribstein.
July 30 roundup
- Hilton Head dispute over pet turkeys leads to $4.25 million verdict [Island Packet via Lowering the Bar]
- “Lucasfilm lightsaber legal threat letter sells for $3,850” [BoingBoing, earlier]
- Raw milk: “If The Government Says That It’s Not About Freedom, Then It’s Just NOT” [Ken at Popehat vs. L.A. Times]
- Dell “failed to stress” accounting disclosure. SEC: that will be $100 million [TJIC]
- Dodd-Frank dubbed “Lawyers’ and Consultants’ Full Employment Act of 2010″ [Mark Perry, WSJ Law Blog]
- “Did liberal judges invent the standing doctrine? An Empirical Study of the Evolution of Standing, 1921-2006” [Ho/Ross, Stanford Law Review]
- Office of Connecticut AG Blumenthal doesn’t emerge with glory from fertility doctor case [Pesci]
- Massachusetts high court tosses 125-year-old rule: owners now face wider liability for snow/ice hazards [Globe]