Showing results for: “digital markets act”
No Facts, No Problem?
There has been, as is to be expected, plenty of casual analysis of the AT&T / T-Mobile merger to go around. As I mentioned, I think there are a number of interesting issues to be resolved in an investigation with access to the facts necessary to conduct the appropriate analysis. Annie Lowery’s piece in Slate ... No Facts, No Problem?
What happened to IPOs redux
A couple of months ago I asked, “what happened to IPOs.” Today’s WSJ asks almost the exact same question and gets the same answer: The elephant in the room is the 2002 Sarbanes-Oxley law, which triggered billions of dollars in new compliance costs for public companies. * * * The question for companies now, as ... What happened to IPOs redux
The counterproductive effects of SOX and Dodd-Frank
Much significant regulation has been inflicted on the financial markets over the last decade with little regard for evidence of whether the regulation is likely to accomplish its intended purpose. A couple of recent studies on SOX and Dodd-Frank suggest that at least some of this regulation has made things worse. Kim and Lu, Unintended Consequences ... The counterproductive effects of SOX and Dodd-Frank
The AT&T and T-Mobile Merger
The big merger news is that AT&T is planning to acquire T-Mobile. From the AT&T press release: AT&T Inc. (NYSE: T) and Deutsche Telekom AG (FWB: DTE) today announced that they have entered into a definitive agreement under which AT&T will acquire T-Mobile USA from Deutsche Telekom in a cash-and-stock transaction currently valued at approximately ... The AT&T and T-Mobile Merger
The Dodd-Frank debacle, takeover edition
The so-called “Dodd-Frank Wall Street Reform and Consumer Protection Act” was supposed to fix the problems that led to the financial bust. Of course, that would require some understanding of what, exactly, those problems were, which Congress lacked. The Act did little to fix the credit raters or the derivatives market that surely had something ... The Dodd-Frank debacle, takeover edition
Securities prices and current events
When teaching efficient markets I like to have fun speculating about the limits of the theory. The third edition of my casebook (Ribstein & Letsou, Business Associations), had a New Yorker cartoon which showed executives looking out their high-rise window at attacking flying saucers and remarking: “Drat! I suppose the market has already discounted this, ... Securities prices and current events
More on Gupta-gate
I first addressed what I call “Gupta gate” a week ago in a post on “the SEC’s shrinking credibility.” There I noted: Guptagate is the SEC’s decision on March 1, the eve of its big Rajaratnam case, to file an administrative order against Rajat K. Gupta, former Goldman Sachs and P & G director, for ... More on Gupta-gate
ABA Section of Antitrust Spring Meeting
The 59th Annual Section of Antitrust Spring Meeting is coming up March 30th to April 1. For those who have not yet had the opportunity to attend and will be in DC or can make it — its a great event and I highly recommend it. If you are a law student interested in attending ... ABA Section of Antitrust Spring Meeting
Proposed Privacy Legislation
The Obama Administration is advocating a privacy bill. One provision will limit the use of data to the purpose for which it was collected unless a consumer gives permission for additional uses; another will give consumers increased rights to access information about themselves. Both of these provisions may actually reduce safety of data online. One additional purpose for which ... Proposed Privacy Legislation
AALS unincorporated business section call for papers
CALL FOR PAPERS AALS Section on Agency, Partnerships, LLCs and Unincorporated Associations 2012 AALS Annual Meeting Washington, D.C. The AALS Section on Agency, Partnerships, LLCs and Unincorporated Associations will hold a program during the AALS 2012 Annual Meeting in Washington, D.C. on the subject of Using Unincorporated Business Entities for Non-Business or Non-Profit Purposes. Business ... AALS unincorporated business section call for papers
March 15: Kick-Off for The Law School Hiring Cartel
If you’re currently a law professor and you’re thinking you might want to change schools (because, for example, your school continued its precipitous slide in the law school rankings . . . more about that later), you’d better hop on the phone. Today is your last day to snag a visiting offer from another law ... March 15: Kick-Off for The Law School Hiring Cartel
Lawyers and the invention of the barometer
Stephen Baker, writing in yesterday’s WSJ: Watson doesn’t “know” anything, experts say. * * * This is all enough to make you feel reinvigorated to be human. But focusing on Watson’s shortcomings misses the point. It risks distracting people from the transformation that Watson all but announced on its “Jeopardy!” debut: These question-answering machines will ... Lawyers and the invention of the barometer
