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Jacoby & Meyers’ lawsuit challenges the legal establishment
The WSJ writes that Jacoby & Meyers Law Offices LLP, a pioneer of television legal advertising, filed lawsuits Wednesday challenging state laws in New York, New Jersey and Connecticut that prohibit nonattorneys from owning stakes in law firms. The firm, which has more than 60 lawyers and specializes in personal-injury cases, claims that the restrictions ... Jacoby & Meyers’ lawsuit challenges the legal establishment
Crime in Berkeley
“Sure, but they don’t have to carry exactly the same products. It’s not that there was no competition before — we carried some of the same items — but we had matching pricing.” That’s Shirley Ng, owner of the Country Cheese Coffee Market at 1578 Hopkins Street in Berkeley, CA. (HT: Marginal Revolution) The story is about how ... Crime in Berkeley
The WSJ redefines illegal insider trading
Today’s WSJ, in an obvious effort to grab readers seeking more insider trading titillation in the wake of the Galleon verdict, has a story about a new supposed scandal — investment banks offering hedge fund traders special access to dealmakers at exclusive lunches in order to get more trading business from the funds. The article ... The WSJ redefines illegal insider trading
Rajaratnam’s crime
Rajaratnam stands convicted. What, exactly, did he do wrong? Holman Jenkins, writing in today’s WSJ, appropriately mocks the notion driving the Rajaratnam prosecution that insider trading “law’s purpose is to protect the public from informed stock prices.” As Jenkins notes: There is no level playing field. Nor does there need to be one for the ... Rajaratnam’s crime
Organizing Economists at the CFPB
With the recent announcement of Sendhil Mullainathan as the Assistant Director for Research at the Consumer Financial Protection Bureau (WSJ profile here), while one turns to the question of how economic input will be incorporated into agency decision-making. Luke Froeb makes a nice point about the organization of economists in administrative agencies: The FTC, which ... Organizing Economists at the CFPB
Wal-Mart, Jobs and Consumers
What happens when Wal-Mart comes to town? One thing is for sure, the line for jobs is long: In contrast, a new Walmart in Cleveland recently received 6000 applicants for 300 positions, and, not long ago, two Walmart stores in the Chicago area received 25,000 and 15,000 applications. The Cleveland store hired one in twenty ... Wal-Mart, Jobs and Consumers
AALS Call for Papers on Behavioral Economics & Antitrust Law
Call for Papers Announcement AALS Section on Antitrust and Economic Regulation AALS Section on Law & Economics Behavioral Economics & Antitrust Law January 5-8, 2012 2012 AALS Annual Meeting Washington, DC The AALS Section on Antitrust and Economic Regulation and the Section on Law & Economics will hold a joint program ... AALS Call for Papers on Behavioral Economics & Antitrust Law
Barnett v. Barnett on Antitrust
Tom Barnett (Covington & Burling) represents Expedia in, among other things, its efforts to persuade a US antitrust agency to bring a case against Google involving the alleged use of its search engine results to harm competition. In that role, in a recent piece in Bloomberg, Barnett wrote the following things: “The U.S. Justice Department ... Barnett v. Barnett on Antitrust
The trouble with law reviews
I’m finally catching up with this NLJ article about Hofstra law prof Richard Neumann’s estimate that the cost of a law review article written by a tenured professor at a top law school is around $100,000 ($25-$42,000 for assistant professors at lower-paying law schools). The estimate includes the professor’s salary, benefits and research grants and ... The trouble with law reviews
Senate Judiciary Hearing on AT&T / T-Mobile Merger
The hearing is Wednesday morning. The Witness List suggests that the hearing will primarily serve as an opportunity for the merging parties, rivals, other interested parties, and lets not forget the Senators, to restate their positions “for the record.” And while I get where the Committee is going with the “Humpty Dumpty” title, “the T-1000 ... Senate Judiciary Hearing on AT&T / T-Mobile Merger
Correlation and Causation, Revisited
Comic from Doghouse Diaries.
Schumer and the decline of New York
Six years ago Henry Butler and I wrote about what we called the Sarbanes-Oxley Debacle. Well, it’s still a debacle after all these years, and having significant effects on business and international competition. Yesterday’s WSJ opined, concerning the potential NYSE/Deutsche Borse merger that whoever ends up owning the iconic trading venue, the question is whether ... Schumer and the decline of New York
