Showing results for: “digital markets act”
Philip Morris v. Williams
Yet another *ANOTHER* products liability and disclosure case is in the news! The Supreme Court has granted certiorari in Philip Morris v. Williams. This case was brought against Philip Morris by the widow of a smoker, who maintained that Philip Morris’s fraudulent and negligent conduct regarding disclosure about cigarettes, lung cancer, safety risks, and related ... Philip Morris v. Williams
Do Economists Make Better Lawyers?
Yes. So says R. Kim Craft and Joe G. Baker in a recent paper in the Journal of Economic Education entitled “Do Economists Make Better Lawyers? Undergraduate Degree Field and Lawyer Earnings.” Here is the abstract: Using nationally representative data, the authors examine the effects of preprofessional education on the earnings of lawyers. They specify ... Do Economists Make Better Lawyers?
Home Depot Directors – It’s not you, it’s *me.*
Bill Sjostrom broke the news of the disgraceful absence of directors at the recent Home Depot shareholders’ meeting here. I found the story so scandalous, however, that I did a bit more digging, just to see what sort of rationale for missing the meeting was proffered by the truant HD directors. All I found was ... Home Depot Directors – It’s not you, it’s *me.*
Direct public offerings, free writing prospectuses, Vonage, and SOX
Back in 2001 I published an article entitled Going Public Through an Internet Direct Public Offering: A Sensible Alternative for Small Companies? DPOs had been (and continue to be) touted as a financing alternative for a small company that needs capital but can’t attract angel or VC financing or an underwriter to take it public. ... Direct public offerings, free writing prospectuses, Vonage, and SOX
Ribstein Responds: Lawyer Licensing Continued
In my first post on the economics of lawyer licensing (and in the comments) as well as my subsequent response to the Wilson/ Ribstein Point of Law discussion, I mentioned that this is an area where empirical evidence should add significantly to the debate since we have a good deal of variance in state restrictions ... Ribstein Responds: Lawyer Licensing Continued
Robinson-Patman Act Repealed!
Ok, not really. But the Antitrust Modernization Committee voted overwhelmingly in favor to repeal the Act (HT: Antitrust Review). Apparently, nine Commissioners voted in support of a the statement: “that Congress should repeal the Act in its entirety” on the grounds that: (1) the Act does not serve any purposes not already served by the ... Robinson-Patman Act Repealed!
Martha Stewart to Fight Civil Insider Trading Charges
As Lisa Fairfax notes over at the Glom (see here), Martha Stewart has decided to fight the civil insider trading charges filed against her by the SEC in June 2003 (more here). The complaint had been stayed pending resolution of the related criminal proceedings. With those proceedings resolved, the SEC lifted the stay last month. ... Martha Stewart to Fight Civil Insider Trading Charges
Lay *and* Skilling Found Guilty
See here! Skilling was found guilty of 19 counts (incl. conspiracy, fraud, false statements and insider trading). Lay was found guilty on 6 counts (fraud and conspiracy). I imagine both men will make model prisoners, although Lay might be the better prisoner, since he is very good at closing his eyes to bad things and ... Lay *and* Skilling Found Guilty
Vonage IPO flop magnifies FWP snafu.
As you’ve probably heard, Vonage’s IPO was a flop. It closed down 12.6% from its IPO price of $17. This represented the weakest first day performance of an IPO in nearly two years. It also greatly magnifies the apparent technical violations of the Securities Act I blogged about yesterday (see here). As Voange disclosed in ... Vonage IPO flop magnifies FWP snafu.
Lawyer Licensing: Where's the Data?
Larry Ribstein and Jonathan Wilson are discussing the merits of lawyer licensing at Point of Law. I am especially interested in the discussion of whether lawyer licensing actually protects consumers of legal services from dishonest and incompetent lawyers. Wilson argues that removal of lawyer licensing may well result in lower prices for legal services, but ... Lawyer Licensing: Where's the Data?
W$J Letters to the Editor; Organ Sales; Prostitution
You might have noticed that prostitution was on my list of things to talk about while blogging on truthonthemarket. Had I been blogging a decade ago, both prostitution *and* organ sales would have been on my list. You see, I have maintained for over a decade that the Supreme Court’s plurality opinion in Planned Parenthood v. ... W$J Letters to the Editor; Organ Sales; Prostitution
Vonage commits technical violation of Securities Act
I blogged earlier about Vonage taking advantage of recently liberalized SEC rules that allow the use of written marketing materials during the IPO waiting period (see here). Specifically, they emailed a letter to their customers regarding a directed share program. They then followed up the letter with a voicemail blast (see here). All this is ... Vonage commits technical violation of Securities Act
