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Slopping Wordsmithing by the WSJ or Bad Corporate Governance?

As we know, News Corp. has made a bid for Dow Jone, offering $60/sh for the outstanding Dow Jones stock.  The Bancroft family, however, who controls at least a majority of the Dow Jones voting stock, has indicated clearly that it will not vote in favor of this offer, such that the offer, as it currently ... Slopping Wordsmithing by the WSJ or Bad Corporate Governance?

FTC Grocery Antitrust Conference

The FTC’s Bureau of Economics has scheduled a conference that looks very interesting and concerns a subject near and dear to my heart: antitrust in the supermarket!  Sadly, I will not be able to attend as I am going to take a little bit of a paper grading/ battery re-charge vacation for the next few ... FTC Grocery Antitrust Conference

Reflections on the GMU/Microsoft Conference

As you may know, this past Friday we (Geoff and Josh) organized the inaugural GMU/Microsoft Conference on the Law and Economics of Innovation. Overall, we were extremely pleased with our first entry in this conference series, The Regulation of Innovation and Economic Growth. We had about 130 register for the conference, including many high level ... Reflections on the GMU/Microsoft Conference

Professor Bainbridge's Complete Guide to Sarbanes-Oxley

Is available here. Here is the description: Congress passed the Sarbanes-Oxley Act in response to major corporate and accounting scandals–and many consider the act to be the most significant change in corporate governance and securities regulations in the past seventy years. SOX requirements have brought about far-reaching changes for public corporations, private corporations, and nonprofits. ... Professor Bainbridge's Complete Guide to Sarbanes-Oxley

Senator Kohl on Antitrust, Part I — Airline Mergers

One nice thing about being a legal academic is that you can diversify your political portfolio. By that, I mean that you become somewhat indifferent to who’s in office. If it’s folks you agree with, then you’re happy because your preferred policies are being implemented. If it’s folks with whom you disagree, then you’re happy ... Senator Kohl on Antitrust, Part I — Airline Mergers

Clinton, Obama, and Wal-Mart

At his new and excellent blog Hodak Value, frequent TOTM commentor Marc Hodak offers the following in response to a post at the Daily Kos implying that Wal-Mart’s treatment of its workers should give rise to a level of concern similar to that of the Rwandan genocide: My standard for concern about an organization is ... Clinton, Obama, and Wal-Mart

Testimony on HB 1902 Prohibiting "Pay for Delay" Settlements

David Fischer brings my attention to testimony on HB 1902 which would prohibit “payment for delay” settlements between brand name and generic drug companies.  FTC Commissioner Leibowitz testified on the position of my new employer here. I also learned from reading Scott Hemphill’s testimony and submission (Columbia Law), which relies upon and includes some of ... Testimony on HB 1902 Prohibiting "Pay for Delay" Settlements

Dow Jones Board Action: Nice exam question

Does a bid for Dow Jones implicate Revlon duties?  Can a board “just say no”?  What if the Board says nothing, b/c they know a majority of their s/h will not vote for the acquisition?  This is the stuff good Corporations or M&A exam questions are made of.  Luckily, counsel to the Dow Jones Board must have paid ... Dow Jones Board Action: Nice exam question

GMU/ Microsoft Innovation Forum Next Week!

As Geoff noted the other day, The First Annual GMU / Microsoft Annual Conference on the Law and Economics Innovation is now just one week away. It will be Friday, May 4th at GMU Law from 9 am to 4pm. This year’s topic is “The Regulation of Innovation and Economic Growth.” Conference papers and discussion ... GMU/ Microsoft Innovation Forum Next Week!

How Steve Levitt Might Save Economics

There’s been enough attention paid to the question of whether Steve Levitt is ruining economics.  I did my share to contribute to the focus on this question.  My bad.  But now even Levitt himself has responded to Scheiber’s claim that he is ruining economics.  His response: “No I haven’t, and you wouldn’t know it if ... How Steve Levitt Might Save Economics

Angrist on Levitt, Instrumental Variables, Identification, and Defending Cuteness

It is apparently vogue to ask whether Steve Levitt is ruining economics? The serious question behind all of this is whether today’s economists have become too enamored with cute and clever questions rather than the day’s “big” questions.  I’ve already gone on the record on this one with a comment to a post over at ... Angrist on Levitt, Instrumental Variables, Identification, and Defending Cuteness

Spring Placement Round-Up

Over at PrawfsBlawg, Matt Bodie is soliciting information to compile a list of legal scholarship placed this spring submission cycle. If you want your piece included see here.