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Buy or Die

AEI is hosting an event focusing on the problems of the nation’s shortage of vital organs. The website has links to the papers. The event agenda includes my friend and colleague Lloyd Cohen, who has done a good deal of work in this area (including this). Here’s the event description: The nation’s system for procuring ... Buy or Die

American Lawyer Article about Blawgs

The latest issue of The American Lawyer has an article about blawgs called Blawgs on a Roll. Here’s an excerpt: “Blawgs”-for the uninitiated-are legal blogs, and if you haven’t incorporated them into your daily reading, you are missing out. The most compelling, cutting-edge, honest legal writing being produced in this country today is happening on ... American Lawyer Article about Blawgs

Chase Hires New Dean

After a lightning fast dean search, I’m pleased to announce that we’ve hired Dennis Honabach, currently the Dean at Washburn University School of Law, as our new Dean. Dennis is a corporate law type so I’ll no longer be the senior corporate law prof on the faculty. This is a good thing because I’m not ... Chase Hires New Dean

The Conglomerate Enron Forum

The Conglomerate Enron Forum is up and running with a handful (yes, 1, 2, 3, 4, and 5!) of posts from Larry Ribstein, as well as entries from Bill Bratton, Ellen Podgor, Don Langevoort, Victor Fleischer, Nancy Rapoport, and Matt Bodie.  The lineup also includes John Coffee, Thomas Joo, Vic Khanna, and of course, the ... The Conglomerate Enron Forum

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.*

SEC may scrap "Katie Couric" provision of compensation disclosure rules.

See here for the story.

Option Backdating Scorecard

For those following the option backdating scandal, the W$J has a regularly updated scorecard here listing the embroiled companies, etc.  (HT:  Lattman).

Vonage IPO woes continue.

The NYT is reporting today (see here) that approximately 10,000 Vonage customers participated in its directed share program for its recent IPO.  Customers had until yesterday to pay for the shares.  However, given that the stock has dropped from its IPO price $17.00 to $12.50, some customers are refusing to pay.  Vonage indicated that it ... Vonage IPO woes continue.

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