The Latest

The most recent scholarly commentary on law, economics, and more

A First Day Thought on "Truth on the Market"

I didn’t pick the name of this weblog, but I really like it. It encapsulates, I believe, much of what the blogosphere is about. As Bill noted, the truth-on-the-market defense essentially prevents a finding of securities fraud based on a defendant’s misstatement or omission if the truth has effectively entered the market. The doctrine thus ... A First Day Thought on "Truth on the Market"

Will SCOTUS Tame the Exotic Beast?

It is a pretty exciting time in the antitrust world. This, of course, is bad news for firms. SCOTUS will decide three antitrust cases this term, each offering a promising opportunity to clarify murky doctrine or undo an erroneous application of relatively clear antitrust principles. Texaco v Dagher falls into the latter category. The bulk ... Will SCOTUS Tame the Exotic Beast?

Hello World!

Welcome to Truth on the Market. We have launched this blog to provide the metaphysical subjective truth on abstract, concrete and invisible markets throughout the civilized world (whatever that means). More specifically, as indicated by our current tagline (we know it’s unoriginal; we hope to come up with something better soon) our blog will provide ... Hello World!

Can the SEC Exempt Small Companies From Sarbanes-Oxley 404?

Last month the SEC Advisory Committee on Smaller Public Companies adopted the following three recommendations concerning oft-maligned Sarbanes-Oxley Section 404: 1. Exempt Microcap companies from S404, subject to certain conditions 2. Exempt Smaller Public Companies from the external audit requirement of S404, subject to certain conditions. 3. The subcommittee strongly endorses recommendation #2. However, if ... Can the SEC Exempt Small Companies From Sarbanes-Oxley 404?

We go live soon!

We’re not live yet, but we will be soon. Our planned launch date is January 17, 2006.

Email

Ben Sperry (Twitter: @rbensperry) Dirk Auer (Twitter: @auerdirk) Eric Fruits (Twitter: @ericfruits) Geoffrey Manne (Twitter: @geoffmanne) Ian Adams (Twitter: @IAtheTeapot) Julian Morris (Twitter: @julian_morris) Gus Hurwitz (Twitter: @gushurwitz) Joanna Shepherd Kristian Stout (Twitter: @kristianstout) Mike Sykuta (Twitter: @msykuta) Thom Lambert (Twitter: @profthomlambert)

Policies

Posts. The views expressed in posts on this blog are those of the designated author and do not necessarily reflect the views of the other bloggers. With that said, if you find a post particularly insightful, brilliant or the like, you can assume it does reflect the insightfulness, brilliance, etc. of the other bloggers for ... Policies

Authors

Ian AdamsExecutive Director, International Center for Law & EconomicsWeb Profile Dirk AuerSenior Fellow in Law & Economics, International Center for Law & EconomicsWeb ProfileSSRN Page Jonathan BarnettDirector of Media, Entertainment and Technology Law Program, USC Gould School of LawWeb ProfileSSRN Page Sam Bowman Director of Competition Policy, International Center for Law & EconomicsWeb Profile Eric ... Authors

About