Showing results for: “digital markets act”
Efficiency, Competition, Capital Formation, Investor Protection, Apple Pie and Puppies
One of the things that I hope to spend more time doing now that I have returned to the blogosphere is open-source article writing. By that I mean blogging about an article idea and updating it as I progress. Some say it’s a bad plan…people might steal your ideas, or maybe you expose yourself to ... Efficiency, Competition, Capital Formation, Investor Protection, Apple Pie and Puppies
Should the SEC regulate corporate political speech?
Ten leading corporate and securities law professors have petitioned the SEC to develop rules to require companies to disclose their political spending. This is the latest iteration of efforts to end-run Citizens United’s restrictions on regulating corporate campaign activities by calling it corporate governance regulation. See my recent post on the Shareholder Protection Act. I’ve written ... Should the SEC regulate corporate political speech?
The Economics of Gang Colors
Here. The article highlights an a paper stressing the role of gang colors as a commitment device to ensure higher quality criminals. The mechanism works, the authors contend, because gang colors are a handicap that increases the probability of detection and thus, low quality criminals are less likely to be able to “afford” wearing them. ... The Economics of Gang Colors
The SEC’s revolving door
I discussed last year the peculiarities of the SEC’s complaint against Goldman arising out of the infamous Abacus transaction. One peculiarity is how John Paulson, whose undisclosed role in structuring the transaction led to the charges against Goldman, has escaped blame. Today Andrew Ross Sorkin sheds some light on why that might be: a senior ... The SEC’s revolving door
The remains of Howrey
I have previously covered the death of Howrey. I noted here the question of the extent to which Howrey’s LLP shield will protect its former partners from liability for the firm’s debts, and more generally what can happen following “the swift collapse of big law firms that have no real assets except the lawyers who, ... The remains of Howrey
Overcriminalization in action: the FCPA
I have written about the problems of criminalizing corporate agency costs and the intersection between these agency costs and the agency costs of the government agents who prosecute the crimes. Joe Yockey, in his recent paper Solicitation, Extortion, and the FCPA, shows that Foreign Corrupt Practices Act prosecutions provide a particularly acute illustration of these ... Overcriminalization in action: the FCPA
Cost-Benefit Analysis at the SEC
Despite the SEC’s groundbreaking defeat at the DC Circuit over the proxy access rules, on the grounds that it failed to adequately weigh the costs and benefits of the rule proposal, the SEC Chairman has decided that the Commission will not conduct a full cost-benefit analysis of rules mandated by the Dodd-Frank Act. In a ... Cost-Benefit Analysis at the SEC
The Missouri suit against LegalZoom
Apropos of my recent discussions (e.g. here) of litigation against LegalZoom (and note my potential interest in this subject), the Law Blog reports on the Missouri class against LegalZoom alleging that LegalZoom is illegally practicing law in Missouri. The judge denied a motion for summary judgment and the case is going to trial August 22. The ... The Missouri suit against LegalZoom
Hot off the press: the future of legal education
My oft-blogged paper on the future of legal education, Practicing Theory: Legal Education for the Twenty-First Century, has now been published in the Iowa Law Review (the link takes you to the published version). Here’s the abstract: Law practice and legal education are facing fundamental changes. Many assume that these changes will force law schools ... Hot off the press: the future of legal education
Cooper and Kovacic on Behavioral Economics and Regulatory Agencies
There is an embarrassing blind spot in the behavioral law and economics literature with respect to implementation of policy whether via legislation or administrative agency. James Cooper and William Kovacic — both currently at the Federal Trade Commission as Attorney Advisor Commissioner, respectively — aim to fill this gap with a recent working paper entitled ... Cooper and Kovacic on Behavioral Economics and Regulatory Agencies
The mirage of lawyer discipline
The Des Moines Register (HT Law Blog) reports that the Iowa Supreme Court is considering offering lawyers the option of agreeing to expedited law license suspension in exchange for confidentiality: Under the proposed rule change, lawyers suspended for stealing from clients, drug and alcohol problems, and neglecting important cases could hide what they did and ... The mirage of lawyer discipline
The opportunity costs of the backdating scandal
I have blogged extensively about the waste and injustice of the overblown backdating scandal. (The posts are collected in Ideoblog’s executive compensation archive). Now we have an accounting of the opportunity costs of the SEC’s pursuit of this so-called scandal. Here’s the abstract of Choi, Pritchard and Wiechman, Scandal Enforcement at the SEC: Salience and ... The opportunity costs of the backdating scandal
