Showing results for: “digital markets act”
Judge Posner on Financial Reform and the Consumer Financial Protection Bureau
Judge Posner offers his thoughts on financial reform, mostly negative, at Bloomberg. The thrust of the essay is that the financial regulation produced by the political process has, at best, a poor nexus to the actual causes of the economic crisis, and that what we are left with is primary reorganization and reshuffling to look ... Judge Posner on Financial Reform and the Consumer Financial Protection Bureau
“I’m not going to praise the Leegin decision”
Compared to the nominations of Justices Alito, Roberts and Sotomayor, there has been little excitement for the antitrust community on the most recent Supreme Court nomination of Elena Kagan. But there is something. The WSJ Law Blog reports that while Kagan refused to “praise the Leegin decision.” Legal Times reports that in response to Senator ... “I’m not going to praise the Leegin decision”
Lollapalooza and Antitrust
Apparently, the Illinois Attorney General is investigating Lollapalooza for potential antitrust violations arising out of exclusivity clauses that the concert promoter includes in the contracts signed with artists who play the show. The controversial radius clauses prohibit Lollapalooza acts ranging from the top headliners to the smallest “baby bands” at the bottom of the bill ... Lollapalooza and Antitrust
The Supremes: Congress messed up SOX but no big deal
The PCAOB members’ tenure unconstitutionally insulated them from executive supervision, but in David Zaring’s succinct summary The remedy is the key, and although the Court didn’t explain the remedy too clearly, it basically excised the removal protections, making members of the PCAOB removable at will by the President * * * and handed petitioners a ... The Supremes: Congress messed up SOX but no big deal
The Olmstead decision and the problem of single member LLCs
The Florida Supreme Court’s decision in Olmstead v. FTC on the surface is a highly convoluted case that outwardly appeals only to the sort of people who think about LLCs in the shower. Since I qualify, I suppose it falls to me to explain what this is all about. Bear me out, because this matters ... The Olmstead decision and the problem of single member LLCs
F Cubed and jurisdictional competition
The Supreme Court, per Scalia, opined yesterday in Morrison v. National Australia Bank that foreign plaintiffs who transacted in foreign shares on a foreign exchange (hence, “f cubed”) could not bring a 10b-5 action. Margaret Sachs has a good analysis on the Glom. I want to emphasize one important and generally overlooked aspect of the ... F Cubed and jurisdictional competition
Antitrust at George Mason
Danny Sokol has posted the most downloaded antitrust law professors. I come in 4th behind Damien Geradin, David Evans, and Herb Hovenkamp. It is flattering to be in company like that by any measure. Cool. But, as Danny points out, what is even cooler is that George Mason is one of only a handful of ... Antitrust at George Mason
Proxy Access Defense #1
I’ve been spending my summer trying to get ahead of the ball on proxy access and consider the types of defenses Boards might employ against insurgents making use of the federal proxy access provision in the Dodd Bill. An article will hopefully be shipped to editors by mid-August. I first started thinking about the various ... Proxy Access Defense #1
The Supreme Court partially decriminalizes agency costs
In the Skilling-Black case, the Court struck down “honest services” wire fraud under 18 U.S.C. 1346 in the absence of bribery/kickback allegations and remanded for determinations whether the errors in applying the statute justify reversals. But the Court also held that adverse pretrial publicity and community prejudice did not prevent Skilling from obtaining a fair ... The Supreme Court partially decriminalizes agency costs
Where’s the Evidence? Do Employers React to Grade Inflation?
All the rage around the law blogs this week is the question of whether law schools should be engaging in grade inflation. The issue arises from time to time. The NYT kicked off the discussion most recently with its story on the (gasp) retroactively applied bump given to Loyola LA law students. You can’t miss ... Where’s the Evidence? Do Employers React to Grade Inflation?
Clawbacks
Dennis Berman, writing in yesterday’s WSJ, discussed the SEC’s case against Maynard Jenkins, former ceo of CSK, to return $4.1 million in stock option grants because accounting fraud, in which Jenkins was not involved, allegedly inflated the returns the grants were based on. This is the SEC’s first attempt to enforce SOX Section 304 against ... Clawbacks
Solving Shelf Space Incentive Conflicts With Vertical Integration and By Contract in the Soda Market
There is a nice example in the WSJ concerning the economics of vertical contractual arrangements. I’ve noted previously the apparent trend in the soda industry toward vertical integration and the link to the economics of promotional shelf space. In particular, incentive conflicts between manufacturers and retailers of differentiated products over the use of promotional shelf ... Solving Shelf Space Incentive Conflicts With Vertical Integration and By Contract in the Soda Market
