Showing results for: “digital markets act”
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
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
SEC takes a bite of the Apple
Today, the SEC filed securities fraud charges against two former Apple senior executives for matters pertaining to Apple’s backdating scandal. The SEC settled its claims against former Apple CFO Fred Anderson at the same time it filed suit. Anderson will pay about $3.5 million in disgorgement and penalties. Former Apple General Counsel Nancy Heinen did ... SEC takes a bite of the Apple
An Interesting Paper on Unwanted Fertility and Crime
Juan Pantano, a Ph.D. Candidate in the excellent UCLA Economics Department, has a paper that some of our readers might be interested in entitled: Unwanted Fertility, Contraceptive Technology and Crime: Exploiting a Natural Experiment in Access to the Pill. Here’s the abstract: A blossoming literature in the U.S. examines the role of abortion legalization on ... An Interesting Paper on Unwanted Fertility and Crime
Brian Leiter's Law School Rankings
Brian Leiter makes the following request: I’ve heard from many readers that when you search Brian Leiter you don’t in fact get my law school ranking site as one of the top results, even though you get my blogs, my homepages, and my philosophy ranking site. So, dear reader with a blog, please post a ... Brian Leiter's Law School Rankings
Congratulations to Kate Litvak!
Kate Litvak (UT Law, and friend of TOTM) , whose excellent paper (discussed around the blogosphere here and here), “The Effect of the Sarbanes-Oxley Act on Non-US Companies Cross-Listed in the US,” has been selected as the best paper for the forthcoming special issue of the Journal of Corporate Finance associated with the Boundaries of ... Congratulations to Kate Litvak!
North Dakota Publicly Traded Corporation Act
The governor of North Dakota recently signed into law the North Dakota Publicly Traded Corporation Act (ht: Broc Romanek). The Act resembles a shareholder activist wish list including majority voting for the election of directors, elimination of staggered boards, advisory shareholder votes on executive compensation, shareholder proxy access, proxy contest reimbursement, poison pill restrictions, etc. ... North Dakota Publicly Traded Corporation Act
A New Defense of the Per Se Prohibition Against RPM?
Professor Sokol points to this paper by Ittai Paldor (an SJD student at U. Toronto) which Sokol points out qualifies as the rarely observed defense of the per se rule against RPM. Here’s an excerpt from the abstract: In the following I argue that legal policymakers’ current approach is economically justified. I show that all ... A New Defense of the Per Se Prohibition Against RPM?
Blog roll updates
I just updated our blog roll. It now contains a link to the always-excellent Organizations & Markets Blog (Peter Klein and Nicolai Foss), mentioned/linked to by several of us before. Also, Marc Hodak (of frequent and excellent commenting fame) seems to have a blog, Hodak Value, to which we’ve added a link. I look forward to reading more ... Blog roll updates
Dear Wal-Mart, Shareholders *own* the corporation.
Today’s WSJ had an article titled “Wal-Mart Apologizes to Groups That Were Focus of Surveillance,” which noted that Wal-Mart apologized for responding to large institutional shareholders as “threats.” Obviously Wal-Mart realized a bit too late that it was absurd, from an investor relations standpoint (and a corporate governance standpoint), to refer to the owners of ... Dear Wal-Mart, Shareholders *own* the corporation.
Another credit snob. Or is he just a snob?
Benjamin Barber (the author of the polemic, Jihad vs. McWorld) has an editorial in the LA Times today. Its title is: “Overselling capitalism: Why today’s markets are headed for disaster unless there is a shift in focus.” At first the editorial looks like a pretty standard entry in the growing line of comments suggesting we ... Another credit snob. Or is he just a snob?
