February 29 roundup
Jackpot justice and New Jersey pharmacies (with both a Whitney Houston and a Ted Frank angle) [Fox, PoL, our Jan. 3 post] New Mexico: “Trial lawyers object to spaceport limits” [Las Cruces Bulletin]...
View Article“Harvard’s Shareholder Rights Project is Wrong”
According to the Harvard Law School online catalog, the SRP is “a newly established clinical program” that “will provide students with the opportunity to obtain hands-on experience with shareholder...
View ArticleShareholder lawsuits: “Shark Attack”
The Economist on “Why American firms cannot do deals without being sued”: In 2005, 39% of M&A deals were challenged by lawsuits, one study found. By 2011 a hefty 96% of acquisitions worth more than...
View ArticleJuly 27 roundup
“Banks push back against lawsuits that target fee-warning signs on ATMs” [NYT via PoL] Crash fraud and clinic fraud: organized crime gangs eye insurance money [Dennis Jay, PC360] Maryland pit bull...
View Article“Lawyers Extract ‘Merger Tax’ From Shareholders, Study Says”
“The U.S. Chamber’s Institute for Legal Reform today released a study on merger-related litigation that concludes plaintiff lawyers take advantage of the court system to extract tens of millions of...
View ArticleBanking and finance roundup
FATCA: “Another American Turns in Passport to Protest Idiotic New Banking Regulations” [Matt Welch, earlier] Cato president John Allison discusses his new book “The Financial Crisis and the...
View ArticleDodd-Frank “say on pay” litigation
Putting the 2010 bill to work: Now, lawyers have found a new way to bring lawsuits over executive pay, resulting in a handful of legal settlements. But the settlements to date have produced no changes...
View ArticleBanking and finance roundup
But not before extracting $8.5 B: “Finding Little Evidence Of Foreclosure Fraud, Feds Give Up” [Daniel Fisher, Forbes; Kevin Funnell] Can Baltimore distinguish vindication from extortion? [Funnell]...
View ArticleBanking and finance roundup
David Henderson reviews Roger Donway book on Greg Reyes backdated-options prosecution [Econlog] Francis Menton on Argentina vs. creditors [Manhattan Contrarian via FedSoc Blog] New book, with...
View ArticleWant your annual meeting to go off with no trouble? Pay up
The Economist on an unplanned (at least one hopes it was unplanned) effect of Dodd-Frank: THE Dodd-Frank law of 2010 requires a “say-on-pay” vote for shareholders of American companies. Clever lawyers...
View ArticleJudge: plaintiff’s bar leafs through WSJ each morning looking for scandal
“I mean, frankly, I am totally puzzled, given that plaintiffs’ bar in this area uses the Wall Street Journal as their source of clients and cases, right? You guys read it every day, looking for...
View ArticleClass action confidential
Never mind the (alleged by former employee) lurid sex stuff, says Daniel Fisher, let’s talk about this law firm’s shortcomings in filing securities actions [Forbes] Tweet Tags: class actions,...
View ArticleBanking and finance roundup
After bank trespass, Occupy Philadelphia benefits from jury nullification and a cordial judge [Kevin Funnell] Cato commentaries on Cyprus crisis [Steve Hanke and more, Dan Mitchell, Richard Rahn...
View ArticleMay 2 roundup
Pigford and more: why do modern privacy laws so often redound to the benefit of those in power? [Stewart Baker] N.H. man who lost life savings at carnival game in exchange for dreadlocked banana...
View ArticleJudge Posner and the elusive confidential informant
To allege scienter (intent or knowledge of wrongdoing) in securities fraud cases, lawyers sometimes avow to the court that they have one or more confidential sources who tipped them off to the...
View ArticleDual-class shareholder arrangements
Why Elizabeth Warren is wrong about them [Prof. Bainbridge] Tweet Tags: securities litigation Dual-class shareholder arrangements is a post from Overlawyered - Chronicling the high cost of our legal...
View ArticleBanking and finance roundup
After bank burglarizes Ohio woman, law will give her curiously little satisfaction [Popehat] North Las Vegas scheme to seize underwater mortgages through eminent domain raises constitutional...
View ArticleBanking and finance roundup
With arbitrary power to order capital levels, FDIC is Death Star to community banking [Kevin Funnell] “Oh please. We’re not going too easy on [convicted inside trader] Raj Rajaratnam.” [John Carney]...
View ArticleJP Morgan’s $920 million fine
Matt Levine concludes that a large share of it was for making dumb trades, as opposed to intentional malfeasance. (Earlier on whether regulators had taken a bead on Morgan because of chief Jamie...
View ArticleBanking and finance roundup
“Dodd-Frank and The Regulatory Burden on Smaller Banks” [Todd Zywicki] Side-stepping Morrison: way found for foreign-cubed claims to get into federal court? [D&O Diary] “Alice in Wonderland Has...
View Article