Nov. 21: Comparative Corporate Governance Distinguished Lecture Series
Comparative Corporate Governance Distinguished Lecture Series Date(s): 11.21.11 | Monday Time: 5:00 p.m. – 6:30 p.m. Location: Room 430 B/C Sponsor: Fordham Corporate Law Center and Fordham Law Office of International and Non-J.D. Programs Speaker: Marco Ventoruzzo Affiliation: Pennsylvania State University Dickinson School of Law and Bocconi University (Milan, Italy) Marco Ventoruzzo, Professor, Pennsylvania State [...]
New Hope for Greece Amidst Rising Uncertainty
Though stocks have taken a recent upswing, seeming to bring with it anticipation for a brighter, more stable future, the battle with the ever-oscillating financial status of the euro zone is far from being settled. With a new interim government in place, and new ideas and policies to be voted upon and implemented, hope runs [...]
Did Dodd-Frank Go Far Enough? U.S. Bank Exposure to E.U. Debt Crisis & Another Wall Street “Bailout”
Is Dodd-Frank destined to fail in preventing the next financial crisis? Is the Street headed for another financial meltdown? A quick look at the European debt crisis unfortunately answers the question, and investors are already reacting. Just last week in the U.S., stocks declined, the Dow Jones Industrial Average tumbled 134.86 points, or 1.1%, to [...]
A Defense of Excessive Pay? The Effects of In re Goldman Sachs Group, Inc. Shareholder Litigation
With the financial sector meltdown in 2008, the resulting recession, and the recent “Occupy” movements springing up across the country, many have begun to closely scrutinize the practices and procedures of the financial organizations involved in the financial fiasco. Reports of near 10% unemployment contrasted with those of financial institutions paying hefty salaries and accruing [...]
Too Good To Be True: Delaware Court of Chancery Awards Derivative Plaintiffs $1.26 billion in Damages for Breach of Duty of Loyalty
In re Southern Peru Shareholder Derivative Litigation, the Delaware Court of Chancery found that Southern Peru Copper Corporation’s (“Southern Peru”) acquisition of Minera Mexico, S.A. de C.V., (“Minera”), from its controlling shareholder, Grupo Mexico, S.A.B. de C.V. (“Grupo Mexico”), was a “manifestly unfair transaction” and a breach of the duty of loyalty. The Opinion, written [...]
POSTED IN Corporate Governance, Corporate Law
New York – The Next Silicon Valley?
In my previous post, I wrote that statistics show that New York currently is the second largest market in the US for venture-capital financing transactions. Proverbial front-runner, California, continues to lead the nation, but New York has now surpassed Massachusetts, long the number two state, as the destination-of-choice for venture capital investment dollars. This is [...]
POSTED IN Capital Markets, Emerging Growth Companies
Is FINRA Fatal? The Impact Of Extending SROs To Investment Advisers.
The Financial Industry Regulatory Authority (FINRA) is the largest independent regulator for securities firms doing business in the United States. As a Self-Regulatory Organization (SRO), FINRA is tasked with market regulation through contract with major U.S. stock markets, including the New York Stock Exchange, NYSE Arca, NYSE Amex, the NASDAQ Stock Market and the International [...]
MF Global As First Major Casualty of European Debt Crisis
After the Greek bailout plan stalled amid talk of a referendum vote, the global financial market reacted with horror. The disastrous turn of events seemed like it could force Greece into bankruptcy and catapult it out of the Eurozone. But, while plans for the referendum were scratched and a glimmer of hope remains that Greece [...]
POSTED IN Bankruptcy, Securities Regulation
MF Global Notes
The tragedy that is MF Global seems to get worse by the minute. Just last week, the failed commodities broker fired 1,066 workers, sparking three class-action lawsuits under the Warn Act, a federal law requiring 60-days’ notice before mass layoffs. If plaintiffs prevail, the bankrupt company could be liable for wages employees would have earned [...]
POSTED IN Bankruptcy, Securities Regulation
Holding the Key Doesn’t Lock in Success – Your Job or Your Principal
Investors lent MF Global Holdings Ltd. $650 million over three months ago in a wager Jon Corzine, recently appointed CEO, would make the futures brokerage house into Goldman Sachs Jr. MF Global filed for bankruptcy before making its first interest payment on the debt. The futures broker sold $325 million worth of five-year, 6.75 percent [...]
POSTED IN Bankruptcy, Corporate Governance
Featured Video
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Eugene P. and Delia S. Murphy Conference on Corporate Law
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Representation Without Accountability?
- Business Law Practitioners Series – Fall 2011
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The Philosophy and Practice of Disclosure
- BLPS – Rory Cutaia ’85
- The Looming Problems of The Bureau of Consumer Financial Protection
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Financial Reform Legislation: There Ought To Be A Law, But Is This It?
Highlights From Volume 18 Book I
THE BEHAVIORAL PARADOX: WHY INVESTOR IRRATIONALITY CALLS FOR LIGHTER AND SIMPLER FINANCIAL REGULATION
It is widely believed that behavioral economics justifies more intrusive regulation of financial markets, because people are not fully rational and need to be protected from their quirks. This Article challenges that belief. Firstly, insofar as people can be helped to make better choices, that goal can usually be achieved through light-touch regulations. Secondly, faulty [...]
DEMANDING SUBSTANCE OR FORM? THE SEC’S PLAIN ENGLISH HANDBOOK AS A BASIS FOR SECURITIES VIOLATIONS
In 1998, the United States Securities and Exchange Commission (“SEC” or “Commission”) released a style manual titled “The Plain English Handbook.” The culmination of a drive by its Chairman, Arthur Levitt, the Handbook drew upon the rules of grammar, best industry practice, and even the support of billionaire Warren Buffett in calling for a layman’s [...]
FULL OF HOT AIR? EVALUATING THE AIRGAS COURT’S RESERVATIONS ABOUT SHAREHOLDERS’ SHORT-TERM AND LONGTERM INTERESTS IN TAKEOVERS
This Note explores the incentives and preferences of shareholders in takeovers. This analysis is conducted in the context of the Delaware Chancery Court’s February 2011 decision in Air Products & Chemicals v. Airgas. In that case, the court’s decision largely turned on whether certain short-term and long-term shareholders have different preferences and incentives in takeovers. [...]
News & Events
- Can Woman Have It All? A Live Webcast with Anne-Marie Slaughter (4/24/2013)
- 13th Annual A.A. Sommer, Jr. Lecture on Corporate, Securities & Financial Law (4/18/2013)
- 13th Annual A.A. Sommer, Jr. Lecture on Corporate, Securities & Financial Law (4/18/2013)
- International In-House Counsel Breakfast Forum Series for Students (4/18/2013)
- Business Law Practitioners Series for students (4/16/2013)
- Fordham Corporate Center