November 16, 2009 at 6:11 pm
Trading on 3Com stock options soared just hours before a Hewlett-Packard takeover bid and now the Securities and Exchange Commission is looking to see if it was a case of insider trading. Law Professor Elizabeth Nowicki, a former SEC attorney, says the best way to catch SEC suspicion is to place trades for calls immediately before a major announcement.
“In these [...]
November 13, 2009 at 1:21 pm
Two computer programmers who worked for Bernie Madoff were arrested by the FBI for aiding in Madoff’s multi-billion dollar Ponzi fraud. Law Professor Tamar Frankel, an authority in securities law, says the burden of proof is heavy, but the two should be brought to court anyway.
“Aiding and abetting in a fraud requires the knowing and [...]
November 12, 2009 at 4:58 pm
The court acquittals of two ex-Bear Stearns hedge-fund managers on securities fraud charges is forcing prosecutors to re-examine other potential cases stemming from the Wall Street financial meltdown. Law Professor Tamar Frankel, an authority on securities law and author of “Trust and Honesty: America’s Business Culture at a Crossroad,” says the problem is larger than [...]
November 9, 2009 at 5:29 pm
Bloomberg News reports on the history of Pfizer, the world’s largest drug company, illegally promoting drugs for uses not approved by the FDA – even after being heavily fined for doing so. Law Professor Kevin Outterson, an expert on drug marketing and director of the BU School of Law’s Health Law Program, says big pharma can [...]
November 5, 2009 at 6:28 pm
Feds in New York now have charged 14 money managers, attorneys, and other investors with insider trading in a case stemming from the Galleon Group hedge fund which is roiling the hedge-fund world. Law Professor Elizabeth Nowicki, a former SEC attorney and Wall Street lawyer, says it’s disappointing to see so many people who were trusted by investors allegedly betray [...]
November 4, 2009 at 12:17 pm
With a 53 pecent majority, Maine voters rejected that state’s new gay-marriage law, meaning same-sex marriage has lost in all 31 states in which it has been put to a popular vote. Law Professor Robert Volk, an authority on the law and sexual minorities and advisor to the Law School’s LGBT student group, called the vote [...]
November 2, 2009 at 6:16 pm
The focus on the Obama’s marriage stemming from the New York Times Sunday Magazine cover story is sparking discussion of the role of government in promoting marriage. Law Professor Linda McClain, blogging in Concurring Opinions, says it was the passing of Michelle Triola Marvin, famous for her 1970’s “palimony” suit against actor Lee Marvin, that [...]
October 29, 2009 at 4:22 pm
Congress is moving to give the Federal Trade Commission new powers to oversee and punish violators of FTC regulations aimed at protecting consumers. School of Management Professor Michael Salinger, a former FTC director, says the authority to impose civil penalties will help, but cautions that the ban on “unfair trade practices” in the FTC Act is [...]
October 20, 2009 at 5:25 pm
Boston-based State Street Corporation has been sued by the California attorney general for “unconscionable fraud” against that state’s largest public-worker pension funds. Law Professor Tamar Frankel, an authority on securities law and author of “Trust and Honesty: America’s Business Culture at a Crossroad,” says the big questions are how will State Street act in the [...]
October 16, 2009 at 2:40 pm
A Louisiana justice of the peace is raising legal eyebrows for denying an interracial couple a marriage license because he doesn’t think it would be good for any child the couple might have. Law Professor Linda McClain, a family law authority, says the J.P. is flat-out wrong legally, based on a long-ago U.S. Supreme Court [...]
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