Tagged: BU Law School

SCOTUS on the “honest services” law

The Supreme Court restricted a favorite tool for pursuing corrupt politicians and self-dealing corporate chiefs, ruling that the law that makes it a crime to deprive the public or one’s employer of the “intangible right of honest services” can only be used where they could prove defendants accepted bribes or kickbacks.  It means, for instance, that […]

Nebraska town targets illegals

With about 57 percent of residents voting for it, the town of Fremont, Neb., has passed an ordinance aimed at cracking down on illegal immigration by banning hiring or renting property to illegals.  The town now faces a long legal fight similar to that embroiling the state of Arizona after it recently enacted a law […]

The FDIC’s deposit-insurance limit

Congressional negotiators working out difference between the House and Senate financial reform bills are hammering out compromises right and left.  One would permanently (and retroactively to January 2008) move from $100,000 to $250,000 the deposit insurance on individual bank accounts.  Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law and […]

FDA and outsourced drug making

The Food and Drug Administration reportedly will propose tougher regulations for pharmaceutical companies that outsource manufacturing of drugs, making them more responsible for the safety and purity of the products made by contractors.  Law Professor Kevin Outterson, an authority on food and drug law and director of the Healthy Law Program, says the changes likely […]

BP faces Congress

It’s all BP all the time in Washington this week.  After President Obama addresses the nation Wednesday on the BP oil spill situation, company executives on Thursday face a Congressional hearing on the matter.  Visiting law Professor Elizabeth Nowicki, both a former SEC and Wall Street attorney, says BP CEO Tony Hayward would be well-served to remember […]

Dell settling Intel claims

Dell is in settlement talks with the Securities and Exchange Commission to resolve allegations that its founder/CEO Michael Dell engaged in financial irregularities related to Dell’s dealings with chip-maker Intel — with no admission of guilt or bar of Dell from service as an officer or a public company.  Visiting law Professor Elizabeth Nowicki, a […]

J.P. Morgan hit with record U.K. fine

British regulators fined investment bank J.P. Morgan Chase a record $48 million for failing to keep client money separate from the firm’s money — from 2002 when Morgan merged with Chase until mid-2009 — which put client money at risk had the company gone insolvent.  Law Professor Tamar Frankel, an authority on securities law and […]

Israeli flotilla raid condemned

After the UN Security Council condemned Israel’s open-seas raid on a flotilla headed with humanitarian aid to Gaza, Israel says the 600-plus activists it arrested are being freed and expelled from the country.  Law Professor Robert Sloane, an authority on international law, says Israel violated a very basic customary norm of international law: the freedom of […]

Kagan nominated to SCOTUS

U.S. Solicitor General Elena Kagan, a former Harvard Law School dean, was nominated by President Obama to be the 112th justice of the Supreme Court.  BU Law Professor Jack Beermann, an authority on the high court who knows the nominee well, says he see it as a strong plus that Kagan is not a sitting […]