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...business TV channels. Executives can state that they believe their company has the best employees or the best strategy, even if that turns out to be wrong. But when CEOs make statements that are deemed to mislead shareholders about the state of their business, that's a securities-law violation and can be considered a criminal offense. If it is determined that Lewis made statements himself or was responsible for directing the bank to make statements that misled shareholders, he could be facing fines or worse. (See 10 ways your job will change...
...doesn't have to be something that moves the market to amount to proxy fraud," says Richard Painter, a law professor at the University of Minnesota. "Just has to be something that a reasonable investor finds important...
...Harvard Law School’s biggest donor, who died last week in an apparent suicide, may have owed up to $100 million in back taxes and fines, the New York Times reported this week. Finn M.W. Caspersen, who gave over $30 million to the Law School and tens of millions more to other philanthropic enterprises, may have been implicated in a sweeping federal investigation of offshore bank accounts, said the Times’ anonymous source. In recent months, Swiss banking giant UBS agreed to turn over the names of thousands of its American clients to the Internal Revenue Service...
...recently released U.S. News & World Report ranking of U.S. law schools placed Yale ahead of Stanford and Harvard based on the percentage of 2007 graduates from each school who received employment as judicial clerks. Clerks are assigned to one judge or justice and are charged with reviewing briefs and conducting research for pending cases. The ranking system takes into account both the percentage of graduates employed as clerks in any court and the percentage of graduates employed as clerks in Article III courts, which include the U.S. Supreme Court, the 12 U.S. Courts of Appeals, and the 94 U.S. District...
...birthday), Souter, sporting a navy blue Lowell House tie, returned to his alma mater, providing a glimpse into his 19-year tenure on the Supreme Court during Harvard’s annual Constitution Day event.For the past five years, Harvard has observed this anniversary with lectures by preeminent Harvard Law School professors including Cass R. Sunstein ’75, who is now heading the White House Office of Information and Regulatory Affairs.Harvard, which received about $535 million from the federal government in the 2008 fiscal year, is required per a 2004 federal law for all schools receiving federal funding...