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 […]
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Tagged Boston University School of Law, BU LAW, BU Law School, CEO Jeff Skilling, Conrad Black, Elizabeth Nowicki, Enron, honest services law, intangible right of honest services, Jeffrey Skilling, Justice Sonia Sotomayor, SEC, Supreme Court, Wall Street
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 […]
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 […]
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Tagged Boston University, BU Law School, Congress, Cornelius Hurley, FDIC, Fed Board of Governors, federal deposit insurance, Federal Deposit Insurance Corp., financial reform bills, House of Represenatives, law school, Morin Center for Banking and Financial Law, Senate
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 […]
June 15, 2010 at 11:16 am
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 […]
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Tagged Boston University, BP, BP CEO, BP oil spill, BU Law School, Business and Politics, CEO, Congress, Deepwater Horizon oil spill, Elizabeth Nowicki, Graham Wilson, Political Science, President Obama, SEC, Tony Hayward, Wall Street
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 […]
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Tagged Attorney General, BU Law School, CEO, Dell, Elizabeth Nowicki, Intel, Michael Dell, New York, New York's attorney general, SEC, Securities and Exchange Commission, Wall Street
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 […]
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 […]
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Tagged Boston University, BU Law School, flotilla, freedom of the high seas, Gaza, humanitarian aid, Israel, law school, Palestinian, Robert Sloane, UN, United Nations Security Council
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 […]
