Most businesses follow an explicit or implicit code of conduct that guides their operations, their relations with the public, and their treatment of customers, employees, and other stakeholders. ...
https://clsbluesky.law.columbia.edu/2024/04/19/does-being-ethical-pay-for-companies/
One of the hallmarks of PCCE is that it brings together academics, regulators, and industry professionals, and allows us to have candid conversations about corporate misconduct and the ways in wh...
In recent years, there has been a significant increase in common ownership, where large institutional investors hold substantial shares in several companies within the same sector. Theoretically,...
https://clsbluesky.law.columbia.edu/2024/04/18/why-common-ownership-can-increase-competition/
On April 12, 2024, the Supreme Court unanimously reversed and vacated the Second Circuit’s decision in Macquarie Infrastructure Corporation v. Moab Partners, L.P. Justice Sonia Sotomayor deli...
For most of its history, the private equity industry was largely left alone by securities regulators. A basic assumption underlying this approach was that private equity fund investors are sophis...
https://clsbluesky.law.columbia.edu/2024/04/17/private-equity-negotiations/
On March 6, 2024, the U.S. Securities and Exchange Commission approved in a 3-2 vote final rules that require most reporting companies to provide certain climate-related information in their regi...
The Supreme Court is about to eviscerate the SEC’s power to efficiently pursue fraudsters. Or so we are told. In SEC v. Jarkesy, the Court may hold that whenever the SEC seeks to impose mon...
https://clsbluesky.law.columbia.edu/2024/04/16/how-the-sec-can-evade-jarkesys-impact/
Two federal district courts recently upheld decisions by the Federal Reserve Bank of Kansas City (FRBKC) and the Federal Reserve Bank of San Francisco (FRBSF) to deny master account applications ...
A fascinating legal soap opera is now underway following a trial just completed in California. The issues are new, novel, and important in one sense, but old, familiar, and important in another. ...
On Friday, April 5, 2024, a jury in the Northern District of California found that the SEC had established that Defendant Matthew Panuwat, a former senior director of business development at biop...