Baron de Montesquieu, explaining how best to avoid abuses by leaders, put it simply: “power must check power.” Although the principles of checks and balances have fostered stable governments for more than three hundred years,...more
A frightening reminder of the downside to the new push to encourage retail investors to dive into complex, illiquid investments....more
Although the FRC has now formally identified Autonomy as the target of an investigation related to pervasive accounting improprieties, it may be HP that has the most to lose, writes Michael Stocker, partner at Labaton...more
According to recent research by Cornerstone, 9 out of 10 mergers in 2010 and 2011 with a value of more than $100 million involved some form of dispute amongst the shareholders.
Originally published in Lawyer Monthly...more
A drastic new change to long-established rulemaking practices may signal that our increasingly partisan political process is now exerting a powerful influence on proposed rules relating to the financial markets. The...more