The Supreme Court, Too Cold, Too Hot or Just Right?
All in the tongue of the beslurper… Anyway, last week ended with the usual wrap-up stories about the just-completed term for the U.S. Supreme Court. Dow Jones especially had a good review: “Supreme...
View ArticleReversing Stoneridge, Stimulus for Class-Action Securities Suits
As noted here and here, Senator Arlen Specter (D-PA) is sponsoring a $1.6 billion tax break for trial lawyers, allowing them early deductions for loans to finance contingency fee lawsuits. The Senator...
View ArticleSen. Specter Wants to Expand Reach of Securities Fraud Lawsuits
Sen. Arlen Specter (D-PA) chaired a Senate Judiciary Committee hearing last week on his bill, S. 1551, the Liability for Aiding and Abetting Securities Violation Act. Specter’s legislation would return...
View ArticleReturning to the Pre-Stoneridge Standard of Suing Everybody
The Wall Street Journal‘s editorial today, “Dodd’s Lawsuit Makeover“: We like to think of the 1995 Private Securities Litigation Reform Act as Senator Chris Dodd’s finest hour. Joining with House...
View ArticleNAM Key Votes Againt Specter ‘Stoneridge’ Amendment
The National Association of Manufacturers just sent a “Key Vote” letter to the Senate opposing the Specter amendment to S. 3217, the financial regulation bill. Gist of the letter: Manufacturers...
View ArticleFinancial Regulation or Drive Accountants to Ruin Act?
Sen. Mike Enzi (R-WY), the only accountant in the U.S. Senate, took to the Senate floor Thursday to explain why the amendment by Sen. Arlen Specter (D-PA) to expand liability in securities litigation...
View ArticleThe Many Injurious Provisions of the Financial Regulation Bill
While the National Association of Manufacturers has made the investment-discouraging derivatives provisions of the financial regulation bill its focus of attention, S. 3217, other sections of the bill...
View ArticleMoving Toward A Vote on the Financial Regulation Bill
Senate Majority Leader Harry Reid (D-NV) filed two cloture motions on Monday to bring to a close debate on S. 3217, the financial regulation bill, and the Dodd substitute bill, which will embrace all...
View ArticleThankfully, Not Included in the Senate Financial Regulation Bill
Wrapping up loose ends in our blogging on the Senate financial regulation bill, we should note that the Senate did not consider Sen. Arlen Specter’s amendment to overturn the U.S. Supreme Court’s...
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