The series on why Bill C-18, the Online News Act, is a bad solution in search of a real problem has thus far focused on three issues: the risk to the free flow of information stemming from mandatory compensation for linking, how the bill encourages clickbait and other low quality news given the absence of
Law School Blogs
Remedies for M&A Breach of Contract – The Cineplex Case
A remorseful acquirer wants to get out of a merger or acquisition agreement. It concocts a thin justification, which a court wisely rejects, finding unlawful breach. What is the appropriate remedy for harm done to the target?
While attention has focused on the controversy surrounding Elon Musk’s proposed acquisition of Twitter, this question arose in…
How Algorithmic Trading Affects What Directors Learn from Stock Prices
By Jaewoo Kim, Jun Oh, Hojun Seo & Luo Zuo
Algorithmic trading (AT) is one of the most notable financial innovations in several decades and constitutes a substantial portion of recent trading in stock markets. However, evidence on the economic consequences of AT is mixed. On one hand, prior research finds that AT expedites the incorporation of public information into stock prices, especially around earnings…
SEC Chair Gensler Speaks to Investor Advisory Committee
By Gary Gensler
Thank you. It is great to speak to the Investor Advisory Committee (IAC). As is customary, I’d like to note that my views are my own and that I am not speaking on behalf of the Securities and Exchange Commission or SEC staff.
Today, the Committee will cover a wide range of investor issues through…
Why the Online News Act is a Bad Solution to a Real Problem, Part Two: Encouraging Clickbait and Low Quality Journalism With No “News Content” Standards
The first post in this series on Bill C-18, the Online News Act, focused on the problematic approach to what constitutes “making news content available”, as it encompasses everything from indexing to linking to news stories without reproducing the actual text. The approach raises serious risks to the free flow of information online and…
How Accounting Comparability Between Bidders and Targets Affects Deal Outcomes
How comparable are the financial statements of M&A bidders and acquirers in the same industry? And does financial statement comparability affect the outcome of a deal? In a recent paper, available here, we investigate these questions, using a sample of deals between U.S.-listed firms over the 1987-2021 period.
An accounting system maps economic transactions…
ISS Discusses Evolving Clawback Policies
By Jun Frank & Paul Hodgson
The Securities and Exchange Commission is poised to revise its rules on so-called clawbacks: the process of recovering incentive compensation from current and former executives when a company is forced to make a material restatement of its accounts. With a target of releasing its revisions in October, the SEC has twice reopened public comment periods…
Deputy AG Lisa Monaco Speaks on DOJ’s New Approaches to Corporate Crime
By Lisa Monaco
Good afternoon. Thank you, Dean McKenzie, for the introduction and for hosting us today. I’m happy to be back at NYU, and to see so many friends and former colleagues in the room.
Let me start by acknowledging some of my DOJ colleagues who are here. That includes the U.S. Attorneys for the Southern and…
Finance Without Law: The Case of China
By Shitong Qiao
In a new article. I investigate how two financial markets of trillions of dollars each have developed extralegally in the past two decades, creating risks of regulatory enforcement actions and contract defaults. More specifically, I examine (1) how Chinese internet companies from Sina to Alibaba have adopted the structure of a variable interest entity (“VIE”)…
McGeorge School of Law’s vast alumni network in Reno, Nevada attracted me to the school
Reno-native Dakota Councilman, ’23, was drawn to McGeorge School of Law because of the school’s vast network of alumni in Reno, Nevada. Councilman is the Student Bar Association’s Alumni Committee Chair. After law school, he hopes to pursue a career that combines his interests in Business Law and Real Estate Law.
Learn more about …