Search Results for ‘"conflict minerals"’

Banking and finance roundup

  • Still money left in that piggy bank: Justice Department shakes $1.7 billion out of J.P. Morgan because its custody wing kept handling a primary Bernie Madoff account while a distant equity desk grew suspicious of him, in what “looks a bit like a tax on bigness and integration” [Matt Levine, Bloomberg; NPR].
  • Legacy of TARP one of cronyism and lawlessness [Mark Calabria, USA Today]
  • NYT assails a couple of academics as mouthpieces for Wall Street, Felix Salmon has a bit to say about that [Reuters, EconBrowser, Bainbridge, Pirrong] Daniel Fisher on a possible tie-in with Times reporter David Kocieniewski’s earlier piece flaying Goldman Sachs over aluminum warehousing [Forbes]
  • “Court Receptive to Overturning SEC’s Conflict Minerals Disclosure Rule” [Fed Soc Blog]
  • “Target Breach — Are Dodd-Frank ‘Swipe Fee’ Price Controls to Blame?” [John Berlau, CEI “Open Market”] “Volcker Rule Overshoots Wall Street to Hit Utah” [same]
  • “CFPB and Disparate Impact” [Hester Peirce, Point of Law]
  • “It might cost you $39K to crowdfund $100K under the SEC’s new rules” [Sherwood Neiss, VentureBeat via @jerrybrito]
  • Here’s a novel proposal for corporate governance: use the rules agreed upon by the original parties to the transaction [Hodak]

Banking and finance roundup

  • After bank trespass, Occupy Philadelphia benefits from jury nullification and a cordial judge [Kevin Funnell]
  • Cato commentaries on Cyprus crisis [Steve Hanke and more, Dan Mitchell, Richard Rahn podcast]
  • “NY Court Reinstates Foreclosure, Chides Judge For `Robosigning’ Sanctions” [Daniel Fisher] “Impeding Foreclosure Hurts Homeowners As Well As Lenders” [Funnell]
  • SEC charging Illinois with pension misrepresentation? Call it a stunt [Prof. Bainbridge]
  • “Plaintiff Lawyers Seek Their Cut On Virtually All Big Mergers, Study Shows” [Fisher] As mergers draw suits, D&O underwriting scrutiny escalates [Funnell] “Courts beginning to reject M&A strike suits” [Ted Frank]
  • Will Dodd-Frank conflict minerals rules actually help folks in places like Congo? [Marcia Narine, Regent U. L. Rev. via Bainbridge, earlier here]
  • “Securities Lawyers Gave To Detroit Mayor’s Slush Fund”; city served as plaintiff for Bernstein Litowitz [Fisher]

International law roundup

  • U.N. children’s-rights treaty oversight committee seeks ban on foundling baby boxes [Global Post, Telegraph, Vancouver Province]
  • BoJo has mojo: as sentiment burgeons in UK to quit European Union in whole or part, London Mayor Boris Johnson is listening [Reason]
  • History of Chevron Lago Agrio litigation to date [Seeking Alpha, earlier]
  • In Dubai talks, Western nations putting up stouter resistance to proposed International Telecommunications Union takeover of internet governance [Chicago Tribune, earlier here, etc.]
  • Obama backs global arms trade treaty, Second Amendment groups deeply suspicious [David Kopel, Zachary Snider/TheDC, earlier, Ryan Scoville/Prawfs with contrary view)]
  • 130-page resource guide to the Foreign Corrupt Practices Act [DoJ/SEC, earlier]
  • “The immensely complex and burdensome conflict minerals disclosure debacle” [Bainbridge, earlier here, etc.]

International law roundup

Dodd-Frank “conflicts minerals” provision devastates Congolese

David Aronson, New York Times:

The “Loi Obama” or Obama Law — as the Dodd-Frank Wall Street reform act of 2010 has become known in the [central African] region — includes an obscure provision that requires public companies to indicate what measures they are taking to ensure that minerals in their supply chain don’t benefit warlords in conflict-ravaged Congo. The provision came about in no small part because of the work of high-profile advocacy groups like the Enough Project and Global Witness, which have been working for an end to what they call “conflict minerals.”

Unfortunately, the Dodd-Frank law has had unintended and devastating consequences, as I saw firsthand on a trip to eastern Congo this summer. …

July 26 roundup

  • Murder victim’s family sues Schwarzenegger for commuting sentence [KTXL]
  • Easter egg in Dodd-Frank: Lawmaker’s pet “conflict minerals” proposal, to be enforced by SEC [Protess] More on costs to automakers and others: WLF, Carter Wood, more. Further: Bader.
  • Push is on again for fashion design copyright protection [NYT, earlier] Another skeptical view of bill [Katy Tasker, Public Knowledge]
  • Charges dropped against woman who videotaped cops from her front yard [Rochester D&C]
  • “Mom Charged with ‘Child Endangerment’ When Tot Wanders Off” [Free-Range Kids]
  • Live off the land? Better not try that in rural L.A. County [Cavanaugh]
  • Does the U.S. maintain diplomatic relations with this strange realm of “Gould, Arkansas”? [Volokh, Underhill/Forbes]