Lately it's been reported that mega-mergers are coming back in a variety of industries. We have waited quite awhile for this to happen. We hope that will also begin to trickle down to the middle and lower middle market of deals. There are pluses and minuses...
Yesterday US prosecutors filed charges against five Eastern European men. They are accused of hacking into computers at Nasdaq and a bunch of major Wall Street companies. It appears the government believes they stole over 160 million credit card numbers. They are calling it the...
For a reported (according to www.abovethelaw.com) $5 million a year, former head of SEC's enforcement division Robert Khuzami has joined the giant law firm Kirkland & Ellis. One assumes he will now use his expertise and knowledge as to SEC enforcement practices and policies to...
University of St. Thomas Law School graduate Thomas McGregor found himself with $108,000 in law school tuition loans. The only job he could find was with his family's roofing business making $15 an hour. So how did he pay off his loans in just two...
According to the ABA Journal, a well-known estate lawyer who has seen the will of famed actor James Gandolfini has concluded that the $70 million estate will likely pay over $30 million in estate taxes to the government. The lawyer called the will a "nightmare from...
Last week the SEC announced a formal task force charged with reducing fraud in the microcap stock space. According to their release the task force will "investigate fraud in the issuance, marketing, and trading of microcap securities." They are especially focusing on companies that do...
Tara Costa, an alum of NBC's "The Biggest Loser," lost 155 pounds on the show. Now she has a little problem. She agreed to endorse and promote a fitness company. The company has now sued her. According to www.businessinsider.com, the company claims that Costa "had...
A filmmaker, balking at paying a royalty in a planned documentary on the famous "Happy Birthday" song, decided to sue Warner/Chappell Music, who says they own it. The filmmaker plans to make the suit a class action and demand return of millions of dollars in...
My fellow Wharton School graduate Donald J. Trump, Jr. has won a big victory in a case brought against him by a contestant in the Miss USA contest in 2012. (Some of you know I was the Chair of Wharton's worldwide alumni association for years)....
This has been quite the last century or so for women. The right to vote in 1920. "Rosie the Riveters" hit the factories with all the men at war during the 1940s. The women's liberation movement starting in the 1960s but really picking up steam...