Uber Strategy of “Monopolization Through Sidestepping Labor Law” May Be Coming to an End
A California judge is threatening Uber’s fiendish “Let’s arbitrage state and federal law and replace a monopoly with a different monopoly” plan:
Read more...Category Archives: Legal
How Medical “Misbranding” Puts Patients at Risk
How the anodyne term “misbranding” covers conduct which can, and too often does, lead to higher patient death rates.
Read more...Judges Nixing Keystone XL South Cases Had Tar Sands-Related Oil Investments
Lambert here: As ever, the scandal is what’s legal. Ka-ching. By Steve Horn, a Madison, WI-based Research Fellow for DeSmogBlog and a freelance investigative journalist. He previously was a reporter and researcher at the Center for Media and Democracy. Originally published at DeSmogBlog. On August 4, the U.S. Appeals Court for the 10th Circuit shot […]
Read more...Don Quijones: Spain Hit by Trade Suits, a Bitter Foretaste of TTIP
Spain has been hit by 19 trade suits over renewable energy subsidies alone. More would come if the TTIP become law.
Read more...Grexit Stumbling Block: International Courts Likely to Rule Against Forced Contract Redenomination
If Greece decides to exit the euro and abrogate contracts, it is not likely to fare well in the tidal wave of lawsuits and arbitration cases that would ensue.
Read more...Days of Revolt: The Black Prophetic Tradition
Cornel West: “How do you straighten your back up? How do you tell the truth? How do you bear witness? How do you organize? How do you mobilize? How do you generate forms of resistance and resiliency in the face of some very, very ugly forms of terror and trauma and stigma?”
Read more...New York Department of Financial Services Slams Bank Fixer Promontory Group, Hitting it in Its Profits and Reputation
A decision by the New York State Department of Financial Services appears to be finally crimping the wings of this powerfully placed bank fixer. Promontory is being denied access to information that effectively locks it out of a large swathe of consulting work that is important to its business.
Read more...Libor Trader Sentenced to 14 Years for Market Manipulation. So What About His Bosses?
While it’s gratifying to see former UBS trader Tom Hayes go to jail for large-scale Libor bid rigging, his bosses had to have known what he was up to. So when will we see their indictments?
Read more...Another Private Equity Scam – Tax Receivable Agreements
As one tax expert put it, “Private equity is a tax gimmick with an acquisition attached.” We’re going to discuss a very big tax gimmick that virtually no private equity investors seem to be aware of. The failure of private equity general partners to publicize a tax scheme that on paper should benefit their limited […]
Read more...Dealing With Mass Killings in America: Funding Our Children, Not Our Wars
As mass killings become more common in the US, law enforcement agents fixate on and unduly publicize cases with jihadist links. As this post describes, that serves as an excuse for even more intensive surveillance.
Yet as Mark Ames described in one of the first works on these rampages, in his book “Going Postal,” there were no obvious similarities among the perps. They weren’t all, or even often, isolated losers. They did not typically come from broken homes. They were generally of above average intelligence. Aside from being disproportionately male, the other common thread was that they had been bullied.
If Ames’ observations still hold true, the lack of distinctive demographic or behavioral predictors of those who go on rampages means that heightened surveillance is at best another form of security theater, and at worst an excuse for Stasi-like dossier-gethering.
Read more...Ugly Greek Bank Resolutions and Depositor Bail-Ins Coming Soon
Why the coming bank bail-ins in Greece are going to be far more costly in economic terms than most observers imagine.
Read more...New York Times DealBook Underplays Misconduct By Regulatory Fixer Promontory, Under Investigation by New York Department of Financial Services
Promontory Group, which plays a major role in helping financial firms tilt the regulatory playing field in their favor, is about to get a long-overdue comeuppance.
Read more...Greek Parliament Passes Bailout Legislation
The margin of victory, if you can call it that, was 229 out of 300.
Read more...How Pension Funds, Universities and Endowments Pay for Private Equity Private Jets
One of the class markers of the private equity industry is that its members routinely fly on private jets. That’s because the larger and even some of the smaller firms charge their private jet travel to private equity portfolio companies.
Read more...Bill Black: LIBOR – History’s Largest Financial Crime that the WSJ and NYT Would Like You to Forget
Reporting on the Libor criminal trial in the UK ranges from lame to non-existent.
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