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High Frequency Trading: Is regulation feasible?

Nivedita Sathiakumar High-frequency trading has caught the eyes of regulators and Congress. This is spurred mainly by the recent publication of “Flash Boys” by Michael Lewis. The main issues are that regulators and those individuals in Congress do not have the best understanding of how high-frequency trading affects the market and its participants. Proponents say […]

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The NLRB – Northwestern University Football Players Decision: What about the other guys?

by Tom Ahmadifar In the waging war of college athletes versus the National Collegiate Athletic Association (NCAA) and universities, the athletes won the first battle. In an unexpected turn, the director of the Chicago office of the National Labor Relations Board (NLRB) ruled on March 26, 2014 that college football players on scholarship at Northwestern […]

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The Going Price to Stay in Bed with Boeing? About $9 Billion

By Darshan Chulani, Senior Staff Writer Earlier today, Washington Governor Jay Inslee signed into law the largest tax break awarded by a state to a single company – Boeing.[1] The measure, totaling roughly $8.7 billion, had immense support in both the House and the Senate, passing by a margin of 75-11 and 42-2, respectively.[2] The bill […]

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Mascots at Risk of Becoming an Endangered Species

By Thomas Ahmadifar, Associate Managing Editor On September 11, 2013, the Missouri Supreme Court heard oral arguments in the case of Coomer v. Kansas City Royals Baseball Corporation.[1]  In what appears a simple tort claim for monetary damages, the Missouri Supreme Court could turn how Americans experience live sporting events on its head (and not like this) […]

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CFPB is on Safe(r) Footing after Filibuster Deal

By Thomas Ahmadifar, Associate Managing Editor In January of 2013, the United States Court of Appeals for the District of Columbia Circuit threw the legal world into a frenzy by narrowly interpreting the Recess Appointments Clause (RAC) of the United States Constitution.[1]  The Noel Canning v. N.L.R.B. decision placed the National Labor Relations Board (NLRB) […]

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United States v. Quality Stores, Inc.

By Davis Yoffe, Senior Staff Writer On October 1, 2013, as U.S. government shutdown, the Supreme Court not only stayed open, but granted certiorari for the new term.  One of the cases the Supreme Court will hear, styled on appeal as United States v. Quality Stores, Inc.[1], is of special interest to tax practitioners.  The issue […]

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Salem Financial: The Final Nail in the Coffin for STARS Shelters?

By Darshan Chulani, Senior Staff Writer In late September, the U.S. Court of Federal Claims handed down a decision that is widely believed to spell the end of STARS transactions in their current form. Structured Trust Advantaged Repackaged Securities, or STARS, have been in use since the late 90s as a means of generating foreign […]

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FINRA’s Shedding Light in the Dark of Off-Exchange Markets

By Thomas Ahmadifar, Associate Managing Editor On September 30, 2013, the Financial Industry Regulatory Authority (FINRA) filed a rule with the U.S. Securities and Exchange Commission (SEC) to better regulate Alternative Trading Systems (ATSs).[1]  ATSs, which come in many forms, provide traders with alternative mediums to trade stocks outside of the traditional stock exchanges like the […]

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Anna Nicole Smith’s Eternal Bankruptcy Legacy

This week, the New York Opera and the Brooklyn Academy of Music are featuring the U.S. premier of Anna Nicole, an Opera based on the “tumultuous life of Anna Nicole Smith – stripper, playmate, and formidable tabloid queen.”[1] However, Anna Nicole Smith was also a formidably litigious client. In fact, she made it to the […]

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Judicial Ethics and the Aluminum Company of America

In today’s Wall Street Journal, an article appeared discussing the decline of the raw aluminum smelting company Alcoa.[1] The name Alcoa harks back to the 1945 section 2 antitrust case, United States v. Aluminum Co. of America (Alcoa), which most famously stated that a single firm controlling 33% of the relevant market is not enough […]

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