Susan Beck's Summary Judgment
In Halliburton v. Erica P. John Fund, the Supreme Court has an opportunity to upend a doctrine that makes securities fraud class actions feasible for small investors. Columnist Susan Beck suggests the court should leave well enough alone.
It's frustrating that Posner, who is a strong writer and stresses the importance of judges communicating in a way that's accessible to laymen, doesn't devote more of his book to real-life events, instead of theory.
Will the Supreme Court stop judges from getting too creative with the Securities Litigation Uniform Standards Act?
Sarbanes-Oxley gives the SEC the power to claw back bonuses and stock from a company's CEO and CFO if the company restates its financials as a result of wrongdoing. Why shouldn't it apply here?
We could use more judges like Richard Posner, who are willing to pull away the curtain and speak honestly about how our court system really works—and how it could work better.
SEC Chairwoman Mary Jo White chose Philip Falcone and his hedge fund, Harbinger Capital Partners, as the agency's first target in an effort to extract tougher settlements from defendants. What hasn't been publicly noted is that Harbinger is currently a client of White's former firm, Debevoise & Plimpton.