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Could Obama's Exec Salary Cap Cause More Problems Than It Solves?
President Barack Obama announced on Wednesday a $500,000 cap on senior executive pay for companies receiving substantial federal bailout money. Steven Friedman, chairman of the employee benefits practice group at San Francisco's Littler Mendelson, called the cap "unprecedented." He also said the move could discourage companies from seeking government bailouts while giving a recruiting advantage to competitors that do not receive federal funds. Friedman examines the implications of the cap.DOJ attempts to lead, but FTC declines to follow
In a recent report, the U.S. Department of Justice recognized a dilemma faced by the antitrust enforcement agencies and courts in applying � 2 of the Sherman Act is determining whether monopoly power has been acquired lawfully or unlawfully, and distinguishing competitively harmful conduct by a monopolist or aspiring monopolist that should be prohibited, from lawful, aggressive competition on the merits that should be encouraged. The standards set forth by the DOJ to promote clarity and transparency have stirred a vigorous debate about the extent to which the DOJ's pronouncements are a departure from existing � 2 jurisprudence. In this regard, the Federal Trade Commission, which shares authority with the DOJ for antitrust enforcement, refused to endorse the report.Daily Decision Alert: Vol. 5, No. 195 -- October 15, 1997
Private Equity Helps Fuel IP Wars
Like hungry wolves roving through the financial forest, private equity and hedge funds are always looking for fresh meat, or rather, new investment opportunities. Over the last few months, they've been feasting on patents, say attorneys working in the field. And already, the involvement of these investment vehicles in the IP sphere has fueled arguments in patent litigation.View more book results for the query "*"
Inmate Prevails in Texas' First Civil Commitment Trial
In a decision that surprised the state and the defense, the first inmate to face a jury under Texas' "sexually violent predator" civil commitment law got a "get out of treatment free card" on April 5. The controversial 1999 law allows the state to commit the worst sexual offenders to outpatient treatment after completing their prison sentences, but defendants may contest the commitments in a civil trial.Founder of Girls Gone Wild' videos says judge in his case has gone wild'
Stamp dispute lands at 11th Circuit
Atlanta�s federal appeals court last week heard arguments over a greeting-card maker�s claims that it has trademarked the perforated border around postage stamps�and that the U.S. Postal Service has violated the company�s rights.Distractions Aside, Cravath's M&A Engine Keeps Humming
Despite seeing a rising star leave and a former top rainmaker opt to join a rival Am Law 100 firm, Cravath, Swaine & Moore's storied M&A practice is on a hot streak of late, taking on key transactional roles for clients Archer Daniels Midland, Lagardere, Life Technologies, Lindsay Goldberg, and Lender Processing Services.Trending Stories
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