Volume 13-1

PRIVATE LOAN DOCUMENTS UNDER FEDERAL RESERVE EMERGENCY LENDING PROGRAMS ARE SUBJECT TO FULL PUBLIC DISCLOSURE BECAUSE THEY ARE NOT “PRIVILEGED OR CONFIDENTIAL” UNDER THE FREEDOM OF INFORMATION ACT’S EXEMPTION FOR TRADE SECRETS AND COMMERCIAL OR FINANCIAL INFORMATION: BLOOMBERG L.P. V. BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

PETER J. BISCONTINI The United States Court of Appeals for the Second Circuit affirmed decision of district court granting summary judgment in favor of news service on grounds that documents news service requested from Board of Governors of Federal Reserve System pertaining to loans made to private banks were not […]

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THE DODD-FRANK WALL STREET REFORM AND CONSUMER PROTECTION ACT: A MISSED OPPORTUNITY TO REIN IN TOO-BIG-TO-FAIL BANKS

BY CHRISTIAN EVANS The financial crisis of 2008 has been called the worst economic disaster since the Great Depression. In the 1930s, during the Great Depression, President Roosevelt looked to Congress to overhaul the financial sector. He wanted the regulatory loopholes that contributed to the crisis sealed off. In response, […]

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THE TIMELINESS OF FILING A PRIVATE SECURITIES FRAUD VIOLATION DEPENDS UPON THE ACTUAL OR CONSTRUCTIVE DISCOVERY OF SCIENTERRELATED FACTS: MERCK & CO. INC. V. REYNOLDS

BY KAREN KANE The Supreme Court of the United States affirmed a judgment of the Court of Appeals for the Third Circuit against Merck & Co. by holding that the complaint filed by the investors was not barred by the limitations period but was timely because the investors had not […]

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THE THIRD CIRCUIT DECLINES TO RECOGNIZE THE FRAUD CREATED THE MARKET THEORY AS A MEANS OF PRESUMING RELIANCE IN CLASS ACTION SECURITIES FRAUD CASES: MALACK V. BDO SEIDMAN, LLP

BY JESSE KRUEGER The United States Court of Appeals for the Third Circuit affirmed denial of class certification to note purchaser on basis that reasonable reliance could not be presumed based on the fraud created the market theory and that the fraud created the market theory does not apply… Continue […]

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