Finance Law

JPMorgan Chase’s $2 billion loss from betting on corporate bonds will embolden advocates of the Volcker Rule, a provision of the 2010 Dodd-Frank law that will prohibit banks from trading on their own account. Unfortunately for federal regulators, trading in securities is essential to modern banking, and busting up the big Wall Street financial houses [...]

BY JENNIFER LEVITZ A 1997 Fordham Law Review article described Democratic Senate hopeful Elizabeth Warren as Harvard Law School’s “first woman of color,” saying in footnotes that the information was based on a 1996 telephone interview with a Harvard spokesman. The spokesman cited, Michael Chmura, also described Ms. Warren in a 1996 Harvard Crimson article [...]

In a sweeping challenge of teacher employment rules, eight students have filed suit claiming that California law violates their right to a quality education by protecting bad teachers from being laid off or fired. The lawsuit, filed Monday in Los Angeles County Superior Court, seeks to overturn five laws governing teacher tenure, dismissal procedures and [...]

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NEW YORK, May 15, 2012 (BUSINESS WIRE) – Medallion Financial Corp. /quotes/zigman/60066/quotes/nls/taxi TAXI -1.30% , a specialty finance company with a leading position servicing the taxicab industry and other niche markets (the “Company”), today announced that it has commenced an underwritten public offering of 3,500,000 shares of its common stock. The Company intends to grant [...]

Share with others: <!—-> The incoming dean of the University of Pittsburgh School of Law has earned his colleagues’ respect for scholarship in constitutional law, international human rights law and social justice issues. But William M. Carter Jr. also has earned their admiration for his accessibility and his willingness to keep an open mind toward [...]

LOS ANGELES, May 15, 2012 /PRNewswire/ – Yesterday afternoon, the nonprofit group Students Matter (www.studentsmatter.org) sponsored a groundbreaking lawsuit against the state of California and the California Department of Education to strike down outdated state laws that prevent the recruitment, support and retention of effective teachers.  The lawsuit focuses on improving overall teacher effectiveness because of [...]

INDIANAPOLIS–(BUSINESS WIRE)–Indiana Business Bancorp (OTCBB: IBBI), the holding company for Indiana Business Bank, announced results for the three months ended March 31, 2012. “We will continue work to further improve our net interest margin, generate non-interest income and manage problem assets to the best possible outcome.” The company recorded a profit of $221,617, or $.15 [...]

PALO ALTO, Calif., May 15, 2012 (BUSINESS WIRE) – Avidbank Corporate Finance, a Division of Avidbank, has provided AUXILIO, Inc. (AUXO.OB) a $2 million line of credit for working capital purposes to support its growth in the U.S. health care industry. AUXILIO, Inc., based in Mission Viejo, California, is the premier provider of managed print [...]

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