Academic

Tax in the First Year
From a survey on the TaxProf Discussion List: here are the law schools that offer income tax in the first year, as either a required or elective course: Arizona State (elective) Connecticut (elective) Iowa (elective) NYU (elective) Northwestern (elective) Rutgers-Newark...

GMAC bailout
Not a systemically important financial institution, but a systemically politically important one....

VERDICTS: "Jury says Conti doesn't have to pay damages to Medicare, Medicaid" from Courier Journal
Jury says Conti doesn't have to pay damages to Medicare, Medicaid A jury has rejected the U.S. Justice Department's claim that Louisville businessman Tony Conti and his wife, Victoria Conti, should pay up to $1...

Measuring total risk
Peter Conti-Brown has a new paper proposing the creation of what he calls a Fat Tail Risk Metric, or FTRM. The paper itself is flawed, and the details of how it's constructed would need to be reworked from scratch...

FSOC Issues ANPR in Effort to Determine Which Securities Clearance and Settlement Utilities Are Systemically Important
As envisioned by the Dodd-Frank Act, the Financial Stability Oversight Council has issued an advanced notice of proposed rulemaking (ANPR) as a precursor of adopting regulations governing a determination when a financial market utility is systemically important...

Financial Institution Recovery and Resolution Plans
Editor?s Note: This post comes to us from Barnabas Reynolds, a partner at Shearman & Sterling LLP and head of that firm's global Financial Institutions Advisory & Financial Regulatory Group, and is based on a Shearman & Sterling client publication...

Crest Pro-Health Rinse
Associated with Brown Stains on Teeth

Mr. Brown Instant Coffee
Possible Melamine Contamination Prompts Canadian Agency to Issue Warning

Marvell
Settles Shareholder Class Action for $72 Million

Comverse Shareholder Settlement Agreed at $225 Million
Comverse Shareholder Settlement Agreed at $225 Million

Joke Book
Judy Brown and publishers pay undisclosed settlement to comedians and talkshow celebrities for copyright infringement.

Brown Greer et al.
alleging that the six law firms handling the Vioxx settlement failed to provide money for reimbursements to lien rights of Employee Retirement Income Security Act (ERISA) health plans.