9/3 Student Org Fair, 11:30-1:30 Law School Atrium
9/4 1L Happy Hour, 8-10pm Buffalo Billiards
9/26 Massey Prize for Research in Law, Innovation, and Capital Markets Symposium, 8:45 a.m. – 5:30 p.m. UT Law School. Symposium is free to students but requires registration.
BLUE SKY LAW – A blue sky law is a state law that regulates the offering and sale of securities to protect the public from fraud. Unless an exemption from registration exists, registration of all securities offerings and sales, as well as of stockbrokers and brokerage firms, are required. Each state’s blue sky law is administered by its appropriate regulatory agency, and must also provide private causes of action for private investors who have been injured by securities fraud.
5 THINGS TO KNOW THIS WEEK
1. LAW SCHOOLS ON SALE?
A strategy rarely employed in legal education—price-cutting—appears to be paying off for a handful of law schools. Some universities have trimmed tuition amid a dearth of new students and first-year class sizes are up 22% to 53% compared with 2013. The gains are notable given the broader plunge in U.S. law-school enrollment since 2010 amid a grim legal job market. But whether price cuts deliver a lasting advantage remains to be seen.
2. BE AWARE OF COMPANIES BEARING GIFTS
When public companies give cash to candidates for office, lobbies or political action committees, the money comes out of shareholders’ pockets. But companies aren’t required to disclose to investors exactly where all the money goes. In all, business contributors gave more than $2.7 billion to federal candidates, national parties and “super PAC” funding groups in the 2012 elections and another $1 billion in this year’s midterm elections, estimates OpenSecrets.org. The situation isn’t sitting well with financial professionals. In a survey of more than 1,500 financial analysts, to be released next week, 60% feel that companies should have to disclose their political spending.
Burger King Worldwide Inc. defended its $11 billion agreement to acquire Tim Hortons Inc. as the hamburger chain came under criticism for its effort, backed by billionaire investor Warren Buffett, to move the quintessential American brand to Canada.
Football stadiums will be packed this weekend for the kickoff of the college season. But many of the student sections are likely to have empty seats. Average student attendance at college football games is down 7.1% since 2009, according to an analysis by The Wall Street Journal of stadium turnstile records from about 50 public colleges with top-division football teams. The decline was 5.6% at colleges in the five richest conferences.
5. GOOGLE IS TESTING DELIVERY DRONES
Google’s latest endeavor: delivery drones. The tech giant said a 5-foot-wide single-wing prototype from its Project Wing carried supplies including candy bars, dog treats, cattle vaccines, water and radios to two farmers in Queensland, Australia, earlier this month.
Rival Amazon.com is also testing delivery drones, and Domino’s tested delivering pies via drone.