1/20/15

UPCOMING EVENTS

IM Basketball Play begins Monday, February 2, 2015 in Gregory Gym. To sign up fill out this form by FRIDAY 1/23. We will play on Sundays @ 6PM or Tuesdays @ 9PM depending on when most people are available.

Bloomberg Law Write on Competition – Sign up by February 25 to submit an original article (from 1,000 up to 1,600 words) that analyzes legal trends and developments. Up to 5 law students will be selected to receive $5,000 and their articles published in one of the following BNA Law Reports: 

  • Corporate Law & Accounting Report
  • Employment Discrimination Report
  • Health Law Reporter
  • Patent, Trademark & Copyright Journal
  • U.S. Law Week

For more information and to sign up go to http://about.bna.com/Write-On-Bloomberg-Law-Contest

TERM OF THE WEEK

OPERATING AGREEMENTAn agreement among limited liability company (“LLC”) members governing the LLC’s business, and Member’s financial and managerial rights and duties.  This includes capital accounts, membership interest, distributions of profit and allocated tax responsibility, etc.

5 THINGS TO KNOW THIS WEEK

1. WILL FED RULE REQUIRE CHANGES TO MEET CAPITAL REQUIREMENTS?

The Federal Reserve has been working on a new proposal that will require eight of the largest U.S. banks, including Morgan Stanley, to meet a higher capital requirement. The rule was designed to pressure banks to shrink, or fund themselves with significantly more equity. Investors will be looking out for actions Morgan Stanley could have to take to comply.

2. UBS to Pay $14.5 Million in S.E.C. Settlement Over Dark Pool

UBS has agreed to pay $14.5 million to settle accusations by the Securities and Exchange Commission that a subsidiary violated federal securities laws in its operation of a private stock trading system known as a dark pool.

 3. Carlyle Reports Declines in Energy Investments

With the collapse in oil prices weighing on the energy sector, the Carlyle Group suffered declines in its energy investments in the fourth quarter of 2014.

Carlyle, the big private equity firm in Washington, said on Friday that a group of its energy funds fell 17 percent in the quarter as publicly traded investments in that portfolio declined.

 4. S.E.C. Reversal May Clear Way for Shareholders to Challenge Companies

With the reversal of a ruling that kept corporate governance questions from being put to a company’s investors, the Securities and Exchange Commission has potentially cleared the way for such challenges to spread at annual shareholder meetings.

5. China economic growth is slowest in 24 years

China’s economic growth slipped to its weakest level in a quarter century in 2014, though growth in the final quarter came in higher than expected, amid nagging problems of overcapacity, a weak housing market and lower global demand.

China’s gross domestic product grew 7.4% last year, within range of the government’s target of about 7.5%, the National Bureau of Statistics said on Tuesday. The expansion for the final quarter of the year was 7.3%, matching the third quarter level and beating market expectations of 7.2%.

Posted in Weekly Updates.