1/27/15

UPCOMING EVENTS

Wednesday 1/28 Northwestern Tax Program 4pm TNH 3.127 Learn more about the LL.M. in Taxation & J.D./LL.M. in Taxation Joint Degree Programs. Northwestern’s Tax Program offers you an opportunity to develop an expertise in all aspects of taxation through the LL.M. in Taxation and J.D./LL.M. in Taxation Joint Degree programs. Philip Postlewaite, Director of the Tax Program, will describe the curriculum and degree requirements and answer any questions that you might have. This presentation is open to first, second, and third year students. Pizza and drinks will be provided

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

CONTINGENCY – A clause in an agreement, contract, escrow, etc. that only makes it binding upon the occurrence of a stated event.  For example, the sale of the business is contingent upon the buyer obtaining financing.

5 THINGS TO KNOW THIS WEEK

1. In DuPont Fight, Activist Investor Picks a Strong Target

Nelson Peltz’s hedge fund is calling for a breakup of DuPont in a battle that could spur a bigger debate about shareholder activism, Steven Davidoff Solomon writes in the Deal Professor.

2. S.E.C. Faces Challenges Over the Constitutionality of Some of Its Court Proceedings

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. NEW-HOME SALES HIT HIGHEST LEVEL IN MORE THAN SIX YEARS

New-home sales rose to their highest level in more than six years in December, finishing the year on a strong note and suggesting renewed momentum for the sector. Sales of newly built, single-family homes increased 11.6% from a month earlier, the Commerce Department said, the best showing since June 2008. December was warmer than usual across the continental U.S., possibly contributing to the uptick. But mortgage rates have been heading lower, employers are adding jobs at the fastest clip since before the recession and consumers appear confident, factors which may continue to support the sector.

 4. WHAT WENT WRONG WITH THE BLIZZARD FORECASTING?

A powerful winter storm continued to lash the Northeast on Tuesday, dumping expected record snowfalls on some parts of the region. But the storm fell short of dire predictions of a widespread onslaught and crippling power failures. Forecasters downgraded projections that said the storm would bring one-to-three feet of snow across a large swath of the Northeast. National Weather Services experts misjudged the path and impact of the blizzard, in large part because they trusted the wrong forecasting model, several independent meteorologists said. Federal experts placed their faith on a well-regarded European computer model that predicted the worst of the storm would squarely hit New York City. The European model, which had served better at predicting Superstorm Sandy, was wrong this time, several commercial forecasters said.

5. 5 Things to Watch on the Economic Calendar

The first Federal Reserve policy meeting of 2015 headlines a busy roster of economic events, including the first look at fourth-quarter growth. Here are five things to watch.

Posted in Weekly Updates.