TBLS Weekly Update (09/20/15 – 09/26/15)

 

INFORMATION:

1L Happy Hour – TBLS would like to thank everyone that came to the 1L Happy Hour. The turnout was fantastic. We hope everyone had a great time… and a few free drinks.

1L Section Reps – TBLS would like to announce the following 1L Section Reps: Caylye Nordling, Genevieve Tarlton, Montana Ware, Tatyanna Senel, Lena Silva, and Rebecca Chang. Likewise, we would like to announce Henry Bett as our 1L Social Media Representative.

Dues – TBLS has altered its fee system this year to reward our returning members with lower fees. The fee schedule is as follows:

1Ls – $40
2Ls & 3Ls (New to TBLS) – $30
2Ls (Returning) – $20
3Ls (Returning) – $10

To pay dues: Please leave a clearly marked envelope with your name and email at the TBLS mailbox at the communications center in the atrium. Email txbusinesslaw@gmail.com when you drop off dues so that someone can collect them. As you will see below, several of our events and society shirts are only available for dues paying members.

Atrium Table: Alternatively, this week you can swing by the Atrium between 11:00-1:00 to pay Dues or pick up your T-shirt.

BASEBALL CAPS! – The TBLS caps are going, going… almost gone. Email txbusinesslaw@gmail.com and reserve a $15 cap today!

Outline Bank – To gain access fill out the Outline Bank form. The outline bank is also available only to dues paying members.

LawMeet Competition– Join the UT LawMeet team! It is a competition designed to let 2Ls and 3Ls know what it is like to do a deal from beginning to end, while also allowing students to develop and hone their skills in contract constructions, drafting, and negotiation.

To join: Attendance at all three Practicum meetings is required. This year we will have three Law Meet teams draft and negotiate a private equity deal from beginning to end. Each of these teams will consist of three UT Law students who will compete on Feb. 26 at SMU, UGA, or Northwestern. Those who do not qualify for the team will be entered into Texas Law’s first annual Intramural Transactional Moot Court Competition in February.

Practicum Details:
Sept. 24, 4 p.m. to 5:30 p.m., JON 5.257
Oct. 1, 4 p.m. to 5:30 p.m., JON 5.257
Oct. 8, 4 p.m. to 5:30 p.m., JON 5.257

Please RSVP at utlawmeet@gmail.com

UPCOMING EVENTS:

09/29 Associate Luncheon – TBLS is hosting its annual associate luncheon on September 9, 11:30 to 2:00. This is a fantastic opportunity to hear first hand about what it is like to practice transactional law from associates at Locke Lord, Akin Gump, Haynes & Boone, Kirkland & Ellis, Norton Rose Fulbright, Bracewell & Giuliani, Latham Watkins, and Gray Reed. Remember, attendance is for dues paying members only, and to attend you must RSVP through the CSO website. Business casual attire is required for attendance.

10/14 Partner Panel – From 3:00-5:00 in CCJ 2.306 (the Eidman Courtroom) partners from Locke Lord, Akin Gump, Bracewell & Giuliani, and Kirkland & Ellis will be coming to campus to speak with students and answer questions. Snacks and Refreshments will be provided. We will begin accepting RSVPs through the CSO website at the beginning of October. Attendees are only required to attend as long as their schedule permits. If you have a question that you would like to submit to the Partner Panel, please email txbusinesslaw@gmail.com

TERM OF THE WEEK:

Derivative– A derivative is a security with a price that is dependent upon or derived from one or more underlying assets. The derivative itself is a contract between two or more parties based upon the asset or assets. Its value is determined by fluctuations in the underlying asset. The most common underlying assets include stocks, bonds, commodities, currencies, interest rates and market indexes.

3 THINGS THAT WILL MAKE YOU SMARTER:

  1. For the Federal Reserve the question isn’t just whether it should raise interest rates, the question is whether they can in actuality.
  1. The University of Notre Dame’s Mendoza College of Business examined the effects of incentivizing CEOs with stock options. It turns out this is a recipe for unintended consequences.
  1. In Defense of Hufflepuff. Why the much-maligned house of the Harry Potter series doesn’t get nearly enough attention or praise.

Yours truly,

Texas Business Law Society

txbusinesslaw@gmail.com

TBLS Weekly Update (09/13/15 – 09/19/15)

TBLS INFO:

Dues– TBLS has altered its fee system this year to reward our returning members with lower fees. The fee schedule is as follows:
1Ls – $40
2Ls & 3Ls (New to TBLS) – $30
2Ls (Returning) – $20
3Ls (Returning) – $10

To pay dues: Please leave a clearly marked envelope with your name and email at the TBLS mailbox at the communications center in the atrium. Email txbusinesslaw@gmail.com when you drop off dues so that someone can collect them. As you will see below, several of our events and society shirts are only available for dues paying members.

BASEBALL CAPS! – The TBLS caps are going, going… almost gone. Email
txbusinesslaw@gmail.com and reserve a $15 cap today!

Outline Bank – To gain access fill out the Outline Bank form. The outline bank is also available only to dues paying members.

LawMeet Competition– Join the UT LawMeet team! It is a competition designed to let 2Ls and 3Ls know what it is like to do a deal from beginning to end, while also allowing students to develop and hone their skills in contract constructions, drafting, and negotiation.

To join: Attendance at all three Practicum meetings is required. This year we will have three Law Meet teams draft and negotiate a private equity deal from beginning to end. Each of these teams will consist of three UT Law students who will compete on Feb. 26 at SMU, UGA, or Northwestern. Those who do not qualify for the team will be entered into Texas Law’s first annual Intramural Transactional Moot Court Competition in February.

Practicum Details:
Sept. 24, 4 p.m. to 5:30 p.m., JON 5.254
Oct. 1, 4 p.m. to 5:30 p.m., JON 5.254
Oct. 8, 4 p.m. to 5:30 p.m., JON 5.254

Please RSVP at utlawmeet@gmail.com

UPCOMING EVENTS:

8pm TONIGHT! The Norton Rose Fulbright 1L Happy Hour – Come join us at Dogwood for the Third Annual TBLS 1L Happy Hour sponsored by Norton Rose Fulbright! All 1Ls and dues paying upperclassmen are welcome (we will accept dues at the event.) The drinks are on us, so come learn more about TBLS before we all head over to Bar Review.

09/29 Associate Luncheon – TBLS is hosting its annual associate luncheon on September 9, 11:30 to 2:00. This is a fantastic opportunity to hear first hand about what it is like to practice transactional law from associates at Locke Lord, Akin Gump, Haynes & Boone, Kirkland & Ellis, Norton Rose Fulbright, Bracewell & Giuliani, Latham Watkins, and Gray Reed. Remember, attendance is for dues paying members only, and to attend you must RSVP through the CSO website.

10/14 Partner Panel – Partners from top law firms will be coming to campus to speak with students and discuss their practice areas, and what they expect from associates.

TERM OF THE WEEK:

Institutional Investor– A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. Institutional investors face fewer protective regulations because it is assumed that they are more knowledgeable and better able to protect themselves.

3 THINGS THAT WILL MAKE YOU SMARTER:

1. The Fed & Interest Rates – questions that you were too embarrassed to ask!

2. Euro-zone and UK inflation were revealed. In the 19 countries that use the euro, prices showed a 0.1% year-on-year rise in August, a slow-down from the 0.2% annual rise in July and lower than expected. In the UK, the consumer-price index edged back down to zero in August from 0.1% in July, largely due to the plunging price of fuel.

3. The US doesn’t take $100-million checks. The government’s processing machinery can’t handle anything bigger than $99,999,999.99.
Yours truly,

Texas Business Law Society
txbusinesslaw@gmail.com

TBLS Weekly Update (09/06/15 – 09/12/15)

TBLS INFORMATION:

Dues– TBLS has altered its fee system this year to reward our returning members with lower fees. The fee schedule is as follows:

1Ls – $40
2Ls & 3Ls (New to TBLS) – $30
2Ls (Returning) – $20
3Ls (Returning) – $10

To pay dues: Please leave a clearly marked envelope with your name and email at the TBLS mailbox at the communications center in the atrium. Email txbusinesslaw@gmail.com when you drop off dues so that someone can collect them. As you will see below, several of our events and society shirts are only available for dues paying members.

BASEBALL CAPS! – We have ordered Baseball Caps and they will be handed out on a first come, first serve basis. They will be $18. If you would like to reserve a baseball cap or want more details on the caps please email txbusinesslaw@gmail.com. Again, there are only 75 caps so please email to reserve yours!

Outline Bank – To gain access fill out the Outline Bank form. The outline bank is also available only to dues paying members.

LawMeet Competition– Join the UT LawMeet team! It is a competition designed to give law students a hands-on experience in developing and honing transactional lawyering skills. If interested all applicants are required to attend the practicum lectures on 9/24, 10/1, and 10/8. This practicum will be the most important factor in the LawMeet application process. Good luck!

UPCOMING EVENTS:

09/14 & 09/15 Atrium Table – This upcoming Monday and Tuesday from 11:00 – 1:30 we will have a table in the Atrium for members to pick up T-Shirts, purchase baseball caps, and pay dues.

09/17 1L Happy Hour – Please plan on coming out Thursday, September 17 from 8-10 to our 1L Happy Hour! TBLS will be welcoming the new 1L class with this event prior to Bar Review. Of course we will have a bar tab and it should be a great time so we hope you all can make it. We will let you know the location as soon as possible.

09/29 Associate Luncheon – Come network and meet associates from top law firms at our Associate Luncheon. This is a fantastic opportunity to hear first hand about what it is like to practice transactional law.

10/14 Partner Panel – Partners from top law firms will be coming to campus to speak with students and discuss their practice areas, and what they expect from associates.

TERM OF THE WEEK:

Capital Markets – Markets for buying and selling equity and debt instruments. Capital markets channel savings and investment between suppliers of capital such as retail investors and institutional investors, and users of capital like businesses, government and individuals.

3 THINGS THAT WILL MAKE YOU SMARTER:

1. Tesla Motors has never made an annual profit, but investors insist that is missing the point.

2. The Economist reports on the high cost of financial services for the poor.

3. An anonymous photographer is mocking modern notions of authenticity—with a Barbie doll. This satirical Instagram account highlights how fake hashtagged lives can be.

TBLS Weekly Update (08/30/15 – 09/05/15)

TBLS INFO:

Dues– TBLS has altered its fee system this year to reward our returning members with lower fees. The fee schedule is as follows:

1Ls – $40
2Ls & 3Ls (New to TBLS) – $30
2Ls (Returning) – $20
3Ls (Returning) – $10

To pay dues: Please leave a clearly marked envelope with your name and email at the TBLS mailbox at the communications center in the atrium. Email txbusinesslaw@gmail.com when you drop off dues so that someone can collect them. As you will see below, several of our events and society shirts are only available for dues paying members.

T-Shirts! – Hopefully will be ready by the Organization Fair this Thursday, Sept 3. T-Shirts will definitely be available by Friday, Sept. 4. Members that filled out the survey with t-shirt sizes will have guaranteed t-shirts. The shirts will be the same design and type of shirt as last year, but in the color Melon.

BASEBALL CAPS! – We have ordered Baseball Caps and they will be handed out on a first come, first serve basis. They will be $18. If you would like to reserve a baseball cap or want more details on the caps please email txbusinesslaw@gmail.com. These will be handed out beginning the day of the Organization Fair (Sept. 3). Again, there are only 75 caps so please email to reserve yours!

1L Section Representatives – Interviews for 1L Section Representatives will be occurring soon. If you’re interested please send an email to txbusinesslaw@gmail.com expressing your interest in the position.

Outline Bank – To gain access fill out the Outline Bank form. The outline bank is also available only to dues paying members.

10-Q Newsletter – The new 10-Q is on the website. Check it out!

UPCOMING EVENTS:

09/03 Student Organization Fair – TBLS will have a table during the Organization Fair from 12-2:00 PM in the Atrium. We encourage all members to swing by and pick up their beautiful TBLS coozie and help us recruit 1Ls. Also, members are welcome to drop off their dues during the Fair. If you would like to volunteer for a shift at the Organization Fair, please email txbusinesslaw@gmail.com

09/17 1L Happy Hour – Please plan on coming out Thursday, September 17 from 8-10 PM to our 1L Happy Hour! TBLS will be welcoming the new 1L class with this event prior to Bar Review. Of course we will have a bar tab and it should be a great time so we hope you all can make it. We will let you know the location as soon as possible.

09/25 Associate Luncheon – Come network and meet associates from top law firms at our Associate Luncheon. This is a fantastic opportunity to hear first hand about what it is like to practice transactional law.

10/14 Partner Panel – Partners from top law firms will be coming to campus to speak with students, discuss their practice areas, and what they expect from associates.

TERM OF THE WEEK:

Debt Instrument – A paper or electronic obligation that enables the issuing party to raise funds by promising to repay a lender in accordance with terms of a contract. Types of debt instruments include notes, bonds, certificates, mortgages, leases or other agreements between a lender and a borrower.

3 THINGS TO MAKE YOU SMARTER:

You can watch China’s state investors inflating its stock market. The money pours in right before the end of the trading day.

International Monetary Fund Officials should have seen it coming. They knew they were on a flawed course when they bailed out Greece in 2010, and the compromises they made then have continued to haunt them—and much of Europe.

“Manspreading” and “butt dial” are officially words. The online Oxford Dictionary also added “beer o’clock”

3/24/15

UPCOMING EVENTS

Softball Registration: TBLS Softball starts 3/29. Game are Sundays at 4pm at the IM fields. Sign up here.

TBLS 2nd Annual M&A School, April 10 & 11, Francis Auditorium – Registration is now open on Symplicity! The Friday sessions is 1-5pm, Saturday is 9am-1pm. Lunch and Breakfast are provided. Please see the attached flyer for additional information or stop by our table next week to hear more about the event and register. This is our biggest event of the year and CSO also provides resume credit.
Past participants described the event as:
“[A] good overview of the process, very beneficial overall and gaining exposure to many technical terms”
“Best part was [the] perspective of speakers and stories of what actually happens…”
Additional questions please email txbusinesslaw@gmail.com
Summer Employment – If you have not already, please fill out the summer employment form here. Submissions can be anonymous and any individual employment data will not be shared outside the TBLS Executive Board. We use employment statistics to help attract sponsors and attorney participation. We are also planning several summer events and want them to be targeted towards locations where most of our membership will be.
1st Annual TBLS Battle for the Cup Golf Tournament: The first annual Battle for the Cup will be held at the beautiful River Place Country Club on April 2nd, 2015. The Battle for the Cup will be a four-person scramble comprised primarily of student organization teams competing to win the Lone Star Cup. Along with the top overall prize, scramble teams will be able to compete for top honors in three divisions; Top men’s team, top Women’s team, and top Co-Ed team. Following the golf tournament there will be a reception at the River Place clubhouse for the Tournament participants. TBLS will sponsor 2 teams. If you would like to participate, please email Aaron Gankofskie  Agankofskie@Utexas.edu

3/10/15

UPCOMING EVENTS

TODAY: Officer & Committee Applications – The application for Officers and Committees is attached below. All applications are due TODAY by 5pm.
TOMORROW: Crash Course in Private Equity, 12-1:30pm, Francis Auditorium  – presented by Kirkland & Ellis and co-sponsored with TJOGEL. This will be a lunchtime presentation by attorneys from Kirkland & Ellis and will be followed by a Happy Hour from 5-7 at Javelina on Rainy Street with K&E’s attorneys.

Please RSVP by completing the survey at this link: https://www.surveymonkey.com/r/UT2015CCPE

If you have any questions please contact Molly Blonn at molly.blonn@kirkland.com or +1 (713) 835-3614

 Summer Employment – If you have not already, please fill out the summer employment form here. Submissions can be anonymous and any individual employment data will not be shared outside the TBLS Executive Board. We use employment statistics to help attract sponsors and attorney participation. We are also planning several summer events and want them to be targeted towards locations where most of our membership will be.
Tshirts: If you still haven’t gotten your shirt we will have them in the office TOMORROW (2.125) from 3:45-5pm
1st Annual TBLS Battle for the Cup Golf Tournament: The first annual Battle for the Cup will be held at the beautiful River Place Country Club on April 2nd, 2015. The Battle for the Cup will be a four-person scramble comprised primarily of student organization teams competing to win the Lone Star Cup. Along with the top overall prize, scramble teams will be able to compete for top honors in three divisions; Top men’s team, top Women’s team, and top Co-Ed team. Following the golf tournament there will be a reception at the River Place clubhouse for the Tournament participants. TBLS will sponsor 2 teams. If you would like to participate, please email Aaron Gankofskie  Agankofskie@Utexas.edu

3/3/15

UPCOMING EVENTS

Officer & Committee Applications – The application for Officers and Committees is attached below. All applications are due next Tuesday 3/10 by 5pm.
Summer Employment – If you have not already, please fill out the summer employment form here. Submissions can be anonymous and any individual employment data will not be shared outside the TBLS Executive Board. We use employment statistics to help attract sponsors and attorney participation. We are also planning several summer events and want them to be targeted towards locations where most of our membership will be.
3/11 Crash Course in Private Equity, 12-1:30pm, Francis Auditorium  – presented by Kirkland & Ellis and co-sponsored with TJOGEL. This will be a lunchtime presentation by attorneys from Kirkland & Ellis and will be followed by a Happy Hour from 5-7 at Javelina on Rainy Street with K&E’s attorneys.

Please RSVP by completing the survey at this link: https://www.surveymonkey.com/r/UT2015CCPE

If you have any questions please contact Molly Blonn at molly.blonn@kirkland.com or +1 (713) 835-3614

TBLS 2nd Annual M&A School, April 10 & 11 – Our biggest event of the year will take place Friday afternoon and Saturday morning. Partners and associates from Norton Rose Fulbright will present and entire M&A deal from start to finish. There will also be a networking reception after the Friday session. More information to come!

TBLS is on Twitter! Love the 5 things? Looking for a more frequent and even quicker way to see what’s going on in the markets and transactional law world? Follow us @TxBLS

TERM OF THE WEEK

ASSET SALEA sale of a business in which the buyer acquires only specific assets (and possibly assumes some liabilities).  Unlike a stock sale, the buyer obtains the assets usually free and clear of any liabilities of the seller. The buyer also gets the advantage of a “step-up” in basis on the assets purchased based on their allocated fair market values.

5 THINGS TO KNOW THIS WEEK

1. Barclays, Weighed Down by Litigation Charges, Reports Annual Loss

LONDON — Barclays said on Tuesday that it fell to a loss in 2014 as its annual results were dragged down by charges related to potential fines and litigation costs for past conduct by its employees, and lower income in its investment bank as the lender continues to shrink that business.

The bank’s annual results included 2.8 billion pounds, or about $4.3 billion, in litigation and conduct charges. That included £750 million in the fourth quarter related to continuing investigations into the potential manipulation of foreign currency trading markets, bringing the total set aside for 2014 to about £1.25 billion.

2. Delaware Courts Pause on the Deal Price Do-Over

The latest hedge fund strategy to seek higher returns has hit speed bumps courtesy of the Delaware courts in a recent case involving Ancestry.com.

The strategy involves exercising what are known as appraisal rights, or dissenters’ rights, which allows shareholders of an acquired company to go to court to seek more cash if they think the takeover price was too low.

Until recently, appraisal rights were seldom exercised. To pursue a claim, a shareholder must hire lawyers and experts and sue in court. This can be expensive and time-consuming. The results are also uncertain because a court may award less than the amount offered in the takeover. Most shareholders don’t want to take the time, expense or risk.

 3. Calculating the Odds of a Comcast-Time Warner Cable Deal

Time Warner Cable’s deal risk is going down to the wire.

The $45 billion sale of Time Warner to its larger rival, Comcast, has already been under consideration for nearly a year by regulators. A Federal Communications Commission, preoccupied with its decision to treat the Internet like a utility, caused part of the delay. The agency’s decision to raise the standard for high-speed broadband also set off fresh concerns that it might influence the Justice Department’s analysis. The implied chances for success are now at 60 percent, close to the lowest in the market since the transaction was announced.

 4. Apple Car Seen as Serious Competitor by Auto Executives

(Bloomberg) — Automotive executives are taking seriously the prospect that Apple Inc. and Google Inc. will emerge as competitors even as they consider partnering with the two.

“If these two companies intend to solely produce electric vehicles, it could go fast,” Volkswagen AG Chief Executive Officer Martin Winterkorn said at the Geneva International Motor Show. “We are also very interested in the technologies of Google and Apple, and I think that we, as the Volkswagen company, can bring together the digital and mobile world.”

5. Wall Street Has Its Eyes on Millennials’ $30 Trillion Inheritance

There have been any number of pieces written about how the millennial generation is consciously refusing to do things that preceding generations thought were perfectly reasonable, such as playing golf or investing in the stock market or even doing a SINGLE NICE THING  for someone else!

This seems to have caused some consternation on Wall Street, where the powers-that-be would obviously like to see millennials do at least one nice thing for them: hand over all their money.

2/24/15

UPCOMING EVENTS

3/3 Public Finance Partner Presentation, 11:30-1:30pm – presented by Tom Sage and Adrian Patterson of Andrews Kurth. This will be a round table luncheon and due to limited space will be open only to dues paying members. Lunch will be catered by CHLSA Fajita Fest. Please RSVP by filling out this form:
TBLS is on Twitter! Love the 5 things? Looking for a more frequent and even quicker way to see what’s going on in the markets and transactional law world? Follow us @TxBLS

3/11 Crash Course in Private Equity, 11:30-1:30pm  – presented by Kirkland & Ellis. This will be a lunchtime presentation by attorneys from Kirkland & Ellis and will be followed by an early evening Happy Hour with K&E’s attorneys.  Additional information and RSVP instructions will be coming in the following week.

TBLS 2nd Annual M&A School, April 10 & 11 – Our biggest event of the year will take place Friday afternoon and Saturday morning. Partners and associates from Norton Rose Fulbright will present and entire M&A deal from start to finish. There will also be a networking reception after the Friday session. More information to come!

TERM OF THE WEEK

INVESTMENT GRADE

A rating that indicates that a municipal or corporate bond has a relatively low risk of default. Bond rating firms, such as Standard & Poor’s, use different designations consisting of upper- and lower-case letters ‘A’ and ‘B’ to identify a bond’s credit quality rating. ‘AAA’ and ‘AA’ (high credit quality) and ‘A’ and ‘BBB’ (medium credit quality) are considered investment grade. Credit ratings for bonds below these designations (‘BB’, ‘B’, ‘CCC’, etc.) are considered low credit quality, and are commonly referred to as “junk bonds”.

5 THINGS TO KNOW THIS WEEK

1. She Runs S.E.C. He’s a Lawyer. Recusals and Headaches Ensue.

Their legal careers, and by extension their marriage, are the stuff of lore. Mary Jo White leads the Securities and Exchange Commission; her husband, John, practices law at an old-guard firm as elite as the corporations it represents. Together, they are a legal power couple that straddles Wall Street and Washington like few others.

Their careers, however, can at times collide, generating headaches for the S.E.C. as it pursues wrongdoing in the nation’s financial markets, according to interviews with lawyers and a review of federal records. In the nearly two years since Ms. White took over the agency, she has had to recuse herself from more than four dozen enforcement investigations, the interviews and records show, sometimes delaying settlements and opening the door, in at least one case, to a lighter punishment.

2. Oil Continues to Fall, and OPEC Isn’t Helping

It was another down day in the oil market: Crude prices fell more than 2 percent, with WTI finishing Feb. 23 below $50 a barrel for the first time in almost two weeks.

For a moment, things looked like they might go the other way. OPEC President Diezani Alison-Madueke said in a Financial Times report that she would call an emergency meeting of OPEC if prices continue to fall. Oil prices were buoyed by the news—briefly—until they fell again.

 3. Calculating the Odds of a Comcast-Time Warner Cable Deal

Time Warner Cable’s deal risk is going down to the wire.

The $45 billion sale of Time Warner to its larger rival, Comcast, has already been under consideration for nearly a year by regulators. A Federal Communications Commission, preoccupied with its decision to treat the Internet like a utility, caused part of the delay. The agency’s decision to raise the standard for high-speed broadband also set off fresh concerns that it might influence the Justice Department’s analysis. The implied chances for success are now at 60 percent, close to the lowest in the market since the transaction was announced.

 4. 5 Things to Watch for in Janet Yellen’s Testimony

Federal Reserve Chairwoman Janet Yellengoes to Capitol Hill this week to deliver her semiannual testimony on monetary policy and the economy. Every utterance is potentially market-moving, coming at a time when the Fed is considering when to start raising short-term interest rates after holding them near zero since late 2008. Here is a smattering of the types of questions she is likely to get from lawmakers—and the sorts of answers Ms. Yellen can be expected to deliver. She testifies before the Senate Banking Committee on Tuesday and the House Financial Services Committee on Wednesday.

5. 5 Things to Know About Spoofing in Financial Markets

“Spoofing” is an illegal type of market manipulation that works like bluffing: A trader places big orders for stocks, bonds or futures to get others to think the price is going up or down. Then, in the blink of an eye, the spoofer cancels those orders and puts in opposite orders to take advantage of those traders. Spoofing can earn a big payoff but can undermine confidence in the markets and hurt other traders, The Wall Street Journal reports.

2/17/15

UPCOMING EVENTS

Executive Board Applications due 5 PM TODAY!

TJOGEL Symposium Thursday & Friday: 

Meet and network with practicing oil and gas attorneys! The Texas Journal of Oil, Gas, and Energy Law (TJOGEL) would like to invite you to attend our 10th Annual Symposium on Thursday, February 19th at the AT&T Executive Education and Conference Center.  
 
This year presentations will be given by partners from Vinson & Elkins, Bracewell & Giuliani, Kirkland & Ellis, Latham & Watkins, and Jones Day.  There will also be a regulatory update panel including the Chairman of the Railroad Commission as well as the Chairman of the Texas House Committee on Natural Resources. 
 
You can register to attend the event for free at: https://utexas.qualtrics.com/SE/?SID=SV_eM42HqE2dikUHgV
UT Law Day Friday, March 13
This year Law Day will teach 80 middle school students from Fulmore Middle School and Webb Middle School about what law school and a legal career entails. It is our goal to expose and educate these kids to the legal profession through a lesson, mock trial, career panel and tour of the law school. Professors Morse and Jinks are teaching our lessons and we need law student volunteers to participate in the mock trial and to show the kids around the law school.
Please visit the google doc to sign up for a volunteer slot:
https://docs.google.com/spreadsheets/d/1h1EI9SkYP16fYzEm_OIqdFXLIMAZbWL8qH6D1riUn88/edit#gid=0
If you have any questions, comments or concerns please contact ashley.carlisle@live.com.
3/3 Public Finance Partner Presentation – presented by Tom Sage and Adrian Patterson of Andrews Kurth. This will be a round table luncheon and due to limited space will be open only to dues paying members. Additional information and RSVP instructions will be coming in the following week.

3/11 Crash Course in Private Equity – presented by Kirkland and Ellis. This will be a lunchtime presentation by attorneys from Kirkland and Ellis and will be followed by an early evening Happy Hour with K&E’s attorneys.  Additional information and RSVP instructions will be coming in the following week.

TBLS 2nd Annual M&A School, April 10 & 11 – Our biggest event of the year will take place Friday afternoon and Saturday morning. Partners and associates from Norton Rose Fulbright will present and entire M&A deal from start to finish. There will also be a networking reception after the Friday session. More information to come!

TERM OF THE WEEK

ARTICLES OF INCORPORATIONA legal document filed with the state that sets forth the purposes and regulations for a corporation. Each state has different regulations.

5 THINGS TO KNOW THIS WEEK

1. Hacking Conference Brings Together Corporate and Law Enforcement Heavyweights

Executives from Bloomberg, Citigroup, Deloitte, First Data, IAC/InterActiveCorp, IBM and Mohegan Sun joined officials from the F.B.I., the Secret Service and the Justice Department to discuss cooperation in fighting cybercrime.

2. Billionaire Pickens Energy Holdings Lose Half Their Value

Billionaire investor T. Boone Pickens’ energy holdings fell by almost half last quarter as he sold shares of battered oil producers including Goodrich Petroleum Corp. and EP Energy Corp.

The value of Pickens’ Dallas-based TBP Investments Managements fund fell by $50.7 million in the fourth quarter to $51.5 million, according to data compiled by Bloomberg from filings with the Securities and Exchange Commission on Tuesday. The fund sold out of eight companies, including 339,550 shares in Goodrich, which lost 70 percent of its value in the fourth quarter. EP Energy fell by 40 percent.

 3. 5 Things to Watch on the Economic Calendar

Next week’s roster of economic reports lack the market-moving punch of top-tier data like the payrolls release. That doesn’t mean the numbers won’t give us clues about where the economy—and monetary policy—may be headed. Here are five things to watch.

 4. S.E.C. Asks Alibaba About Dispute With Chinese Regulator

Alibaba disclosed on Friday that it has received a request from the S.E.C. for more information about the clash with China’s State Administration for Industry and Commerce.

5. Law Students Leave Torts Behind (for a Bit) and Tackle Accounting

A group of 170 Brooklyn Law School students cut short their winter break and headed back to campus in January for an intensive three-day training session. But not in the law.

Instead, they spent the “boot camp” sessions learning about accounting principles, reading financial statements, valuing assets and other basics of the business world — subjects that not long ago were thought to have no place in classic law school education.

2/10/15

UPCOMING EVENTS

Executive Board Applications – We are now accepting applications for the 2015-2016 Board. The application is attached to the bottom of this email and is due next Tuesday, 2/17 by 5 pm.

President – Leslie Vaughn, lvaughn@alumni.nd.edu
Vice President – Garrett McKuin, gcm644@utexas.edu
Director of Membership – Lizz Dye, lizzdye@gmail.com
Director of Professional Events – Randy Santa Ana, randy.santaana@gmail.com
Director of Development – Auri Jalili, aurijalili@gmail.com

MARK YOUR CALENDARS! TBLS 2nd Annual M&A School, April 10 & 11 – Our biggest event of the year will take place Friday afternoon and Saturday morning. Partners and associates from Norton Rose Fulbright will present and entire M&A deal from start to finish. There will also be a networking reception after the Friday session. More information to come!

DUES – If you have not yet paid your dues, they are still $30 and can be left in a clearly marked envelope with your name and email at the TBLS mail box at the communications center in the atrium. Please email txbusinesslaw@gmail.com when you drop off dues so that someone can collect them. As you will see below, several of our events and society shirts are only available for dues paying members.

3/3 Public Finance Partner Presentation – presented by Tom Sage and Adrian Patterson of Andrews Kurth. This will be a round table luncheon and due to limited space will be open only to dues paying members. Additional information and RSVP instructions will be coming in the following week.

3/11 Crash Course in Private Equity – presented by Kirkland and Ellis. This will be a lunchtime presentation by attorneys from Kirkland and Ellis and will be followed by an early evening Happy Hour with K&E’s attorneys.  Additional information and RSVP instructions will be coming in the following week.

Outline Bank – The outline bank is now live! To gain access fill out the Outline Bank form. The outline bank is also available only to dues paying members.

10-Q Newsletter – The first issue of our Newsletter is now available. Check it out here.

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 or stop by the table in the atrium Tuesdays from 11:30-1:30

TERM OF THE WEEK

PROMISSORY NOTEA signed, written instrument which acknowledges a debt, with the promise to pay the debt on specified terms (i.e. payment amount, payment date(s), interest rate).

5 THINGS TO KNOW THIS WEEK

1. Activist Investors Take Aim at G.M.

A former member of the Obama administration’s auto task force, Harry J. Wilson, has teamed up with big hedge funds to seek a seat on the auto maker’s board.

2. ALABAMA’S CHIEF JUSTICE FAILS IN BID TO BLOCK GAY MARRIAGES

Same-sex marriages began in Alabama after the U.S. Supreme Court issued a brief order rejecting a request by Alabama’s attorney general to postpone the implementation of a federal judge’s ruling allowing such marriages. The high court’s move set up a potential clash with the state’s chief justice, who on Sunday night ordered probate judges and state employees not to issue or recognize same-sex marriage licenses. However, at least some county courts were choosing to abide by the federal court ruling and issuing licenses to same-sex couples.

 3. Winklevoss Twins Aim to Take Bitcoin Mainstream

Bitcoin, the virtual currency that was once the talk of the financial world, has been taking a beating over the last year with the price tumbling downward.

Now two of the biggest boosters of the virtual currency, Cameron and Tyler Winklevoss, are trying to firm up support by creating the first regulated Bitcoin exchange for American customers — what they are calling the Nasdaq of Bitcoin.

 4. Private Investment Firms Win the Right to Keep Money in the Family

(Bloomberg) — Private investment firms in the U.S. that manage the wealth of a single family are winning the right to service in-laws and their relatives.

For the descendants of William E. Simon, Treasury Secretary under Presidents Richard Nixon and Gerald R. Ford in the 1970s, that means they can keep managing money for Meryl Streep and her foundation within their family office.

5. Citi: Oil Could Plunge to $20, and This Might Be ‘the End of OPEC’

The recent surge in oil prices is just a “head-fake,” and oil as cheap as $20 a barrel may soon be on the way, Citigroup said in a report on Monday as it lowered its forecast for crude.

Despite global declines in spending that have driven up oil prices in recent weeks, oil production in the U.S. is still rising, wrote Edward Morse, Citigroup’s global head of commodity research. Brazil and Russia are pumping oil at record levels, and Saudi Arabia, Iraq and Iran have been fighting to maintain their market share by cutting prices to Asia. The market is oversupplied, and storage tanks are topping out.