News

CLO Market: The Volcker Rule and Risk Retention

By EsqSocial Corporation 03/07/14

Collateralized Loan Obligations (CLOs) are a type of Collateralized Debt Obligation (CDO) created by pooling large commercial loans and debt instruments. This pool is divided into various tranches with different risk–return characteristics and...

If You Didn't Write It Down, It Didn't Happen

By EsqSocial Corporation 03/07/14

As education and employment lawyers, we experience schools’ collective challenges at a far greater rate than any individual institution. This year, the issue that schools have struggled with most is the failure to document employee-performance...

NYT editorial supports press pass for SCOTUSblog, says biggest user is Supreme Court

By EsqSocial Corporation 03/07/14

A reporters’ committee should reconsider its decision to deny a press pass to SCOTUSblog, according to a New York Times editorial. The U.S.

School suspension of boy, 7, who chewed pastry into gun shape is upheld by hearing officer

By EsqSocial Corporation 03/07/14

The two-day school suspension last year of a 7-year-old Maryland boy who chewed a breakfast pastry into the shape of a gun during a snack break has been upheld by a hearing examiner.

Health and Safety Regulatory Reform (SB493) currently sleeps in Senate Ways and Means

By EsqSocial Corporation 02/07/14

Senate Bill 493 - Health and Safety Regulatory Reform is now resting comfortably in the Senate Ways and Means Committee; a committee with just three members and just six bills. It appears to be a safe house for bills taken hostage while the end of...

Supreme Court Rules That Police May Not Search Cell Phones Without A Warrant

By EsqSocial Corporation 02/07/14

One of the fundamental liberties protected by the Bill of Rights is freedom from unreasonable searches. The Fourth Amendment reflects the concern that “We the People” should not be subjected to intrusive searches of our persons, homes, and personal...

SEC Staff Closes Loophole on BDC Asset Coverage Requirements

By EsqSocial Corporation 02/07/14

In a Guidance Update published on June 30, 2014 by the SEC’s Division of Investment Management, the staff closed a loophole that allowed business development companies (BDCs) with wholly owned Small Business Investment Company (SBIC) subsidiaries to...

Limitation Periods for Antitrust Damages Actions in The European Union

By EsqSocial Corporation 02/07/14

The last decade or so has seen a marked increase in antitrust damages actions brought before the national courts of the EU Member States. As things currently stand, such actions are governed by the various national laws of the 28 Member States. This...

Supreme Court Decides Halliburton Co. v. Erica P. John Fund, Inc.

By EsqSocial Corporation 02/07/14

On June 23, the Supreme Court in Halliburton Co. v. Erica P. John Fund, Inc. held that a securities class action defendant may introduce evidence at the class certification stage to rebut the presumption that an alleged misrepresentation impacted a...

SEC Issues Guidance Regarding Enhanced Mutual Fund Disclosure

By EsqSocial Corporation 02/07/14

On June 26, 2014, the staff of the SEC’s Division of Investment Management issued guidance related to mutual fund disclosure enhancements adopted in 2009. The guidance is based on comments the staff has provided to a number of registrants since that...

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