GLG News in Legal, Economic & Regulatory Affairs

Is the AMA's apology for racism a pre-emptive political move?  Despite the fact that health care comprises 16% of the nation's gross domestic product, the U.S. ranks 44th in life expectancy.  The AMA has historically fought publicly-funded healthcare and needs to increase its ranks to lobby against health care proposals of the democratic party.  Barack...

A decisive measure to boost competition in the telecoms industry and lower phone rates, portability started to be implemented last July 5 in 40 of the largest Mexican cities. Amid technical problems, only six out of 22 operators involved in the portability program have been able to complete 100 per cent of calls.  Reluctantly, Telmex and Telcel agreed to participate...

Attempting to narrow the definition of asbestos to minimize lawsuit exposure will not be received well by our Supreme Court!

     Mark Twain's famous quote may serve as an effective guide for assessing Iran's sincerity with regard to their offer for a comprehensive negociation. As the July 5th New York Times article pointed out, Iran expressed a willingness to participate in comprehensive negociations with the EU foreign policy chief, and the six world powers involved in confronting Iran's nuclear...

Building a case against paint manufacturers for lead paint poisoning may not be over, but under a public nuisance theory things just became tougher!The Court seemed to make it clear that the likely target for this kind of litigation remains with the landlord.

Porsche recently purchased shares outright corresponding to a 4.92 % share of VW’s common stock. The European Commission announced the postponement, of its decision in regard to the request submitted by Porsche for approval of its planned shareholding. Meanwhile, in order to ensure that its share of VW remains at the important mark of 20%, Lower Saxony recently purchased 500,000 additional VW shares....

1-     Key assumption for the oil market: the nuclear standoff will continue 2-     Iran will continue to enrich uranium regardless of whether a Republican or a Democrat is US president. 3-     At the same time, the US will oppose any Iranian nuclear program -- even a civilian program -- because this will contribute to the stability of the...

The buyers' willingness to pay a $225 million kill fee and an interest free loan of $1.25 billion shows that things are as bad as they seem -- not for gaming, but for banks.  Penn Gaming gets an enormous influx of cash, making it even more attractive for future buyouts.  It also shows what good lawyering can do.

It seems odd that Jeffrey Epstein, a personal friend of Bill Clinton's, would hire Kenneth Starr to defend him.  Kenneth Starr spent years and millions of the taxpayer's money trying to nail Clinton.  I assume that at some point his prosecutorial zealousness was replaced by general animosity toward Bill Clinton as nothing seemed to stick.  If I was Kenneth Starr, the last thing that...

The Supreme Court blew it when they reduced the punitive damages in the Exxon case.  The purpose of punitive damages is to create a deterrent for future actions.  By holding that punitive damages cannot exceed compensatory damages, the Supreme Court created a standard for companies to operate.  Now, the bean counters who estimate the potential cost of not doing something have a clear...