GLG News in Legal, Economic & Regulatory Affairs

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...

Paint companies are off the hook- but should others beware?

Large legal fees do not equate to a walk Uber wealthy backlash by the courts? level playing field for justice?

When many educational institutions are struggling to acquire students due to tight funding for student loans, Apollo Group, Inc., the parent company of University of Phoenix is thriving based on its managers foresight in developing culture of performance and a branding strategy that runs through all levels of their operation. 

In 2003-2008, the Kremlin, under Vladimir Putin's leadership, has consolidated control over domestic and foreign hydrocarbon assets. The strategic goal is to make Russia's state-owned "national leaders", such as Gazprom, into global supermajors.  The crackdown started with YUKOS (2003-2004) and continued with Shell (Sakhalin Island); Exxon; Chevron (Caspian Pipeline Consortium); TNK-BP (Kovykta...

Foreign investment in Russia will probably continue to decline.  Russia has adopted a stringent new law on foreign investment reserving the really important sectors to the state and there is no sign that the state will  either move to a true rule of law, despite Medvedev's statements on the subject, or that key state actors will voluntarily relinquish their ownership of key firms and sectors. ...

Will this ruling be a guide or an edict in calculating punitive damages in other cases?When an award is over a 100 million is a one to ratio for compensatory & punitive appropriate? 

The report explains that creating a pathway to allow for follow-on biologics will save billions of dollars over the next 10 years. The report will be used to press for quick passage of the House and Senate versions of the legislation.