Category Archives: Law Libraries

New “Frank” Legislation

Last month I wrote about the new Dodd-Frank Act and how PLI is providing timely information about what this legislation means to your organization.  In today’s Washington Post article After mortgage meltdown, Barney Frank gets another chance to remake housing finance we get to see how this champion for affordable housing might be changing government policy.  Barney Frank has a chance to play a critical role as the Obama administration determines the future of mortgage companies Fannie Mae and Freddie Mac.

And as a reminder, if you are looking for timely and up-to-date information about the Dodd-Frank Act, you should check out PLI’s one hour briefings on the subject.  Early next year we will be publishing a treatise dealing with the Dodd-Frank act.  Check back here; I will post information as it becomes available.

New Treatise Available – Sovereign Wealth Funds

PLI just published a new treatise entitled Sovereign Wealth Funds (SWFs).  Although they’ve existed for many years, the first decade of the 21st century saw a substantial surge in the assets of SWFs.  This, coupled with a more aggressive investment style, has resulted in a much greater awareness, by both governments and the public, of SWF activity.  In turn, this has generated an ongoing policy debate about the proper role of government regulation and taxation of these funds.

In Sovereign Wealth Funds, noted international tax lawyer Leonard Schneidman has assembled an array of essays, authored by a global collection of subject area experts, designed to explore three key aspects of SWFs: their regulation and governance, investment behavior, and taxation.  If your library or organization is interested in the SWF phenomenon and its practical legal, tax and financial implications—this is a valuable resource.

Book Information:

1st Edition
ISBN Number: 978-1-4024-1481-7
Number of Volumes: 1
Page Count: 378 pages
Item #: 28131
Price: $225.00

Click here for additional information.

Tax Research Program At Your Fingertips

PLI and LLAGNY recently sponsored a program entitled An Introduction to Tax Research in the Library: The Crossroad Between Information & Practice.  It was presented by Jennifer A. Lawton, Tax Librarian, Dewey & LeBoeuf LLP; Russell Switzer, Tax Librarian, Paul, Weiss, Rifkind, Wharton & Garrison LLP; and tax attorney, Erin M. Collins, Manager, Tax, KPMG.  The program explained the types of authority in federal tax research, the sources to look for answers to your tax research questions, as well as the sources to consult for legislative histories.

Erin M. Collins is also the author of the Internal Revenue Service Practice and Procedure Deskbook.  This title is a valuable resource for any tax library.  The title is available here.

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Please note this program has expired.  If you are interested in current PLI Library Programs, please visit www.pli.edu/libraryaudiobriefings.

Antitrust Settlement Reached

It was reported that an agreement was reached between Department of Justice  (DOJ) and Visa and Mastercard on the fees that these companies charge merchants.  This is good news for customers and store owners because the DOJ estimated that the fees cost merchants $35 billion and that those costs were passed on to customers.  In addition the DOJ announced that they filed an antitrust suit against American Express. 

Interested in learning more about antitrust issues?  Every year the PLI holds the Antitrust Insititue and publishes the accompanying course handbook by the same name.  The Antitrust Institute 2010 course handbook is available here.

Keeping Up With Dodd-Frank

Since the Dodd-Frank Act was passed this summer, everyone is trying keep up with it.  Librarians and practitioners need to understand what the legislation means to their organization.  Here at PLI, our program attorneys have created a series of 1-hour briefings on the Dodd-Frank Act.  If you are looking for timely and up-to-date information you should check out these briefings.

Also, our PLI Securities Law Practice Center has been providing valuable insight.  For example, the Dodd-Frank Act increases whistleblower protections and outlines the bounty a whistleblower may receive.  This will encourage citizens to report wrongdoing and help shield them from retaliation.  The plan models similar IRS whistleblower protections which have proved successful.  Interested in learning more?  PLI’s Securities Law Practice Center blog addressed this topic.

POM & Advertising

Federal regulators sued the makers POM Wonderful LLC , which is the pomegranate fruit drink that comes in a distinctive double-bulb shaped bottle.  The government has been taking a hard look at the health benefits touted in food advertisements.  Over the past year, there were a series of actions taken to rein in cereal makers who seemed to imply their products were a bit more than just cereal.  But in those cases, the companies mostly ceded to the warnings.

 In the POM case, the makers are claiming the lawsuit is a violation of their constitutional rights, specifically their first amendment rights.  

While watching this case unfold, I was immediately reminded of PLI’s treatise on the subject.  Advertising and Commercial Speech: A First Amendment Guide is a treatise that examines the origin, meaning, and legal evolution of the Supreme Court’s commercial speech doctrine, focusing on how this central doctrine’s rights and restrictions affect advertising in nearly 50 industries and professions.  It’s a title that answers the questions:

When are advertisers especially vulnerable to lawsuits?

What legal protections do they enjoy?

What is the prevailing law in this volatile area?

If you are interested in learning more, there is a sample chapter available.  To order the title, click here or email libraryrelations@pli.edu.

Protecting Books

Oregon law contained two sections that make it a crime to furnish children and teens with sexually explicit materials.  Yesterday the 9th U.S. Circuit Court of Appeals ruled the law was too broad.  The sections were deemed too far reaching and would block age-appropriate books instead of specifically hard-core pornography, which the state said was the intention.  The law could be applied to libraries and bookstores that provide sex education books and novels that contain sexually explicit material.

You can read more here.

Midyear Law Firm Review

The Law Firm Group at Citi Private Bank released its midyear review of law firms.  Click here for the article in The American Lawyer entitled Trench Warfare: Citi’s Midyear Law Firm Review.

It is an interesting read.  For example, in the first half of 2010 revenue was flat compared to the same period in 2009.  Also, it’s notable that firms are accepting alternative billing methods.

Superman’s Day in Court

What are the rare books librarians at Yale University up to these days?  Showing us how much fun archives really can be. 

The library has a show on called “Superheroes in Court!  Lawyers, Law, and Comic Books.”  The exhibit shows  images of courtroom drama and congressional inquiries from comic books.

The New York Times wrote about the exhibit here.

Exhibit information: “Superheroes in Court! Lawyers, Law and Comic Books”, curated by Mark S. Zaid, Esq., and on display Sept. 4-Dec, 16, 2010 in the Rare Book Exhibition Gallery, Level L2, Lillian Goldman Law Library, Yale Law School