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Full-Text Articles in Law
Helping Yourself While Serving Two Masters: Do Specialists Violate Rule 10b-5 When They Interposition?, Roman Asudulayev
Helping Yourself While Serving Two Masters: Do Specialists Violate Rule 10b-5 When They Interposition?, Roman Asudulayev
Fordham Urban Law Journal
The decision of the Second Circuit in United States v. Finnerty (Finnerty III) was the culmination of a number of District Court decisions that found that specialists on the New York Stock Exchange (NYSE) could not be held liable for fraud under Rule 10b-5 for interpositioning, whereby they put themselves between buy and sell limit orders, in violation of NYSE rules, and profited on the spread. Finnerty III and its District Court sibling decisions were wrongly decided. Specialists presented a uniquely thorny issue of agency law to the Federal Courts in New York. This issue was under-analyzed by the Federal …
Citizens Versus Bondholders, Richard C. Schragger
Citizens Versus Bondholders, Richard C. Schragger
Fordham Urban Law Journal
No abstract provided.
Bondholders And Financially Stressed Municipalities, Clayton P. Gillette
Bondholders And Financially Stressed Municipalities, Clayton P. Gillette
Fordham Urban Law Journal
No abstract provided.