Schuette v. Coalition to Defend Affirmative Action, the Supreme Court's 2014 decision on race in university admissions, attracted considerable attention due to the sharp disagreement about race consciousness between Chief Justice John Roberts and Justice Sonia Sotomayor. But behind the evident division on the Court about the race, a close reading of Schuette indicates a near consensus among the justices that public universities and their faculties have far less constitutional protection than many may assume. Schuette should be taken as a warning to public universities that their autonomy and independence may be illusions, subject to the changing preferences of legislatures and voters.
The SEC and the Judiciary are at odds over whether an individual must report potential securities law violations directly to the SEC in order to qualify as a whistleblower under the Dodd-Frank Act. This Essay examines the statutory language at the heart of the conflict, the SEC regulation that potentially clarifies the scope of whistleblower protection, and the SEC's authority to interpret the Act. Ultimately, the author concludes that the SEC's expansive approach is more in line with the objectives of securities law enforcement.
Are we entering an era where investors can acquire an equity stake in an individual? A new family of marketplace transactions provides individuals with financing for business, entrepreneurship, education, or diversification purposes in return for the individual's promise to pay a percentage of her income for a period of years. This Essay briefly discusses the legal, regulatory, and public policy issues these new transactions raise, and proposes an analytical approach to grappling with such issues.
NEWS & EVENTS
August 12, 2014Defining the Whistleblower Under Dodd-Frank: Who Decides?
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