Netcare – KPMG breached client privilege to boost Competitions Commissions probe

Netcare – KPMG breached client privilege to boost Competitions Commissions probe.

The attorney/client privilege: a fond memory of things past an analysis of the privilege following United States v. Anderson.

Mr. Mustokoff, Mr. Swichar, and Ms. Herzfeld address the rudiments of the attorney/client privilege, its crime-fraud exception, corporate compliance programs, the United States government's quest for voluntary disclosure, and how those principles have been affected by United States v. Anderson.

Purchasing IPOs with Commissions

We find direct evidence that institutions churn stocks, increase commissions per share and pay unusually high commissions on trades in order to send abnormally high commissions to lead underwriters of upcoming IPOs. These excess commission payments are a particularly effective way for transient investors to receive lucrative IPO allocations. Our results suggest that the underwriter’s concern fo...

Attitudes Toward Delegation to Presidential Commissions

We examine attitudes of the pubic toward delegation to presidential commissions. In four survey experiments across a range of contexts, we compare the public response to the creation of a commission to that of a direct presidential action. We find that there is no significant difference in the approval garnered for taking action alone or delegating the decision to a presidential commission. Thi...

Opioid-mediated placebo responses boost pain endurance and physical performance: is it doping in sport competitions?

The neurobiological investigation of the placebo effect has shown that placebos can activate the endogenous opioid systems in some conditions. So far, the impact of this finding has been within the context of the clinical setting. Here we present an experiment that simulates a sport competition, a situation in which opioids are considered to be illegal drugs. After repeated administrations of m...