ABSTRACT The Securities and Exchange Commission permits companies to redact proprietary information from material contract filings, so long as the redacted (1) would cause competitive harm if disclosed, (2) is legally immaterial. Because these joint criteria are inherently contradictory, we examine whether immaterial economically investors. We find that firms’ stock price discovery process sign...

Collusion between insurers and drug companies Insurance companies and drug manufacturers can give consumers a headache when they join together. They may also be violating the law. The recently-proposed federal health care plans spark fear and apprehension in most areas of the health care industry. Many physicians, hospitals, and corporations are scrambling to predict the path of legislation and...

HOSE WHO WISH to determine why banks fail typically focus on the characteristics of banks and their local markets that make them vulnerable to losses.1 A key factor often overlooked, however, is capital injections by shareholders. A bank whose losses exceed its capital need not fail, if its shareholders (existing or new) inject sufficient additional funds to restore its capital ratio to a level...

I. THE 1996 TELECOM ACT OVERVIEW...................................... 32 II. IS THE FCC THE REGULATORY SOLUTION? ........................... 33 A. Disparities in Regularity Treatment ...................................... 34 1. Pricing issues.................................................................... 35 2. Service roll out .................................................................

Recently, several large companies have been involved in financial scandals related to mismanagement, resulting in financial damages for their stockholders. In response, certifications and manuals for best practices of governance were developed, and in some cases, tougher federal laws were implemented (e.g. the Sarboness Oxley Act). Companies adhered to these changes adopting the best practices ...