Faculty in the News

Faculty News

  • Prof. Cox Quoted in Star Tribune on Dodd-Frank Legislation

    May 22, 2017

    Professor Prentiss Cox was quoted in a Star Tribune article about legislation that would restrict the authority of the United States Consumer Financial Protection Bureau. Cox stated that removing CFPB authority would occur only if there was “willful blindness” to the deficiencies in the financial regulatory system prior to the creation of the agency. Cox also was recently noted in an Amercian Banker article on the subject as a prominent co-signer of a letter by academics opposing the proposed changes to Dodd-Frank.

  • Prof. Hickman Elected to American College of Tax Counsel

    May 12, 2017

    Professor Kristin Hickman has been elected a Fellow of the American College of Tax Counsel by the College’s Board of Regents. Membership in the College is limited to a maximum of 700 tax attorneys across the United States nominated by their peers and recognized for their extraordinary accomplishments and professional achievements and for their dedication to improving the practice of tax law.

  • Prof. McGeveran Comments on Google Search Warrant 

    May 12, 2017

    Professor William McGeveran, an expert in privacy and internet law, spoke to the Star Tribune about an apparent agreement to narrow a very broad search warrant served on Google by police in Edina, Minnesota. The warrant sought identification of everyone who searched for a particular name over an extended period. While the warrant was narrowed in this case, McGeveran expressed concern that other judges might approve such warrants in the future, and other internet firms might not fight back as Google did.

  • Prof. Cox Quoted in Star Tribune on Real Estate Closing

    May 11, 2017

    Professor Prentiss Cox was quoted in a Star Tribune article about referral practices in the real estate industry. The article was part of multiple Star Tribune articles about the practice of real estate brokers referring clients to affiliated title and closing companies, or such companies that provided the broker benefits. Cox noted that this practice raises issues about the broker’s fiduciary duties. He stated that consumer lack of understanding about the ability to shop for real estate title and closing services is a major market problem.

  • Prof. Hickman Interviewed by Tax Notes Regarding Implications of Regulatory Accountability Act for Tax Regulations

    May 9, 2017

    Professor Kristin Hickman was quoted extensively in an article published by Tax Notes Today regarding the implications for tax regulations of the Regulatory Accountability Act of 2017 (S. 951), which was introduced in the Senate by Senators Rob Portman (R-Ohio) and Heidi Heitkamp (D-N.D.), and co-sponsored by Senators Orrin Hatch (R-Utah) and Joe Manchin (D-W.Va.). The article included Prof. Hickman’s thoughts on potential changes to procedural requirements for agency regulations, review of regulatory actions by the Office of Management and Budget (OMB) and the Office of Information and Regulatory Affairs (OIRA), and standards of judicial review for agency interpretations of law.

  • Prof. McGeveran Says Instragram Celebs May Be in Trouble Over Fyrefest

    May 7, 2017

    Professor William McGeveran commented to Fortune about lawsuits against the organizers of the disastrous Fyre Festival, a luxury music event that collapsed in chaos. Recent fraud lawsuits have included claims against models, fashion designers, and other celebrities (including Kendall Jenner and Emily Ratajkowski) who were allegedly paid to promote the event. McGeveran explained that the plaintiffs have strong claims, just as they might against employees of a high-pressure sales company who knowingly spread misleading information. “The plaintiffs here are arguing that Fyrefest is the Instagram equivalent of door-to-door sales fraud,” he said.

  • Prof. Vaaler Interviewed on MPR About International Business Implications of Trump's Tax Policy Proposals

    April 27, 2017

    Profesor Paul M. Vaaler, John and Bruce Mooty Chair in Law & Business, was interviewed by Minnesota Public Radio’s Cathy Wurzer for the MPR Morning Edition show about the international business implications of the Trump administration’s tax policy proposals announced this week.  Vaaler commented on the likelihood that reduction in the U.S. federal corporate income tax from 35% to 15% would encourage many Minnesota-based multinational corporations (MNCs) to repatriate “trapped” profits abroad or reincorporate in the U.S. after moving abroad through merger and “tax inversion” strategies. If reduced to 15%, this change in U.S. federal corporate tax rate would likely trigger counter-reductions in the corporate tax rates of many European countries where Minnesota MNC profits are trapped and or MNC headquarters are now located for tax purposes. A corporate tax “war” between the U.S. and Europe might see little change in international business transaction and location trends for most Minnesota-based MNCs.

  • Prof. Painter Quoted in NYT’s Op-Ed About White House Response to Flynn Controversy

    April 26, 2017

    Professor Richard Painter—former chief ethics officer for the George W. Bush administration—was quoted in The New York Times regarding how the Trump White House has handled information about Michael Flynn, former national security adviser, and his connections to Russia and Russian President Vladimir Putin. In reference to foreign payments Flynn received from a Turkish consulting company with ties to both Ankara and Moscow, and the failure to disclose these payments—a federal offense carrying a potential five-year prison term—Prof. Painter wrote on Twitter: “US House must subpoena the docs. If no compliance, impeach. Zero tolerance for WH covering up foreign payoffs.”

  • KSTP-TV Interviews Prof. Cotter on Dispute Over Prince Songs

    April 20, 2017

    KSTP-TV Channel 5 News interviewed Professor Tom Cotter on a legal dispute over the release of recordings of previously unreleased songs by the late recording artist Prince. Prof. Cotter noted that the dispute ultimately may center on an issue of copyright law, namely whether Prince was the sole author of the works, or whether instead the sound engineer who released the recordings was, as he claims, a joint author with Prince. 

  • New Ranking of State Insurance Protections Draws on Prof. Schwarcz’s Research

    April 19, 2017

    The Rutgers Center for Risk and Responsibility released a report entitled “State Rankings of Homeowners Insurance Protections: Buying Insurance,” which draws extensively on Professor Schwarcz’s research on state insurance regulation. The report highlights that most states do not make different homeowners insurance policies broadly available to consumers or market intermediaries. It also emphasizes that states generally do not disseminate any data about how reliably different carriers pay their claims. These deficiencies in transparency, according to Prof. Schwarcz, result in consumers relying on carriers’ vague and unverifiable claims about the quality of their coverage, impeding effective competition in insurance markets.

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