August 2024

This week I just direct your attention to various items.

First, the NYSE recently proposed a rule change that would exempt closed end funds from the requirement of holding annual shareholder meetings.  Closed-end funds are frequently the subject of activist attacks – here I blogged about a Second Circuit case that struck down a takeover defense measure in a Nuveen fund – so a rule change here would be, you know, significant.  Anyway, here is the link to the comments the SEC has received, and the one I found particularly useful, was by the Working Group on Market Efficiency and Investor Protection in Closed-End Funds, which is a collection of law and business professors.

Second, Project 2025 is all in the news these days as a preview of what a second Trump administration might look like, and it turns out, there are proposals for changes to the federal securities laws.

We have the usual conservative stuff, like, get rid of disclosure requirements pertaining to “social, ideological, political, or ‘human capital’ information that is not material to investors’ financial, economic, or pecuniary risks or returns.”  Obviously, the issue here, unaddressed in the document, is that most commenters would…

ASSISTANT/ASSOCIATE/PROFESSOR OF LAW
 
ALBANY LAW SCHOOL, in New York’s Capital City, invites applications from entry-level and lateral candidates for multiple faculty positions beginning in July 2025. We are committed to the diversity of our student body and faculty. We seek candidates with experience in teaching and mentoring students from groups historically excluded from higher education and the legal profession and whose work advances critical thinking on questions of importance to society. We welcome applications from qualified candidates across all areas and specializations, from core first-year classes to specialty upper-level courses. In addition, we have particular interest in candidates with expertise in the following primary areas: business law (including contracts, corporate, commercial and transactional law courses); clinic (including the Director of the Immigration Law Clinic and Director of a new Housing Clinic); Introduction to Lawyering. Secondary areas include: administrative law, legislation, regulation, tax, law & technology, intellectual property, criminal law, evidence, constitutional law and environmental/energy law.
As part of our unitary tenure system, tenure-track opportunities are available across all positions. In addition, Albany Law School is poised to begin new programming that will increase online opportunities for our students and our faculty. Applicants should express their potential interest in teaching in

…