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More Conflict than Interest? How the SEC’s New Conflict-Of-Interest Rules May Mislead Retiring Investors.

By: Nathaniel Reiff

What may seem as a virtuous undertaking by the U.S. Securities Exchange Commission (“SEC”) to protect the nation’s aging population, is receiving a significant amount of backlash from some of the nation’s most influential advocacy groups. Continue reading »

Paying Back Stolen Money Isn’t Fair?

By: Hannah Weiss

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https://www.flickr.com/photos/us_sec/46296136224

The Supreme Court recently granted certiorari to determine whether US courts, under their equitable powers, can require people convicted of securities law violations to disgorge their ill-gotten profits.  The answer to this question could have a significant effect on the Security and Exchange Commission’s (SEC’s) mechanisms for enforcing securities laws.  The question is the central issue in Liu v. SEC and has remained unanswered since the Court’s 2017 ruling in Kokesh v. SEC. Continue reading »

Symposium Spotlight: Michael Grace Jr.

By: Olivia Bane

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Michael Grace Jr. will moderate the Athletes as Employees: Analyzing the Business Implications of the “Pay-for-Play” Model panel at the Wake Forest Journal of Business & Intellectual Property Law’s Spring 2020 symposium. Michael’s practice focuses on business and finance, securities, and mergers and acquisitions. He is a first-year associate in Kilpatrick Townsend & Stockton’s Winston-Salem office. Prior to joining Kilpatrick Townsend, Michael spent several years as legal counsel at the Supreme Court of North Carolina, where he provided legal support to the Honorable Chief Justice Mark Martin in his role as head of the North Carolina Judicial Branch. Previously, Mr. Grace served as a Judicial Law Clerk for Chief Justice Martin.

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Symposium Spotlight: Mason Ashe

By: Brian Lewis

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Mason P. Ashe wears many hats. An experienced sports and entertainment attorney, talent manager, brand strategist, and educator, Mr. Ashe brings over 25 years of experience in the legal and business arenas to best serve his clients, community, and students. As Founder and CEO of Ashe Sports & Entertainment Consulting, Inc., Ashe has structured and negotiated deals related to athlete and entertainer engagement, executive compensation, digital content licensing, and many other agreements associated with the scouting, marketing, management, employment, and commercialization of talent in the sports and entertainment industries globally. Ashe earned a BA degree in Psychology from Hamilton College, and a Juris Doctor degree from the State University of New York at Buffalo Law School. ​

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Symposium Spotlight: Shelia Huggins

By: Olivia Bane

 

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Shelia Huggins is a solo practitioner, law professor, North Carolina representative for the Democratic National Committee, and social media personality. Shelia’s firm, Shelia Huggins, PLLC, focuses on business, contracts, sports, media, internet, employment, and entertainment law. Shelia teaches an Entertainment and Business Law course as an adjunct professor at North Carolina Central School of Law. For nearly nine years, Shelia also worked for the city of Durham, where she was involved in the programming of citywide events and projects supporting neighborhood revitalization efforts and economic development.

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The Tax Implications of the Changing Native American Economy

By: Dylan Ray

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Sandia Resort and Casino

Nearly all revenue generated by Native American tribes is exempt from federal income taxation. Individual Native Americans are, however, usually, taxed like all other citizens. Individual Native Americans must pay tax on income derived from their labor, businesses, investments, and gains from dealings in properties that are not held in trust by the federal government. Additionally, the Internal Revenue Code (IRC) taxes individual Native American’s income regardless of whether it was earned on or off Native land.

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A Spoke in the Wheel: The UAW Strike’s Impact and How Similar Acts Can Negatively Impact Regionalized Economies

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By: Nathaniel Reiff

After a six-week long strike, General Motors Co.’s employees finally agreed on a four-year labor agreement, stifling further loss for the company and mitigating further blows to the economy.  The longest automotive walkout in 50 years, was initiated on September 16, 2019, when approximately 48,000 United Automobile Workers members went on strike. According to Bloomberg Law, the agreement awards among other things workers pay raises, $11,000 ratification bonuses, a route for temporary employees to reach full-time status, and preserves the automaker’s health-care plan. It is reported that the prolonged strike diminished automotive supply chain revenue and removed tens of thousands of workers from an October Labor Department jobs report. In particular, one business tied to the automaker claimed he had laid off nearly his entire staff and used his personal savings to keep his company afloat.

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Sharing Space…Literally.

By: Golzar Yazdanshenas

 

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“We are going to build a road to space, and then amazing things will happen.” – Jeff Bezos

Lead CEO’s such as Jeff Bezos, Elon Musk, and Dennis Muilenburg are discussing building the necessary space vessels to make living outside of this world possible. However, space, like the high seas, is a tricky territory to navigate, since no one country has any actual rights over it or legal claim to it. So before we venture into discussions about future enterprises in space, it would be prudent to assess potential legal issues that may arise.

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Driverless Cars: Friend or Foe?

By: Golzar Yazdanshenas, Summer Blogger

 

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In a 2019 interview, inventor and entrepreneur Elon Musk stated: “I think we will be ‘feature-complete’ on full self-driving this year, meaning the car will be able to find you in a parking lot, pick you up, take you all the way to your destination without an intervention this year.” Many experts are skeptical of Musk’s predictions, claiming the technology needed to make fully autonomous cars is years away.

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Uh Oh, Opioids!

By: Mary Jasperse, Summer Blogger

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In 2017, The New Yorker published an expose on the Sackler Family and their company, Purdue Pharma, that blew the top off of a modern American scandal. This entrepreneurial family became one of the wealthiest in America, amassing a net worth of over thirteen billion dollars in a matter of years. The key to their success has been OxyContin, an oxycodone pain medication chemically similar to morphine. Though no more effective than similar products, OxyContin became the brand leader through aggressive marketing and promotion from Purdue Pharma. As a result of this vigorous campaigning, annual prescriptions for OxyContin increased from 600,000 thousand to 6 million.

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