Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Saturday, May 26, 2007

A Slow News Day

Both the New York Times and the Wall St. Journal have long articles on big stories that do not, however, contain much new information.  If these stories particularly interest you or you think there's a detail you have missed, the Times highlights the dueling lawsuits at Dow Chemical relating to the conmpany's firing of two executives for allegedly shopping the company to private equity firms without board authorization; see A Duel at Dow Chemical.  The WSJ focuses on former SEC Chief Accountant Lynn Turner's recent departure from Glass Lewis because the firm was sold to a Chinese media company, Xinhua Financial.  Turner learned about the sale when he received an angry phone call from former SEC Chair Arthur Levitt asking Turner about it.  See A Star's Bombshell Exit From Glass Lewis.

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