UM: Business

The Washington Post reports on a recent federal court ruling that rejected a settlement agreement between the Bank of America and the U.S. Securities & Exchange Commission. The article quotes UM law professor Adam Pritchard: “The issue is of broader public concern because it’s really at the intersection of the bailout of the banks and securities law. And the judge has been clear that he’s unhappy with the bank paying the settlement and no individual officers and directors being sanctioned at all.” [Source]