Archive
Media Mentions
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How Delisting Chinese Stocks Could Hurt Wall Street
June 11, 2020
On May 20, the Senate passed the Holding Foreign Companies Accountable Act (HFCAA), a bill that would potentially delist Chinese stocks that fail to comply with Public Company Accounting Oversight Board’s (PCAOB) audits for three years in a row. On the surface, the bill is intended to protect U.S. investors from potential fraudulent accounting by Chinese companies. Bank of America analyst Michael Carrier said Wednesday that delisting foreign stocks like Alibaba Group Holding Ltd - ADR (NYSE: BABA) and JD.Com Inc (NASDAQ: JD) could have a negative impact on Wall Street...He estimates the exchanges could lose between 2% and 3% of listing revenue, between 1% and 2% of US equity transaction revenue and roughly 1% of total revenue. Carrier’s comments come a day after Harvard Law School professor Jesse Fried told CNBC that the bill is unlikely to pass due to opposition from Wall Street. “Wall Street will be lobbying to try to block it, because it makes a lot of money off of listings of Chinese companies in the United States,” Fried said.
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Lawyers Say Retired Judge’s Brief on DOJ’s ‘Patently Irregular’ Michael Flynn Dismissal Was ‘Devastating’ and ‘Masterful’
June 11, 2020
Judge Emmet Sullivan’s appointed amicus curiae issued a stinging rebuke of retired lieutenant general Michael Flynn and the U.S. Department of Justice (DOJ) in a brief filed Wednesday. “[T]he Court should deny leave because there is clear evidence of a gross abuse of prosecutorial power,” retired judge and former prosecutor John Gleeson wrote in his 82-page filing–directly addressing the extraordinary intervention of Attorney General Bill Barr in the case. In early May, the DOJ head directed his subordinates to ask the U.S. District Court in the District of Columbia to dismiss charges of lying to federal agents against the president’s one-time national security advisor. Judge Sullivan, who has overseen Flynn’s case for years and who has been critical of the defendant in the past, took umbrage at the request and asked for any interested parties to intervene in the case in order to assess the merits of such a dismissal. Gleeson, known for his perspicacity viz. federal standards, was hand-selected by Sullivan for his analysis on May 13...Harvard Law Professor Laurence Tribe was also firmly on board with the retired judge’s thorough trashing of the DOJ’s position. “The amicus brief on behalf of Judge Gleeson is genuinely spectacular,” he said in an email. “It is thorough, careful, precise, candid, utterly devastating as a legal matter, and not in the least bit overstated. No judge who rules against the position articulated in this brief can possibly retain the respect of his or her peers.”
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Some of the Charges Stemming From George Floyd’s Death Should Trouble Criminal Justice Reformers
June 11, 2020
Activists who were outraged by George Floyd's death welcomed the criminal charges against Derek Chauvin and three other former Minneapolis police officers who were involved in that horrifying incident. But some of those charges raise issues that would trouble many of the same criminal justice reformers if the context were different. The second-degree manslaughter charge against Chauvin, the officer who kneeled on Floyd's neck for nearly nine minutes, seems to easily fits the facts of the case. It alleges that Chauvin caused Floyd's death "by his culpable negligence, creating an unreasonable risk and consciously [taking] the chances of causing great bodily harm to another." That offense carries a maximum penalty of 10 years in prison...Chauvin also faces a third-degree murder charge, which alleges that he caused Floyd's death by "perpetrating an act eminently dangerous to others and evincing a depraved mind, without regard for human life." That charge, Harvard law professor Laurence Tribe and Minnesota criminal defense attorney Albert Turner Goins have argued, is not appropriate in this case, because Minnesota courts have restricted it to "reckless or wanton acts" committed "without special regard to their effect on any particular person."
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Upcycled food is an officially defined term, which advocates say will encourage broader consumer and industry support for products that help reduce food waste. Upcycling — transforming ingredients that would have been wasted into edible food products — has been gaining ground in alternative food movements for several years but never had been officially defined. The Upcycled Food Association announced May 19 that it defined upcycled foods as ones that "use ingredients that otherwise would not have gone to human consumption, are procured and produced using verifiable supply chains, and have a positive impact on the environment." The definition was drafted by a working group convened by the Upcycled Food Association, which included representatives from Harvard University, Drexel University, Natural Resources Defense Council, World Wildlife Fund and ReFED, a nonprofit that analyzes solutions to food waste...Standardizing the term is also a first step toward legislation that supports upcycling, according to Emily Broad Leib, a Harvard University law professor and director of Harvard’s Food Law and Policy Clinic. "Further research can be done to identify and leverage policy incentives to support upcycled foods as a model to reduce food waste and support a more sustainable food system," she says in a statement.
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The rule of law makes a comeback
June 11, 2020
Like the cavalry riding over the hill to save the day, guardians of justice are rushing forth to support the sanctity of the rule of law and due process from the maundering authoritarians in the Trump administration. For nearly four years, the Justice Department has been deformed and corrupted, becoming the unbridled defender of President Trump’s personal interests...Also on Wednesday, retired New York federal judge John Gleeson filed his amicus brief at the invitation of U.S. District Judge Emmet G. Sullivan on whether to accept the Justice Department’s decision to dismiss the charges against former national security adviser Michael Flynn — for which Flynn had already pleaded guilty — concerning his lies to the FBI about his conversations with the Russian ambassador Sergey Kislyak during the 2016 transition...Gleeson’s brief receives widespread praise from legal experts. “It is thorough, careful, precise, candid, utterly devastating as a legal matter, and not in the least bit overstated,” constitutional scholar Laurence H. Tribe tells me. “No judge who rules against the position articulated in this brief can possibly retain the respect of his or her peers.” Tribe continues, “As this amicus brief meticulously demonstrates beyond any reasonable doubt, a decision in favor of DOJ in this case would have to be ‘based solely on the fact that Flynn is a political ally of President Trump.’ I cannot recall reading a more compelling or more obviously irrefutable legal submission in years.” Finally, Tribe adds, “If I had been a lawyer on the other side of this matter, I’d be thoroughly ashamed of myself.”
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Protests in a Pandemic
June 11, 2020
A podcast by Noah Feldman: Dr. Manisha Juthani, an infectious disease specialist and associate professor of medicine at Yale School of Medicine, provides tips for protesting safely and explains why she chose to participate.
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An article by Jack Goldsmith: In recent months, President Trump has fired or removed five inspectors general and sought to replace at least four of them with officials he perceives to be more loyal. Members of Congress have responded with bills to check the president through “for-cause” removal restrictions on inspectors general. I argued in the Washington Post last week that these efforts might not be constitutional and are destined to fail in any event. A better approach, I maintained, is for Congress to limit the president’s discretion to temporarily fill vacant inspector general slots either to someone already confirmed for an inspector general position in another agency or to a senior career official in the agency’s Office of Inspector General. This post explains why this and similar approaches are clearly constitutional. The Constitution specifies two basic paths for the president to appoint officers: the Appointments Clause, which requires Senate advice and consent; or the Recess Appointments Clause, which requires that the Senate be in recess. The executive branch has taken different positions (pp. 4-7) on how much authority Congress has to specify qualifications for these offices. In recent decades, it has taken a particularly narrow view of Congress’s authority. Notably, then-head of the Office of Legal Counsel (OLC) William Barr’s 1989 memorandum on “Common Legislative Encroachments on Executive Branch Authority” criticized qualification requirements and stated that the “only congressional check that the Constitution places on the President’s power to appoint ‘principal officers’ is the advice and consent of the Senate.” One can expect the Barr Justice Department in 2020 to hold this view.
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Can the Constitution Reach Trump’s Corruption?
June 10, 2020
An article by Jeannie Suk Gersen: In the more than two hundred and thirty years since the Constitution was ratified, no lawsuit had attempted to enforce its anti-corruption provisions—until the Presidency of Donald Trump. Two previously obscure provisions of the Constitution, known as the emoluments clauses, aim to prevent public officials from being improperly beholden to foreign and domestic governments. One, the foreign-emoluments clause, requires a person holding a federal “office of profit or trust” to get Congress’s consent before accepting any “emolument”—an advantage, gain, or profit—from a “foreign state.” The other, the domestic-emoluments clause, prohibits the President in particular from receiving any “emolument” from the federal government or from a state, other than the preset standard salary for the job of President. Previous Presidents did not present the need for courts to interpret these clauses’ meaning. And, for the same reason that Trump is so different from other Presidents—his brazen disregard of legal norms—several lawsuits claiming that he is violating the emoluments clauses may end up forcing the unfortunate recognition that the Constitution’s anti-corruption measures are ineffectual when most needed.
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Education Secretary Betsy DeVos is being sued again. This time she’s the target of a class action brought by student borrowers who say she’s illegally limiting the amount of debt relief they should get under federal law. The suit, filed by the Project on Predatory Student Lending at Harvard Law School and the Public Citizen Litigation Group, challenges a policy change DeVos issued last year. Before this change, defrauded student borrowers could get full debt relief, but now DeVos is only allowing partial forgiveness. Under the Higher Education Act, the “borrower defense” rule allows the Secretary of Education to discharge debt from schools that defrauded students. Instead of forgiving the entire debt a student took on to attend a school that defrauded them, the new policy would only forgive a portion based on what their predicted earnings were, according to a formula proposed by the Department. This formula would impact students seeking debt forgiveness after for-profit schools like ITT Tech and Corinthian Colleges defrauded them. When DeVos and the Department of Education proposed the new policy, she defended the formula as “scientifically robust” in a House Committee of Education and Labor hearing. But academics and policy analysts soon poked holes in the formula.
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Stock Market News: US Senate Wants To Delist Chinese Companies, Expert Warns Of ‘Backfire’
June 10, 2020
An attempt by the Senate to prevent China from using American investments in Chinese firms against the United States might prove to be self-defeating in the long run. Already an epicenter of anti-Chinese communist sentiment, the Senate on May 20 overwhelmingly approved the "Holding Foreign Companies Accountable Act (S. 945)," a bill that might lead to Chinese firms being barred from listing on U.S. stock exchanges. The bill will require foreign companies doing business in the U.S. to certify they’re not controlled by their governments. They will also have to submit to audits by U.S. regulators for three consecutive years...The intent of S.945 is laudable but the real world application might not redound to the benefit of the U.S., contended Jesse Fried, a professor of law at the Harvard Law School. “So, I think in terms of protecting American investors, this bill if it becomes law, could backfire” and might also hurt Wall Street, warned Fried. He told CNBC he's “not sure that this bill ... will actually make American investors better off" because there’s a good chance Chinese firms will stop trading on Wall Street after three years if the bill becomes law...Fried also noted not much can be done to protect the interests of American investors in Chinese firms. He believes there’s “good reason” to think S. 945 won’t be signed into law because of staunch Wall Street opposition. “Unfortunately, I think that money that American investors have already paid for stocks in Chinese companies -- especially money that’s gone back to mainland China -- is basically money that these people may never see again. But there’s not really that much you can do to protect them at this point."
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Amid Pandemic, New Research Provides a Roadmap to Fight Hunger and Climate Change through Increased Food Donation
June 10, 2020
Today, the Harvard Law School Food Law and Policy Clinic (FLPC) released a first-of-its-kind interactive resource to inspire long-term policy solutions to food waste, hunger, and climate change: The Global Food Donation Policy Atlas. In partnership with The Global FoodBanking Network (GFN), and with the support of the Walmart Foundation, The Global Food Donation Policy Atlas maps the laws and policies affecting food donation around the globe and provides recommendations to prevent unnecessary food waste and improve food distribution to those in need. The research released today focuses on Argentina, Canada, India, Mexico, and the United States, the first five of 15 countries participating in this project...The Global Food Donation Policy Atlas looks at six main barriers to food recovery: food safety for donations, date labeling, liability protection for food donations, tax incentives and barriers, government grants and funding, and food waste penalties or donation requirements. It identifies several opportunities for governments to prevent unnecessary waste and to promote food donation... “It’s more important than ever for policymakers, government agencies, food donors, companies, food banks, and the public to understand the impact of unnecessary food waste in their countries and the need to change it,” said Emily Broad Leib, Faculty Director at FLPC and Clinical Professor of Law at Harvard Law School. “The Global Food Donation Policy Atlas is the first research study to compare food donation policies and best practices across the world, providing us with the global perspective we need to address this complex issue,” Broad Leib concluded.
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Democrats’ sweeping proposal this week to curb police violence against minorities doesn’t address what’s drawn criticism from Black Lives Matter activists and management-side attorneys: union contracts that shield officers who use lethal force. Activists have begun to focus on collective bargaining agreements that allow accused officers to resolve their complaints through arbitration behind closed doors; wait 48 hours after a lethal incident before being questioned by police, often with an attorney and a union representative present; and access information on evidence and witnesses that wouldn’t be available to civilians. The calls for reform follow days of global protests over the death of George Floyd, an unarmed, restrained black man, after a Minneapolis officer knelt on his neck for almost nine minutes. Other videos of police violence—including an incident in Buffalo, N.Y., in which a protester was injured after being pushed to the ground—are going viral...It’s not uncommon for union contracts to require a waiting period, typically 24 or 48 hours, between an incident and the time an officer is interviewed. This allows officers to meet with an attorney and union representatives, who are usually present during questioning, said Benjamin Sachs, the faculty codirector of the Labor and Worklife Program at Harvard Law School. “It allows officers time to develop a strategy to avoid accountability,” Sachs said.
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Scammed borrowers sue Betsy DeVos, alleging she illegally limited student-loan cancellation
June 10, 2020
Students who’ve been scammed by their schools are being illegally cheated again — this time out of the loan cancellation that they’re entitled to, a new lawsuit alleges. A group of student-loan borrowers filed a class-action lawsuit Tuesday accusing Secretary of Education Betsy DeVos and her department of illegally limiting the amount of relief student-loan borrowers who were misled by their schools receive...In some cases, borrowers who the agency agrees were lured by false promises into taking on high levels of student-loan debt are having just 10% of their loan balances cancelled, the lawsuit alleges. The borrower defense rule is “supposed to be about cancelling debt and providing appropriate relief to people who have been cheated,” said Toby Merrill, the director of Harvard Law School’s Project on Predatory Student Lending, which is representing the students. The partial relief version of the rule that the Department of Education is currently using is “so clearly not designed for that,” Merrill said...A borrower only receives full debt relief if the median earnings of their program is in the lowest 2.5% of comparable programs. “This formula was engineered to give the least possible relief to borrowers,” Merrill said. By solely using similar programs as a basis for comparison, the rule uses as a metric the earnings of other mostly for-profit college students who may have been subject to similar harm, Merrill said. “If the truth is there was pervasive wrongdoing and misrepresentation, the fact that everyone was lied to doesn’t excuse that,” Merrill said. In addition, the rule fails to take into account other factors that would be key to determining whether a borrower was harmed by their school, including the amount they borrowed. The focus on earnings, is “trying to measure a sense of economic security or well-being,” Merrill said. “That of course depends on other things, but most obviously relevant here, is how much debt you have.”
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Qualified Immunity Suggests Police Are Above the Law
June 10, 2020
An article by Noah Feldman: The Justice in Policing Act of 2020 introduced by House Democrats this week contains a provision that is likely to become the subject of lively debate: The provision effectively eliminates the legal defense known as “qualified immunity” for state and local police who get sued for violating citizens’ civil rights. The proposal is extremely important from a symbolic perspective. The Supreme Court has used the doctrine in recent years to send a message to lower courts that it wants less litigation against police. Now is the time for Congress to send the opposite message. Lawmakers should make it clear that police should not be “immune” from responsibility when they break the Constitution. The doctrine of qualified immunity muddies the principle of equal justice under law. Nor is qualified immunity contained in the text of any federal statute. It was invented by the Supreme Court in a series of cases, most importantly the 1982 decision of Harlow v. Fitzgerald. The basic idea of the doctrine is to create an exception to the important civil rights statute known as Section 1983. That law, whose origins date back to 1871, says that a state or local government official who violates a citizen’s constitutional rights “under color of law” can be sued in federal court and held liable for monetary damages. Essentially, qualified immunity says that you can only win a suit under Section 1983 if you can prove that the official’s conduct violated clearly established federal law.
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IBM is getting out of the facial recognition business, saying it's concerned about how the technology can be used for mass surveillance and racial profiling. Ongoing protests responding to the death of George Floyd have sparked a broader reckoning over racial injustice and a closer look at the use of police technology to track demonstrators and monitor American neighborhoods. IBM is one of several big tech firms that had earlier sought to improve the accuracy of their face-scanning software after research found racial and gender disparities. But its new CEO is now questioning whether it should be used by police at all...IBM's decision to stop building and selling facial recognition software is unlikely to affect its bottom line, since the tech giant is increasingly focused on cloud computing while an array of lesser-known firms have cornered the market for government facial recognition contracts. “But the symbolic nature of this is important,” said Mutale Nkonde, a research fellow at Harvard and Stanford universities who directs the nonprofit AI For the People. Nkonde said IBM shutting down a business “under the guise of advancing anti-racist business practices” shows that it can be done and makes it "socially unacceptable for companies who tweet Black Lives Matter to do so while contracting with the police.”
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Immunity Doctrine Often Shields Police From Lawsuits
June 10, 2020
Three days after George Floyd was killed in the custody of Minneapolis police, the Supreme Court’s justices met privately to consider a raft of long-pending appeals asking them to review a legal doctrine that makes it difficult for many victims of abusive policing to sue the perpetrators. The timing was coincidence, and the court has taken no action on the petitions. But the multitude of cases—including one from Minneapolis—underscores the power of qualified immunity, a rule the Supreme Court recognized in 1967, and later strengthened, to protect officials from the threat of litigation for most law-enforcement actions...Congress in 1871 prohibited state and local officials from violating an individual’s civil rights, during its drive to protect newly free African-Americans from repression in the South...The qualified-immunity doctrine emerged nearly a century later, when in 1967 the Supreme Court said clergymen arrested in 1961 for refusing to leave a bus terminal’s whites-only waiting room in Jackson, Miss., couldn’t sue police officers for violating their rights, since Mississippi’s segregated bus terminals weren’t found unconstitutional until 1965...A turning point came in a 1982 case, Harlow v. Fitzgerald, when the court dismissed a case filed by a former Air Force official alleging that Nixon White House aides fired him for exposing “shoddy purchasing practices.” The decision, by Justice Lewis Powell, freed official defendants from having to demonstrate they acted in good faith, a requirement he said permitted too many “insubstantial claims” to move forward. “Part of Powell’s concern was that police officers might hesitate when they shouldn’t hesitate just out of fear of personal liability,” said Harvard law professor Richard Fallon, who as a law clerk helped the justice draft the Harlow opinion. But the doctrine doesn’t operate “the way Powell thought it operated” because in practice officers don’t pay judgments themselves—police departments do, Mr. Fallon said. “If the officers have immunity, de facto you get immunity for police departments,” he said.
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The Barriers to Reform
June 10, 2020
A podcast by Noah Feldman: Paul Butler, a law professor at Georgetown, a former federal prosecutor and the author of the book "Chokehold: Policing Black Men," on policing, George Floyd, and the Black Lives Matter movement.
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Bill to delist Chinese companies may disadvantage U.S. investors, says Harvard law professor
June 9, 2020
Under a new bill, passed by the U.S. Senate last month, Chinese firms risk being delisted from U.S. stock exchanges if they don't adhere to U.S. audit standards. But, if the law is passed, it's unclear if U.S. investors will be left "better off," says Jesse Fried, a professor of law at the Harvard Law School.
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In the special wards of Shanghai’s Public Health Clinical Center, nurses use smart thermometers to check the temperatures of COVID-19 patients. Each person’s temperature is recorded with a sensor, reducing the risk of infection through contact, and the data is sent to an observation dashboard. An abnormal result triggers an alert to medical staff, who can then intervene promptly. The gathered data also allows medics to analyze trends over time. The smart thermometers are designed by VivaLNK, a Silicon-Valley based startup, and are a powerful example of the many digital products and services that are revolutionizing healthcare. After the Internet of Things, which transformed the way we live, travel and work by connecting everyday objects to the Internet, it’s now time for the Internet of Bodies. This means collecting our physical data via devices that can be implanted, swallowed or simply worn, generating huge amounts of health-related information...But today, all sorts of seemingly non-sensitive data can also be used to draw inferences about your health, through data analytics. Glenn Cohen, a professor at Harvard Law school, told me in an interview that even data that is not about health at all, such as grocery shopping lists, can be used for such inferences. As a result, conventional regulations may fail to cover data that is sensitive and private, simply because it did not look sensitive before it was processed.
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The Trump administration has expressed little concern over climate change as it pursues its goal of American dominance in the energy market. Federal judges say it should be concerned. At least six times since President Donald Trump took office, courts have rebuked the Interior Department for selling drilling rights or advancing oil projects without adequately considering the consequences to a warming planet. The decisions have jeopardized high-stakes oil development plans across more than a million acres of federal land...The latest climate-related defeat came in May, when Montana-based U.S. District Court Judge Brian Morris tossed out 287 oil and gas leases spanning 145,063 acres in the state more than two years after the federal government sold those drilling rights. Morris said the Interior Department’s Bureau of Land Management failed to adequately scrutinize the consequences of its decision making, even though courts have consistently said such a “hard look” is required under the National Environmental Policy Act...Since Congress hasn’t revised the underlying, 50-year-old National Environmental Policy Act, all of its requirements remain on the books. And courts have been clear that the law requires a hard look at the cumulative effects of their actions, including greenhouse gas emissions, said Hana Vizcarra, staff attorney at Harvard University’s Environmental and Energy Law Program. “We’ll see how much the change of regulation will shift that,” she said
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Floyd killing shows police unions abuse power. We need radical reform: Former union lawyer
June 9, 2020
An article by Benjamin Sachs: Among the many outrages in the death of George Floyd is this one: Derek Chauvin, the police officer who killed Floyd, had been the subject of at least 17 misconduct complaints and yet he remained an armed member of the Minneapolis Police Department. How does that happen? Part of the answer is the collective bargaining agreement reached between the police department and Chauvin’s union. Like other such police agreements, the one in Minneapolis gives cops extraordinary protection from discipline for violent conduct. It mandates a 48-hour waiting period before any officer accused of such conduct can be interviewed, a common delay and a luxury not afforded even to criminal suspects and one that allows officers time to develop a strategy to avoid accountability. Like many police contracts, including those in Baltimore, Chicago and Washington, D.C., the Minneapolis agreement also requires the expungement of police disciplinary records after a certain amount of time. Under the Minneapolis police contract, any disciplinary action that does not result in punishment must be removed from an officer’s record. Even in cases where an officer is fired for misconduct, the agreement requires an appeals process that frequently leads to reinstatement, especially if the investigating agency has committed procedural errors. Police collective bargaining agreements, in short, insulate cops from discipline.