New York, January 28, 2013—Columbia Law School announces the launch of The CLS Blue Sky Blog, Columbia Law School’s Blog on Corporations and the Capital Markets. The CLS Blue Sky Blog offers analysis of noteworthy developments in the worlds of financial reform, securities regulation, corporate governance, and more. It also collects in a special column—called the “Filter”—each business day’s five most interesting news items or blog posts.
While the “Blue Sky” name derives from the title given to state securities laws, which are known as “blue sky laws,” the blog's moniker is meant to broadly evoke the history of all securities laws, the spirit of transparency (as memorialized in Justice Louis Brandeis’s famous quote, “… sunlight is said to be the best of disinfectants …”), and the possibility of more speculative, free-ranging discussion that is not confined by the specific concerns of clients. Finally, blue is the color of Columbia University.
The CLS Blue Sky Blog is the brainchild of Columbia Law School's John C. Coffee Jr., the Adolf A. Berle Professor of Law and director of the Center on Corporate Governance. The blog has already become a platform for commentary in the ongoing debate over the effectiveness of SEC enforcement in the aftermath of the 2008 financial crisis.
“We are hoping for an interactive dialogue among the bar, academia, and regulators that can range from technical issues to broader theoretical issues that may rise up into the blue sky,” said Coffee.
Bruce Carton, a former senior counsel in the SEC's Division of Enforcement and now a columnist with Compliance Week, already chose Coffee’s January 16th CLS Blue Sky Blog post, “SEC Enforcement: Rhetoric and Reality,” as one of the best columns from the week ending Jan. 18.
Jason W. Parsont '07, editor-at-large of the CLS Blue Sky Blog
The CLS Blue Sky Blog is edited and managed by Jason W. Parsont ’07, a former corporate and securities law practitioner who is currently a lecturer-in-law and a post-doctoral research scholar.
The CLS Blue Sky Blog is particularly designed to be a resource and a discussion forum for corporate attorneys, journalists, and academics alike. The blog features original and aggregated commentary from a diverse range of contributors and guest writers on subjects such as the Dodd-Frank Act, securities regulation, mergers and acquisitions, finance and economics, corporate governance, and related international developments.
The blog also features a keyword searchable library of memos from leading law firms on relevant topics. Memos from Cleary Gottlieb Steen & Hamilton, Davis Polk & Wardwell, and Sullivan & Cromwell are currently available. The blog also includes the choice of a daily or a weekly email newsletter that readers can tailor by sub-topic to their own personal preferences.
Regular contributors and members of the blog’s editorial board include Professor Coffee; Edward F. Greene, a lecturer-in-law who is also senior counsel at Cleary Gottlieb and a former general counsel of the SEC; Professor Robert J. Jackson, Jr., a former practitioner and adviser in the Department of the Treasury who studies executive compensation and corporate governance matters; and Professor Kathryn Judge, a former corporate attorney whose research examines financial institutions and markets.
The CLS Blue Sky Blog’s advisory board, which is still in formation, consists today of Columbia Law School alumni: Eduardo Gallardo ’99 of Gibson, Dunn & Crutcher, Margaret E. Tahyar ’87 of Davis Polk & Wardwell, and Professor Charles K. Whitehead ’86 of Cornell University Law School.
Follow CLS Blue Sky Blog on Twitter: @clsblueskyblog
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