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For more information, please contact:
Gwen Osborne, director of public affairs, (312) 906-5251

ADVISORY TO PRODUCERS, COLUMNISTS AND ASSIGNMENT, LEGAL, PLANNING, BUSINESS, AND DAYBOOK EDITORS

CHICAGO-- June 4, 2003--Chicago-Kent College of Law, the Stuart Graduate School of Business and the Center for Law and Financial Markets have experts available to discuss current issues. To reach any of our experts, call Gwen Osborne, director of public affairs, at (312) 906-5251. Copies of press releases and earlier advisories are available on our Web site: http://www.kentlaw.edu/news/

The U.S. Supreme Court's 2002-2003 term is coming to an end. The High Court still has several rulings on key legal issues to hand down. The Justices will rule on cases involving commercial speech, sodomy laws, prosecuting child molesters, and limiting children's access to the Internet in schools and libraries. Professor Sheldon Nahmod is available for interviews about key decisions and themes of this term.

Sosa uncorked. Major League Baseball officials have collected every bat in Sammy Sosa's locker to determine whether the Chicago Cubs' player has more corked bats. Sosa used a corked bat during Wednesday's game between the Cubs and the Devil Rays. League rules prohibit players from altering their bats beyond major-league specifications. Sports attorney and adjunct professor Eldon L. Ham is author of The 100 Greatest Sports Blunders of All Time. Professor Ham is available for interviews.

Martha Stewart has been indicted on federal charges of securities fraud and obstruction of justice as a result of her sale of nearly 4,000 shares of ImClone Systems Inc. stock in 2001. Stewart sold the stock one day before that company announced that the FDA had rejected its application for approval of a cancer drug. Legal experts are available to discuss the case.

What is a stop-loss order? Martha Stewart claims she has done nothing wrong and that there was a stop-loss order with her broker to sell her shares once the price reached a set level. Professor Keith Black of the Center for Law and Financial Markets can explain what stop-loss orders are and how they can be used by investors.

Martha Stewart Living Omnimedia (MSO), which is traded on the New York Stock Exchange, includes Stewart's television and radio programs, publishing interests and several joint venture agreements. What will her indictment mean for Martha Stewart's personal brand? Stuart Graduate School of Business professor Joel Goldhar is available to discuss personal branding issues. Professor Goldhar can also talk about corporate ethics and professional responsibility issues.

What will the Fed do next? Stuart Graduate School of Business professor Robert Laurent, a former economist with the Federal Reserve Bank of Chicago, is available for interviews.

Illinois Attorney General Lisa Madigan will address participants at Chicago-Kent's 22nd annual Conference on Not-For-Profit Organizations on June 6. The attorney general is expected to discuss the role of her office's Charitable Trust Bureau in promoting legitimate charitable contributions and regulating Illinois' charities, as well as the recent landmark U.S. Supreme Court victory Madigan v. Telemarketing Associates, Inc., and her experiences volunteering in the non-profit world. (See below.)

Chicago-Kent's PreLaw Undergraduate Scholars program (PLUS) began this week. More than two dozen minority undergraduate students interested in careers in law will participate in the special four-week session. Currently enrolled in Big Ten universities, historically black colleges and universities (HBCUs), Washington University in St. Louis , St. Mary's University and New York University, the students will take courses adapted from the law school's curriculum, hear guest speakers, and learn about the law school admissions process. The students will also visit courts, participate in a mock trial and complete a one-day "internship" in a legal setting. Nicole Gerenstein, assistant director of multicultural affairs, is available for interviews about the program, which ends June 27.

1938 World Series Redux? The New York Yankees will play the Chicago Cubs in Wrigley Field this weekend for the first time since their face off in the 1938 World Series. Fans will see the Yankees' Roger Clemens attempt to win his 300th game in a pitching duel against the Kerry Wood of the Cubs. Meanwhile, Yankee owner George Steinbrenner is complaining that the current interleague game schedule is unfairly drawn. Sports attorney and adjunct professor Eldon L. Ham has anecdotes about Cubs-Yankee rivalry including the 1932 World Series in which Babe Ruth hit his famous "called-shot home run." Professor Ham can also talk about interleague play.

IIT's Center for Law and Financial Markets (CLFM) established a virtual trading laboratory in May of 2002 to teach graduate students and market professionals automated trading. Professor David Norman, director the center's market technology program, is studying trader activity to learn how decisions are made. Professor Norman is the author of Professional Electronic Trading and Trading at the Speed of Light. He is available to talk about the trading laboratory, and the "Trader DNA" project and to schedule a media demonstration of the lab.

In the Faculty Spotlight:

Professor Evelyn Brody is a tax law expert and an active participant in the nonprofit tax policy debate. Her scholarly publications have examined the tax treatment of education, the economic and institutional similarities between nonprofit and for-profit organizations, charitable endowments, the direct and indirect effects of tax reform on charities, the limits of nonprofit fiduciary law, the constitutional bounds of the right of association, and the enforcement powers of the IRS and state attorneys general. She recently was named a reporter for a new American Law Institute project, Principles of the Law of Nonprofit Organizations. She is editor and co-author of Property-Tax Exemptions for Charities: Mapping the Battlefield. To read more about Professor Brody and her work, visit www.kentlaw.edu/faculty/spotlight.

On the Downtown Campus:

June 6: 22nd annual Conference on Not-For-Profit Organizations. This one-day seminar is presented by a faculty of leading organization executives, attorneys, accountants and government officials. The program will include sessions on new developments in taxation, legislation and regulations of non-profits. Highlights include: Implications of Sarbanes-Oxley for Best Practices in Not-For- Profits, Update from the Illinois Attorney General's Office, Forensic Accounting and Employee Fraud, Common Errors on Financial Statements, Retirement Plans in Today's Uncertain Climate, and Top 10 Financial Mistakes Non-Profit Organizations Make and Can Avoid. For more information, call (312) 906-5090. To register on line visit www.kentlaw.edu/depts/cle/nfp.

June 19-20: Third Chicago/Midwest Renewable Energy Workshop. IIT researchers, experts from Stuart Graduate School of Business' Center for Sustainable Enterprise, and representatives from business and government will discuss ways to harness power and profit from the sun, wind and other renewable sources of energy. For more information contact Professor Said Al-Hallaj at (312) 567-5118.

 





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