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 11, 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 2002-03 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 affirmative action, 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.
Major League Baseball officials have issued a seven-game
suspension against Sammy Sosa. The Cubs' outfielder
was supposed to miss eight games for using a corked
bat during a June 3 game against the Devil Rays. Baseball
CEO Bob DuPuy cited Sosa's "contrition"
and "candor" in the decision to reduce suspension
period. League rules prohibit players from altering
their bats beyond major-league specifications. But
sports attorney and adjunct professor Eldon L.
Ham says, "Over the decades, players have
pounded nails into their bats, soaked them in motor
oil or alcohol, and even stored them in piles of cow
dung -- the latter no doubt producing a 'major league'
fragrance." Professor Ham, author of The
100 Greatest Sports Blunders of All Time, is
available for interviews.
ImClone Systems, Inc. founder Sam Waksal was sentenced
Tuesday to more than seven years in prison for insider
trading. Waksal must also pay more than $4 million
in fines and back taxes. His sentencing comes one
week after his friend Martha Stewart was indicted
on federal securities fraud and obstruction of justice
charges as a result of her sale of nearly 4,000 shares
of ImClone stock. Stewart, who sold the stock one
day before the company announced that the FDA had
rejected its application for approval of a cancer
drug, 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 Illinois Institute of Technology's
Center for Law and Financial Markets can explain what
stop-loss orders are and how they can be used by investors.
"Wind turbines have the potential to create
clean and reliable sources of energy," says
Professor George
P. Nassos, director of Stuart Graduate School
of Business' Center for Sustainable Enterprise. He
is overseeing a team IIT students from a variety of
disciplines -- business, engineering, architecture,
physics, molecular biology and biophysics -- who are
examining business, logistical and environmental issues
related to the installation of a small wind turbine
in Chicago this year. Professor Nassos is available
for interviews about the project.
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.
Chicago-Kent's Pre-Law Undergraduate Scholars program
(PLUS). More than two dozen undergraduate students
interested in careers in law are participating in
a special four-week session. The program, funded by
a grant from the Law School Admission Council to increase
diversity, is geared toward students from underrepresented
groups. Currently enrolled in Big Ten universities,
historically black colleges and universities, Washington
University in St. Louis, St. Mary's University and
New York University, the students are taking courses
adapted from the law school's curriculum. They are
visiting courts and are learning about the law school
admissions process. Near the end of the program the
students will participate in a mock trial and complete
a one-day "internship" in a legal setting.
Michael S. Burns, assistant dean for admissions,
is available for interviews about the program, which
ends June 27.
Trader DNA. Professor David Norman, director of the market technology
program at IIT's Center for Law and Financial Markets,
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 "Trader DNA"
project.
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 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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