Word: legalism
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Dates: during 2000-2009
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...same might be said of its stance toward corporate transparency. The Chamber successfully sued the Securities and Exchange Commission five years ago to block a requirement that 75% of mutual funds' boards be independent. And another legal battle seems likely to be brewing over the new SEC Commissioner's interest in pushing to allow shareholders to nominate independent members to corporate boards. "They will accept all kinds of stimulus funds and bailouts but God forbid we should ask for any kind of accountability in return," says Nell Minow, co-founder of Corporate Library, a corporate governance research firm...
...things change. The library project is now embroiled in a ferocious legal free-for-all spanning the globe. At the battle's heart is Google's year-old settlement with groups representing authors and publishers who sued the company over its plans to digitize and copy books. In response to complaints by the settlement's many opponents, a federal judge in New York has asked Google to revise the settlement by Nov. 9. After that, opponents and the Department of Justice (DOJ) will carefully scrutinize the new deal...
...deal benefit the public along with authors and publishers, while providing only minimal profit to Google? Or will it chart the course for future digital publishing and nudge Google ahead of rivals in the infancy of an emerging and potentially lucrative business? It is suspense worthy of a legal thriller - and Scott Turow is among the settlement's supporters...
...monopoly cartel controlling the future of digital publishing. "They have worked very hard to create the impression that this is like a freight train, and if you want to stand in front of it, you'll get run over," Gary Reback, an antitrust attorney who penned the legal brief for the Open Book Alliance, told TIME. (See the 100 best novels of all time...
Last month the DOJ dropped perhaps the biggest bombshell. While saying that the settlement could breathe life into millions of unavailable works, the government also said the deal raised "significant legal concerns," and was the target of an antitrust probe...