News Archive

Tuesday, February 19, 2019
Professor Steven Bank’s paper on pay ratio was featured in Financial Times’ Agenda.

Monday, February 11, 2019
Professor Steven Bank was cited on CFO on how the CEO pay ratio rule is “disclosure by soundbite.”

Friday, February 8, 2019
Professor Steven Bank Cited in Bloomberg on CEO Pay Ratio Disclosure Requirement.

Friday, February 8, 2019
UCLA Law establishes Zolt Chair in Tax Law and Policy.

Tuesday, February 5, 2019
Professor Steven Bank commented in SoccerEsq on ‘Exceptional Circumstances’ as stipulated in FIFA statute.

Friday, February 1, 2019
Professor Steven Bank talked to Agenda on a revoked job offer due to make-whole pay.

Wednesday, January 30, 2019
Professor Lynn LoPucki was cited in S.F. Chronicle on how creditors are given priority in bankruptcy cases.

Tuesday, January 29, 2019
Professor Lynn LoPucki commented in The New York Times on the PG&E bankruptcy.

Thursday, January 24, 2019
Professor Steven Bank commented in Law360 on the final regulations for the Tax Cuts and Jobs Act.

Monday, January 14, 2019
Professor Lynn LoPucki commented in Reuters on the costs of going broke in light of the Sears bankruptcy.

Monday, January 14, 2019
Professor Iman Anabtawi spoke with Agenda on directors losing their chancery shield amid a “regulatory storm.”

Tuesday, January 8, 2019
Professor Lynn LoPucki commented in S.F. Chronicle on the outcome for customers should PG&E go bankrupt.

Friday, December 14, 2018
Professor Dan Bussel commented in Bloomberg on disclosure rules for bankruptcy cases.

Friday, December 14, 2018
Professor James Park was featured in The Recorder on finding balance in the cryptocurrency debate.

Monday, December 10, 2018
Professor Steven Bank was cited by Statesman on legal win to help MLS Columbus Crew move to Austin.

Monday, October 15, 2018
Professor Steven Bank was quoted by Law360 on ways sports team owners might avoid limitations in tax regulations.

Thursday, October 11, 2018
Professor Steven Bank was cited in a Wall Street Journal article on the attempt by MLB owners to fight a proposed tax regulation.

Monday, October 8, 2018
SALT in the Wounds: Kirk Stark Leads National Response to Federal Tax Law

Wednesday, September 12, 2018
The application for the American College of Bankruptcy – 9th Circuit Negotiation Competition is now available. UCLA School of Law students who are interested in participating should fill out the form and submit it by October 5, 2018.

Monday, August 27, 2018
Professor Steven Bank was quoted in Agenda Week on Potential Efficacy of Proposal to Limit Executive Pay.

Tuesday, July 24, 2018
Professor Kirk Stark was quoted in Politico’s “Morning Tax” column on the current State and Local Tax (SALT) cap, suggesting that the increasing partisanship in the U.S. could cloud the forecast for a lawsuit, noting that constitutional challenges to the Affordable Care Act that were originally laughed off ended up coming very close at the Supreme Court. “It would be an uphill battle to get a court to declare the new SALT limit unconstitutional.”

Wednesday, July 18, 2018
Professor Kirk Stark was quoted in a Los Angeles Times article about a dispute between Republicans in Washington and various states – including red ones such as Alabama, Georgia, South Carolina and Louisiana – and Democratic-controlled states such as California, over charitable tax-credit programs.

Monday, June 18, 2018
Agenda, the Financial Times’ magazine for U.S. corporate directors, published an Opinion, “Time to Seriously Reconsider Director Compensation,” by senior fellow Jim Barrall in which he discusses last December’s Delaware Supreme Court decision in In re Investors Bancorp and its implications for non-employee director compensation plans. According to him, the case was decided too late for most companies to consider fundamentally restructuring their plans in time for shareholder votes in 2018. However, Barrall argues, companies now have ample time and new reasons to seriously consider amending their plans before their 2019 shareholder meetings in order to rely on the decision by further limiting the discretion of directors to determine their compensation.

Tuesday, June 12, 2018
Professor Steven Bank was cited in the Philadelphia Inquirer in an opinion piece about the politics behind World Cup Soccer, and North America’s bid to host the 2026 World Cup. Banks commented on the parallels between America’s moral crisis and its soccer crisis.

Wednesday, May 9, 2018
Professor Steven Bank spoke with The Columbus Dispatch on Franklin County Court of Common Pleas Judge Jeffrey Brown’s institution of a 90-day pause on the lawsuit initiated by the state of Ohio and the city of Columbus against Major League Soccer team, Crew SC, which wants to move to Austin, Texas.

Thursday, May 3, 2018
Lecturer Neil Wertlieb talked to NBC News about a Non-Disclosure Agreement which is at the heart of a legal dispute involving President Trump and adult film star, Stormy Daniels.  “If both parties to an NDA are making promises to the other party, it’s important that they are both signatories to the contract,” said Wertlieb, noting that Trump never signed the NDA he has with Daniels. “For them to be absent a signature, it’s hard to say that commitment made by somebody in the contract is binding to the other party.”

Thursday, May 3, 2018
Professor Steven Bank was quoted in the Austin-American Statesman on a lawsuit filed by officials from Ohio and the City of Columbus aimed at keeping Major League Soccer team Columbus Crew SC in the Ohio capital.  Ohio and Columbus cited an untested statute as justification for blocking the team from moving to Austin, Texas.  “It’s clear that Ohio intends to vigorously defend the statute,” said Bank.

Monday, April 23, 2018
Professor Steven Bank spoke with the Austin-American Statesman on Columbus Crew owner’s strike back at an Ohio lawsuit aimed at keeping the team from possibly moving to Austin. Bank comments that who actually owns the team is a central theme that could hold the most weight of any single issue in the case. “In some ways, it’s the fundamental issue in the case. It’s kind of getting at this question of: Are ownership rights a local thing in Columbus regulating locally, or (is Ohio) trying to really interfere with this sort of vast national network of people and investors and intangible rights?” Bank says.

Thursday, April 19, 2018
The Daily Bruin recognized two UCLA Law students, Mac Kennedy and Mary Vu, for winning first place at the Lowell Milken Institute-Sandler Prize for New Entrepreneurs event on April 11th. Kennedy and Vu’s startup company, “Mote,” works to recycle carbon dioxide emissions from vehicles into plastic.

Tuesday, April 17, 2018
The Washington Post quoted Jim Barrall, Senior Fellow in Residence at the Lowell Milken Institute for Business Law and Policy, in an article about Facebook’s disclosure of CEO Mark Zuckerberg’s security expenses. In 2017, the company spent $8.8 million to protect Zuckerberg’s overall safety, a figure that is significantly higher than what most high-profile companies have spent on their CEOs. “He’s the founder and face of that company, and has been the subject of specific threats,” explained Barrall. “If I were on the board, I would want him protected 24/7.”

Thursday, March 29, 2018
A new report by Lowell Milken Institute on Business Law and Policy Faculty Director James Park about the state of large law firms in Los Angeles was the focus of an article in The Recorder. “I think that the market is recovered in many respects from 2008,” said James Park, faculty director at the Lowell Milken Institute. “In terms of the number of lawyers, the largest firms seem to be getting smaller for a number of reasons. One, firms are becoming more national. They might be allocating resources to offices in other cities. Secondly, the business of law has become more efficient as technology improves and there is greater pressure to reduce legal costs.”

Thursday, March 29, 2018
UCLA School of Law’s Lowell Milken Institute for Business Law and Policy has issued a new report that assesses changes to the Southern California legal market since the economic downturn of 2008. The report, “Law Firms in Los Angeles After the Financial Crisis,” was authored by professor James Park, faculty director of the Lowell Milken Institute.

Wednesday, March 14, 2018
Professor Steven Bank was featured on the Sports Podcasting Network’s segment, “Soccer Today!” to discuss his article “Will U.S. Soccer be Forced to Adopt Promotion and Regulation,” which was recently published in the Journal of Legal Aspects of Sport. Bank’s article, as well as his interview, discusses a case that is being heard by the Court of Arbitration for Sport in Lausanne, Switzerland that seeks a ruling requiring FIFA to enforce a promotion and regulation requirement for soccer leagues in the United States. Listen to the Podcast.

Monday, March 12, 2018
Professor Iman Anabtawi spoke with The Seattle Times about the Nordstrom family group’s proposition to take the Seattle retailer private—an offer that was rejected by the company’s independent directors last week. Although the Nordstrom family’s offer represented a 24% premium to the Company’s $40.48 share price on June 7, 2017, the stock price before the family group’s interest in a take-private transaction was announced, the directors still found the deal to be inadequate. “The fact that the offer is higher or even substantially higher than that [June 7] price is not indicative of whether it is the highest value transaction reasonably available,” said Anabtawi.

Thursday, March 8, 2018
Professor Steven Bank spoke with the Austin American-Statesman on the lawsuit levied by the state of Ohio and its capital city against the Precourt Sports Ventures’ pursuit of moving Columbus Crew SC to Austin. With the spotlight on the statute Ohio Revised Code 9.67, Bank states, “You could imagine lots of states and localities being interested in enacting a similar kind of statute because they all provide tax benefits to businesses to move in.”

Thursday, March 8, 2018
Professor Steven Bank spoke with Law360 on a lower court’s refusal to grant the North American Soccer League (NASL) a preliminary injunction to force the United States Soccer Federation to renew NASL’s status as a Division II league. “By applying for the preliminary injunction, they put all their eggs in that basket. Once they lost the preliminary injunction … that was the game,” Bank said.

Monday, March 5, 2018
Agenda Magazine interviewed Senior Fellow in Residence Jim Barrall on the growing interest among corporate directors and institutional investors on pay equity and investing in human capital, and the possible impact of 2018 CEO pay ratio proxy disclosures on these matters.

Monday, March 5, 2018
In its March/April 2018 edition, The Corporate Board published Senior Fellow in Residence Jim Barrall’s article, “Disclosing Your CEO Pay Ratio.”

Tuesday, February 27, 2018
Professor Scott Cummings spoke with the Daily Bruin on the “silent mechanical invasion” of the Bird scooter and its issues with user safety. With the increase in accidents and collisions, Cummings states that the university could place reasonable restrictions on Bird’s on-campus activities. For example, it was legal for the university to request Bird Rides, Inc. to program its scooters to only accelerate when on a roadway, or to beep when ridden in illegal areas.

Monday, February 12, 2018
Professor Kirk Stark was cited in the Connecticut Mirror for co-authoring a tax study that is being utilized by “blue” states, such as California and Connecticut, to blunt the impact of President Trump’s new federal tax law. The study notes that state and local governments may turn charitable donations into tax credits under certain conditions, a finding that these states hope will give them legal ammunition against the Trump administration. “It is very common for state and local governments to incentivize donations to certain entities,” explained Stark.

Tuesday, January 30, 2018
The New York Times quoted Professor Kirk Stark on a variation of state tax codes that is forcing states to reassess longstanding practices of intertwining their tax codes with that of the Federal government. According to Stark, some states that see increased revenue may choose to keep the extra funds to plug other fiscal holes, while other states might actually see a decrease in revenue.

Thursday, January 11, 2018
A Los Angeles Times article about the challenges faced by an initiative to preserve Californians federal tax deductions features a quote from Professor Kirk J. Stark, a consultant on the new initiative.

Monday, January 8, 2018
Professor Kirk J. Stark has been named a key consultant to California legislative leaders on an initiative to protect state taxpayers from potentially harsh consequences of the new federal tax bill that passed in December. A plan to introduce state legislation in response to the federal law is being spearheaded by California state senate president pro tem Kevin de León, who has said that the new tax scheme “disproportionately harms California taxpayers.” Among other proposals, Stark has suggested that California may wish to consider providing a new state income tax credit for voluntary donations to certain state-designated funds. In a recent paper, Stark and seven co-authors provide a detailed analysis of the federal income tax treatment of state charitable tax credits.

Friday, January 5, 2018
The Los Angeles Times interviewed Assistant Professor Kristen Eichensehr for a discussion on Americans’ consumer privacy protections. Unlike the European Union, which recently passed sweeping new privacy protection rules, Americans remain vulnerable to data breaches in the absence of new federal legislation. Eichensehr said Europeans begin any privacy discussion with a presumption that individuals have a right to control their personal information. “We don’t have a similar right in this country,” she observed.

Friday, January 5, 2018
KCRW’s “Press Play” and KPCC’s “Air Talk” interviewed Professor Kirk Stark about an idea floated in Sacramento that would allow Californians to donate their state taxes to a special fund as a charitable contribution.  The move would serve to ease the burden in a provision of the new federal tax law, which caps your deductions at $10,000 from your state and local taxes on your federal return, although average Californians deduct about twice that.  Stark is advising Democrats in California on the proposal. Listen to the KCRW Podcast. Listen to the KPCC Podcast.

Thursday January 4, 2018
Jim Barrall, senior fellow in residence at the Lowell Milken Institute for Business Law and Policy, commented in the Washington Post on executive pay packages, which have increased dramatically over the last 20 years, despite legislation which has intended to set limits. “Market forces drive CEO pay. There is a market for CEOs, just like there is for football coaches and actors, and some of them are well paid,” said Barrall. “History proves that when the tax code has been used to limit executive compensation, it has not worked and has had unintended consequences,” he added.

Wednesday, January 3, 2018
Professor Steven Bank was interviewed for a special edition of National Public Radio’s Marketplace that focused on the GOP’s new tax bill and what it means for Americans; Bank discussed the use of tax as a tool for social policy. Listen to the podcast.

Tuesday, January 2, 2018
Professor Kirk Stark is cited in a New York Times article that details the responses of lawmakers in high-tax states to the tax measure that President Trump signed into law in December. Stark, the Barrall Family Professor of Tax law and Policy at UCLA, has been named a key consultant to California state senate president pro tem Kevin de León, who is seeking to ease the impact of a provision in the federal law that caps the amount of state and local taxes that people may deduct from their federal returns. Stark, the Times reports, “has suggested that states encourage residents to donate money to their state governments, then let the governments credit those donations against their state income taxes. Such donations would qualify as charitable donations, which are still fully deductible on federal taxes.”

Friday, December 22, 2017
Professor Steven Bank appeared on a special edition of public radio’s Marketplace titled “Congress Passed a Tax Bill. Now What?” He weighed in on the use of taxation as a way of driving social policy by incentivizing behaviors like home ownership through mortgage interest deductions. Listen to the podcast.

Thursday, December 21, 2017
Can Delaware Be Dethroned?: Evaluating Delaware’s Dominance of Corporate Law is a new volume of edited essays on Delaware corporate law by leading academic and practitioner experts. The volume was edited by UCLA Law Professors Stephen Bainbridge, Iman Anabtawi, Sung Hui Kim and James Park. The volume is available on Amazon.

Tuesday, December 19, 2017
Jim Barrall, senior fellow at the Lowell Milken Institute for Business Law and Policy, has a post on the impact of the tax cuts bill on performance-based compensation in The Conference Board’s Corporate Governance Center blog.

Monday, December 4, 2017
Professor Steven Bank talked with Mel Magazine on the potential effects the corporate tax rate cut will have on employment and wages. With the proposed tax plan, businesses may invest more in capital, making workers more productive, and in turn, more valuable in the labor market and able to earn a higher salary. As Professor Bank states, however: “The real argument for labor benefiting from the tax bill is the economy will generally grow and benefit labor because of that. It’s not about corporations taking the savings and using the savings to give everyone a raise. Companies don’t just give out bonuses and increase wages because they have a sudden windfall.”

Thursday, November 30, 2017
Professors Sean Hecht and Lynn LoPucki were quoted in a Los Angeles Times article discussing how Peabody Energy, the nation’s largest private-sector coal company, has been ruled immune from a California lawsuit blaming fossil fuel companies for sea level rise related to climate change. Peabody filed for bankruptcy in 2016, shielding them from “torts committed in the past,” said LoPucki.

Thursday, November 16, 2017
Bloomberg BNA spoke with James Barrall ’75, senior fellow in residence at UCLA Law, about the Senate Finance Committee’s removal of a provision from the tax overhaul proposal that would have restricted an employee benefit plan—a plan that provides tax breaks for highly compensated employees. “Most companies are likely to continue using performance-based compensation,” commented Barrall.

Thursday, November 16, 2017
Professor Lynn LoPucki was quoted in the New York Times on how corporations filing for bankruptcy will engage in “court shopping” to find a court that provides features attractive to the executives, bankers and lawyers trying to get an edge in the proceedings. The vast majority of companies — more than 76 percent — now file for bankruptcy in a different state from where they are based, LoPucki said.

Tuesday, November 14, 2017
Jim Barrall, senior fellow at the Lowell Milken Institute for Business Law and Policy, has a post on CEO pay ratio planning in The Conference Board’s Corporate Governance Center blog.

Monday, November 13, 2017
The seven-year-old Thomas A. Kirschbaum Scholarship in Tax Law at UCLA School of Law goes to the most promising students in the field and brings with it connections to a tight-knit group of alumni, faculty and students. The scholarship attracts students who are poised to make an impact as leaders in tax study and practice. Recipients enjoy a substantial financial award and inclusion in a vibrant network of premier tax attorneys and scholars, who share insights and career prospects. Read more about the scholarship and its recipients.

Monday, November 13, 2017
Professor Steven Bank was interviewed on NPR’S “Marketplace” about the Republicans’ proposal to delay the corporate tax cut that President Donald Trump says is crucial to spurring economic growth.

Monday, November 6, 2017
Professor Scott Cummings speaks with the Los Angeles Times about a state law known as Costa-Hawkins, which restricts local power to regulate rent increases in certain cases and on certain buildings, such as single-family homes. “I’m in the camp that says we need dramatic intervention to protect low- and moderate-income people so they can maintain a space in our city,” says Cummings.

Friday, November 3, 2017
In a Howler Magazine “Dummy” podcast, Professor Steven Bank discussed a lawsuit brought by the North American Soccer League against the U.S. Soccer Federation; Bank talked about what he reads into a Federal judge’s questioning of attorneys involved in the case. Listen to the Podcast.

Friday, November 3, 2017
Professor Jason Oh spoke to KPCC about how the GOP’s tax plan, which proposes eliminating the deduction for state and local income taxes, will affect Californians.  That deduction can be significant for many Californians, said Oh.  “Because of how high state and local taxes are in California, more Californians itemize than in many other states.” Listen to the Podcast.

Thursday, November 2, 2017
Professor Steven Bank was interviewed by KPCC for a segment that explored whether the estate tax is saving America from becoming an aristocracy. Listen to the Podcast. (Segment begins at 6.25)

Thursday, October 26, 2017
Professor Steven Bank was featured in a KPCC “Marketplace” podcast that discusses the proposed 25% pass-through tax rate. Listen to the Podcast. (Start at 6:00)

Thursday, October 19, 2017
Professors Kirk Stark and Eric Zolt wrote an op-ed for The Washington Post that argues that the still-struggling middle class, which has been promised a tax cut by the GOP through tax reform, is actually enjoying historically low tax rates and can’t be helped by cutting taxes. “What the middle class needs is not meager tax cuts but a muscular commitment to robust public institutions designed to benefit middle-income individuals,” write Stark and Zolt.

Thursday, October 12, 2017
Professor Steven Bank was quoted in a Crain’s New York Business article about a North American Soccer League lawsuit against the U.S. Soccer Federation. According to Bank, the NASL faces a formidable challenge in court.

Monday, October 9, 2017
The annual Tax Law Program e-newsletter features faculty news and scholarship, student news, and program events associated with UCLA School of Law’s Tax Law Program.

Wednesday, October 4, 2017
Professor Jason Oh talked to Bloomberg BNA for a discussion about the various decisions lawmakers may face in order to pay for tax rate cuts, which will have to be offset by revenue raisers. “Few decisions are binary,” said Oh. “There are a spectrum of decisions they can make on many provisions.”

Friday, September 29, 2017
Professor Eric Zolt was interviewed by Capitol Public Radio for an article on the GOP’s tax overhaul proposal, which calls for eliminating most itemized deductions — including possibly a deduction for state and local income taxes.

Thursday, September 28, 2017
Professor Steven Bank was interviewed by Howler Magazine in a podcast discussion of the North American Soccer League’s anti-trust lawsuit against the U.S. Soccer Federation, which recently demoted the NASL from division two to division three. The NASL is suing the USSF not only over this designation but over the governing body’s right to designate pro leagues at all.

Bank was also interviewed on the same topic by Inverted Triangle in a podcast on WRAL Sports Radio in Raleigh/Durham, North Carolina.

Thursday, September 28, 2017
Professor Jason Oh was interviewed by KPCC for a discussion of the GOP’s tax code overhaul, and how it will affect California homeowners. Under the proposal, California homeowners will likely pay higher taxes than they do now, said Oh. “But just barely. It’s a tough decision.”

Monday, September 18, 2017
Professor Kirk Stark was interviewed by Bloomberg Law in a podcast discussion of a recent South Dakota State Supreme Court ruling which found that companies selling goods over the internet cannot be forced to collect the state’s 4.5 percent tax on purchases.

Tuesday, September 12, 2017
Paul Habibi, a lecturer at UCLA Law and the UCLA Anderson School of Management, was featured in Business Wire and multiple other news outlets for his release of Housing Pays: Capturing the Economic and Fiscal Benefits of Increased Housing Production in L.A. Habibi’s report calculates that Los Angeles is risking a $583 million net benefit, generated through new housing taxes, if Mayor Eric Garcetti doesn’t meet a 2021 goal to build 100,000 new units.

Thursday, August 31, 2017
Professor Steven Bank spoke with Fox Business, addressing how the Republican tax plan poses a risk to the U.S. bond market. As White House officials and top House Republicans plan to scale back tax deductions on corporate interest, risking more borrowing overseas, the competitive advantage of the mammoth U.S. bond market will erode—according to experts. Bank explained the history of the corporate tax deduction for interest, which was known as a “capped” deduction in the early years.

Tuesday, August 29, 2017
Jim Barrall, senior fellow at the Lowell Milken Institute for Business Law and Policy, published a Financial Times Agenda opinion piece noting that boards should be making certain their companies are preparing to disclose the ratios of their CEOs’ pay to that of their median compensated employees in their 2018 proxies.

Friday, August 11, 2017
Russell Korobkin, Vice Dean for Academic and Institutional Affairs and Richard C. Maxwell Professor of Law, authored a Los Angeles Times op-ed on President Trump’s erratic but potentially successful approach to the threat of hostilities with North Korea.

Tuesday, July 18, 2017
A member of the UCLA School of Law Class of 2017 has won a prestigious national student writing competition in tax law. Shelby Miner ’17 took top honors in Tax Analysts’ 2017 Student Writing Competition for her paper “The Use Tax Problem: Practicality or Propriety?” There, she proposes “a new method of determining whether a state has the authority to tax a company that has no physical presence within that state yet takes advantage of the state’s market to sell its goods.” In recognition of the award, Miner’s paper was published in State Tax Notes.

The Tax Analysts competition is open to law, business and public policy students and accepts papers on unsettled questions in international, federal or state tax law and policy. Winning entries are selected based on “originality, readability, organization, reasoning, and overall quality of content,” according to the competition guidelines. Miner’s paper was supervised by Eric M. Zolt, UCLA Law’s Michael H. Schill Distinguished Professor of Law.

During her tenure at UCLA Law, Miner took tax law classes and graduated with a certification in business law. She was also UCLA Law’s moot court president and received the Order of Barristers at graduation in May. Miner is a former competitive gymnast who majored in underwater archaeology as an undergraduate at the University of Minnesota and did field work excavating Roman shipwrecks in the Mediterranean Sea. She will begin her legal career as an attorney in the Army JAG Corps.

Monday, July 10, 2017
Jim Barrall, senior fellow at the Lowell Milken Institute for Business Law and Policy, commented in the Washington Post on a controversial ruling involving employee pay gaps.

Tuesday, June 13, 2017
Professor Steven Bank was interviewed by the Los Angeles Business Journal regarding L.A.’s top-paid executives in public companies who received an increase in pay last year amid stock market gains.

Friday, June 2, 2017
In Memoriam: William D. Warren, Dean Emeritus of UCLA School of Law

Thursday, May 18, 2017
Professor Steven Bank spoke to NPR’s Marketplace about the history of the standard tax deduction and how Trump’s tax plan proposes to increase it tremendously in comparison. “Every lawyer, doctor, dentist, accountant was involved in some type of tax shelter — movie tax shelters, alpacas, you name it,” said Bank. “And that was not something the average person could participate in.”

Tuesday, May 16, 2017
Professor Kirk Stark talked with Marketplace about controversy surrounding the Quill Corp v. North Dakota (1992) case, which indicates that companies only have to collect sales tax if they have a physical location in the state – a ruling that does not take online markets into consideration. Stark said that “many states have passed laws recently clearly in conflict with Quill.”

Monday, May 15, 2017
Professor Eric Zolt was mentioned in a PBS Q&A on efficient tax systems between PBS Newshour’s Paul Solman and tax expert and journalist, T.R. Reid.

Tuesday, May 2, 2017
The startup team who won the Lowell Milken Institute Sandler Prize for New Entrepreneurs was featured in the Daily Bruin.

Tuesday, March 28, 2017
Professor Steven Bank was interviewed by one of Brazil’s leading news outlets, Estado De Minas, about the prospects for U.S. tax reform legislation under Trump, and what such tax reform might look like.

Saturday, March 25, 2017
The Education Commission of the States has announced Lowell Milken as this years’s James Bryant Conant Award recipient, one of education’s most prestigious honors. In receiving the James Bryant Conant Award, Lowell Milken joins the ranks of education greats such as Sal Kahn (2016), Linda Darling-Hammond (2010), Thurgood Marshall (2004) and Marian Wright-Edelman (1987).

Tuesday, March 21, 2017
Lynn LoPucki, Security Pacific Bank Distinguished Professor of Law, commented in TheStreet.com on the Trump administration’s aim to raise fees on corporate bankruptcies in a manner that would affect the biggest-ticket filings.

Friday, March 17, 2017
Professor Steven Bank was quoted in the Los Angeles Times on how shareholders want Wells Fargo to provide a broader accounting of what led to widespread fraud in the bank’s sales practices.

Friday, March 17, 2017
Professor Steven Bank was quoted in the New York Post on how President Trump’s tax plan favors the private equity industry.

February 27, 2017
UCLA Law’s two LawMeet Teams each took first place in their regional competition at the 2017 Transactional LawMeet on Friday, February 24. Each team will advance to the final round to be held in New York at the offices of Sullivan & Cromwell LLP in late March.  In each of the seven regional competitions, 12 teams competed, and two were selected for the finals.

February 21, 2017
Senior Fellow in Residence, James D.C. Barrall, published an opinion piece in Agenda about the SEC opening a 45-day comment period to allow companies to comment on the challenges they are facing in complying with the SEC’s CEO pay ratio disclosure rule.

February 17, 2017
Professor Stephen Bainbridge was cited in The Independent on the history and qualifications of President Donald Trump’s new Labor Secretary Nominee, Alexander Acosta.

February 9, 2017
Professor Steven Bank was quoted in the Los Angeles Times on the resignation of board member Chad Brownstein from embattled Banc of California.

January 24, 2017
Professor Steven Bank’s book (From Sword to Shield:  The Transformation of the Corporate Income Tax, 1861 to Present (Oxford Univ. Press, 2010)) was quoted in an article in Tax Notes about the parallels between the House Plan to replace the corporate income tax with a destination-based corporate tax and President Roosevelt’s attempt to replace the corporate income tax with an undistributed profits tax in 1936.

January 11, 2017
Professor Steven Bank was featured in a Corner of the Galaxy podcast that discussed rumors and possibilities for new LA Galaxy players from around the world.

November 28, 2016
Professor Eric Zolt has been appointed to a four-year term to the Eminent Expert Group of Tax Policy and Public Expenditure Management for Sustainable Development, United Nations Economic and Social Commission for Asia and the Pacific.  The first meeting of the group will be on December 6 and 7 in Bangkok.

October 31, 2016
Professor Steven Bank was quoted in the Los Angeles Times on how the attendance figures released by Major League Soccer (MLS) don’t actually reflect the number of people who attend the events.

October 28, 2016
Professor Steven Bank was quoted in a Los Angeles Times article regarding new pay rules that federal financial regulators have considered for Wells Fargo after thousands of employees created unauthorized accounts for millions of customers. Senate Democrats asked financial regulators to establish stricter rules that would “claw back” executive pay if other wrongdoings occur or are discovered.

October 19, 2016
Joel Feuer, executive director of the Lowell Milken Institute for Business Law and Policy, was quoted in the Daily Bruin on the recent Lowell Milken Institute-Sandler Prize meetup which featured prominent speakers, including chief executive officers of local businesses.

October 6, 2016
Professor Steven Bank was cited in the Philadelphia Inquirer in response to the ongoing debate between the U.S Women’s National Soccer Team and the U.S Soccer Federation regarding a complaint over pay inequality.

October 4, 2016
Professor Lynn LoPucki commented in the Wall St. Journal on the Chapter 11 filing that forced Caesars Entertainment Operating Co. to disclose the cost of fees and expenses paid to various law, investment banking, consulting and other firms during bankruptcy.

September 30, 2016
Professor Steven Bank was quoted in a New York Times article about the effectiveness of executive pay clawbacks.

September 27, 2016
Professor Steven Bank was quoted in a Los Angeles Times article on the range of lawsuits that may be possible against Wells Fargo over the bank’s creation of nearly two million bogus accounts for customers without their permission.

September 26, 2016
Professor Steven Bank discussed the potential retributions against embattled Wells Fargo CEO John Stumpf in a Los Angeles Times article.

August 31, 2016
Professor Steven Bank authored an article for American Soccer Now on soccer star Hope Solo’s future with the National Women’s Soccer League. Solo was suspended from the NWSL for six months after remarks she made towards her Swedish opponents in Rio sparked controversy.

August 26, 2016
Professor Steven Bank was interviewed by Excelle Sports on freedom of speech and U.S. soccer goalkeeper Hope Solo, whose comment about the Swedish national team after the U.S.’s defeat in Rio sparked controversy and resulted in her suspension.

July 11, 2016
Professor Timothy Spangler, Director of Research of the Lowell Milken Institute for Business Law and Policy, was quoted in the Los Angeles Times, relating to CalPERS/CalSTRS issues.

July 5, 2016
Professor Steven Bank was cited in the Los Angeles Times on why founder Chief Executive Officers, such as Facebook’s Mark Zuckerberg, make less money than other CEOs.

June 15, 2016
Professor Timothy Spangler, Director of Research of the Lowell Milken Institute for Business Law and Policy, was quoted in the Los Angeles Times, relating to the investment in guns and Private Equity firms.

June 6, 2016
Congratulations to Professor Lynn M. LoPucki, Security Pacific Bank Distinguished Professor of Law, who ranked in the Top Ten Most-Cited Faculty in Commercial Law (including contracts and bankruptcy).

June 6, 2016
Congratulations to Professor Russell Korobkin, Vice Dean and Richard C. Maxwell Professor of Law, who ranked sixth in the  Top 15 Most-Cited Faculty in Law and Economics (including behavior law and economics), 2010-2014 (inclusive).

June 6, 2016
Professor Iman Anabtawi’s article, “Predatory Management Buyouts,” was cited in a recent Delaware appraisal case in which Vice Chancellor Laster determined the fair value of Dell Inc.’s common stock at the time of its sale. Delaware Business Court Insider discusses the court decision in greater detail.

June 3, 2016
Professor Timothy Spangler, director of research for the Lowell Milken Institute for Business Law and Policy, was quoted in the Los Angeles Times on a $3.5 billion investment made by Saudi Arabia’s Public Investment Fund in rideshare company, Uber.

May 31,2016
Professor Jill Horwitz was quoted in Modern Healthcare on the differences between for-profit and not-for-profit hospitals and the concerns about how investor-owned chains’ pricing practices may affect the communities they serve.

May 26, 2016
Joel Feuer, executive director of the Lowell Milken Institute for Business Law and Policy, discussed the new LMI Report and the challenging relationship between public pension plans and private funds in a blog post for ValueWalk.com. LMI released its 2016 report, “Public Pension Plans and Private Funds,” on May 18th.

May 25, 2016
The Lowell Milken Institute for Business Law and Policy has issued its 2016 Private Fund Report, “Public Pension Plans and Private Funds – Common Goals and Conflicting Interests,” which focuses on several aspects of the sometimes challenging relationship between public pension funds and private funds and includes articles by leading academics and experts in the fund industry.

May 19, 2016
Congratulations to Professor Stephen M. Bainbridge, William D. Warren Distinguished Professor of Law, who ranked third on the list of the Twenty Most-Cited Corporate Law & Securities Regulation Faculty in the United States, 2010-2014 (inclusive).

May 12, 2016
Professor Lynn LoPucki was quoted in a Reuters article discussing how oil companies have moved the filing of their bankruptcy cases to Houston courts after a new work order to expedite large cases was issued in the court.

May 9, 2016
Professor Lynn LoPucki was interviewed on National Public Radio’s “All Things Considered” on presidential candidate Donald Trump’s attempt to clarify recent comments he made in which he seemed to suggest that the federal government could renegotiate its debt, a suggestion that had many economists in an uproar.

April 27, 2016
Professor Scott Cummings was quoted in a Riverside Business Journal article about a Los Angeles-based pro bono public interest firm influencing the implementation of pro bono services in Brazil.

April 20, 2016
An article by Professor Steven Bank, Paul Hastings professor of business law, was included among a list of 10 leading corporate tax articles published in 2014 and 2015.  “Historical Perspective on the Corporate Interest Deduction,” 18 Chapman L. Rev. 29 (2014) was noted in “A Brief Review of Corporate Tax Articles of 2014-2015,” 151 in Tax Notes, by Jordan M. Barry and Karen C. Burke (April 11, 2016).

April 12, 2016
The winner of the $100,000 Lowell Milken Institute-Sandler Prize for New Entrepreneurs is pasCARE, a medical device startup based around real-time, preventative monitoring of pressure ulcers. Team members Jonathan Lavi (Law ’16), Francis Lin (Engineering ’18), Jonathan Massachi (Engineering ’18), Eric Pan (Engineering ’18), and Patrick Xu (Engineering ’18) will use the prize money to develop their company.

April 6, 2016
The Lowell Milken Institute for Business Law & Policy has announced that five student team finalists will compete in the final round of the inaugural Lowell Milken Institute-Sandler Prize for New Entrepreneurs. The public round will be held on Tuesday, April 12th at UCLA School of Law.  The competition recognizes student innovation and leadership and supports the real-world launch of promising new business ventures.  The Lowell Milken Institute-Sandler Prize of $100,000 is the largest university entrepreneurship prize ever to have been awarded through a law school.
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April 4, 2016
Three UCLA School of Law students, Jeffrey Brandt ’16, Christine M. Ristow ’17 and Matthew J. Weber ’16, were named national champions in the Seventh Annual Transactional LawMeet®.  The final round of the national negotiation competition was held on April 1st in New York, and hosted by the law office of Sullivan & Cromwell LLP.
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March 18, 2016
Professor George S. Georgiev was quoted in articles in the Los Angeles Times and Baltimore Sun, as well as numerous other news outlets, on the move by the U.S. Department of Justice to block Tribune Publishing’s purchase of Freedom Communications, which owns the Orange County Register and Riverside Press-Enterprise.

February 22, 2016
Professor Lynn LoPucki was quoted in a San Antonio Express article on trading shares of bankrupt companies and outcomes for shareholders.

February 22, 2016
The UCLA-LoPucki Bankruptcy Research Database was cited by the Wall St. Journal in its reporting on large public companies that filed for bankruptcy from 2005 – 2015.  The database, founded in 1994 by Professor Lynn LoPucki, collects data on large, public company bankruptcies and disseminates it to bankruptcy researchers throughout  the world.

February 22, 2016
Professor Steven Bank was quoted in the Los Angeles Times on how the election of a new FIFA president doesn’t figure to run smoothly.

“It’s really kind of a shame. FIFA has become kind of a punch line,” said Professor Bank. “There is no question that none of these candidates have put forth anything close to a plan that would suggest they are going to radically reform FIFA.”

February 19, 2016
Professor Lynn LoPucki talked to Bloomberg BNA about his study Dawn of the Discipline-Based Law Faculty, which reviewed the entry-level hires of AALS-member law schools between 2011 and 2015 and found a sharp uptick in the rate at which law schools are hiring faculty members with PhDs.

February 12, 2016
Professor Steven Bank published an op-ed, “Divided Loyalties: Lawsuits, U.S. Soccer and the NWSL” for American Soccer Now, in which he examines the U.S. Soccer Federation’s lawsuit against the U.S. Women’s National Team Players Association and its ramifications.

February 4, 2016
Professor George S. Georgiev was quoted in a BBC Mundo article on antitrust issues in the luxury eyewear industry. The article examines the dominance of Italian firm Luxottica, which manufactures or distributes eyewear brands such as Ray-Ban, Oakley, Prada, Chanel and Versace, and controls 80% of the global market according to Forbes Magazine.

January 8, 2016
Professor Jill Horwitz discusses her work with the American Law Institute (ALI) in a video featured on the organization’s website. She talks about her course, in which students learn nonprofit law and research methods and participate in drafting black letter, legal commentary and supporting notes for the ALI’s Restatement of the Law of Charitable Nonprofit Organizations.

January 5, 2016
Professor Daniel Bussel has been named Bankruptcy Lawyer of the Year by the Century City Bar Association.

December 9, 2015
Professor Steven Bank was interviewed by NPR’s Marketplace about Yahoo’s decision to call off a spin-off with Alibaba due to tax concerns.

November 18, 2015
Professor Steven Bank was quoted in a Time Magazine article on how the implementation of a flat tax rate may affect federal debt growth.

November 9, 2015
Professor Kenneth Klee published an op-ed in the Wall Street Journal on how federal courts have upset the balance between individual rights and majority rule.

November 2, 2015
Professor Steven Bank was featured in a Marketplace discussion of a flat tax and how it has long been debated in the United States, including during a recent Republican presidential primary debate.

October 19, 2015
The Lowell Milken-Sandler Prize for New Entrepreneurs was mentioned in an Above the Law interview with UCLA School of Law alum and entrepreneur Jules Miller.

October 7, 2015
Professor Stephen Bainbridge was cited in The Boston Globe in a discussion of insider trading and how it might be defined within the context of fantasy betting.

October 2, 2015
The Federal Election Commission (FEC) held an open meeting to discuss “Repledge,” a proposal byProfessor Eric Zolt that will allow supporters of opposing candidates to bilaterally reduce political contributions, on a dollar-for dollar basis, and instead direct the funds to a charity of their choice.

October 1, 2015
The Lowell Milken Institute for Business Law and Policy will host the Fifth Annual NYU/UCLA Tax Policy Symposium: Tax and Entrepreneurship, on Friday, October 16th at the UCLA School of Law.

September 29, 2015
Professor Steven Bank has written about profit-shifting, a means of avoiding taxes or hiding profits, in the world of international professional soccer for AmericanSoccerNow.com.

September 18, 2015
Crain’s Chicago Business cited a 2010 study co-authored by Professor Scott Cummings on the professionalization of pro bono programs in large firms and the challenges they face.

September 15,2015
Professor Stephen M. Bainbridge has published an analysis of a decision recently made by the Third Circuit Court of Delaware in the case of Trinity Wall Street v. Wal-Mart Stores, Inc. His explanation of the Court’s decision, “Two Cheers for Trinity Wall Street v. Wal-Mart: The Awkward New Test for Ordinary Business Exclusion,” appeared in the Legal Backgrounder, a publication of the Washington Legal Foundation, the nation’s premier public interest law and policy center.

September 10, 2015
Professor Russell Korobkin has three articles on the list of the Top 25 Most Cited Contract Law Articles Published in the Last 25 Years. The complete list of articles can be found on the New Private Law blog.

August 31, 2015
During the 2015-16 academic year, the Lowell Milken Institute for Business Law and Policy will host the inaugural competition for the Lowell Milken Institute-Sandler Prize for New Entrepreneurs, a business plan competition for teams of UCLA students. The competition prize is $100,000.

July 29, 2015
Professor Eric Zolt was interviewed by Jeffrey Owens, director of the WU Global Tax Policy Center at the Institute for Austrian and International Tax Law, about wealth and income inequalities around the globe. The interview was featured as part of Owens’ “fireside chats,” a series of discussions on tax policy, and the Q&A was published in the July 27, 2015 issue of Tax Notes International.

July 24, 2015
Professor George S. Georgiev was quoted in a Variety article on an antitrust case brought by the European Commission against five major U.S. studios.

July 22, 2015
Professors Steven Bank and George Georgiev published an op-ed in The Globe and Mail regarding the Securities and Exchange Commission’s (SEC) executive compensation clawback rule proposal.

July 20, 2015
Professor Steven Bank was cited in a Forbes article regarding flat rate income taxes, following presidential candidate Rand Paul’s unveiling of his “Fair and Flat Tax” plan.

July 16, 2015
Professor Steven Bank published an op-ed in American Soccer Now regarding yesterday’s Senate Commerce subcommittee hearings on “Examining the Governance and Integrity of International Soccer.”

July 10, 2015
George S. Georgiev of the Lowell Milken Institute was cited in a Bloomberg BNA article summarizing reactions by legal experts to new rules on executive compensation clawbacks proposed by the Securities and Exchange Commission.

July 9, 2015
Professor Steven Bank published an op-ed in American Soccer Now regarding the reform framework of the Confederation of North, Central America and Caribbean Association Football (CONCACAF).

July 8, 2015
Professor Jill Horwitz commented on the loss of tax exempt status for a New Jersey hospital and discussed PILOT programs, which allow nonprofits to acknowledge the benefits they receive from local governments while avoiding the additional stress of taxation. Her comments appear in a Law360 article.

July 6, 2015
Professor Jill Horwitz commented on the nonprofit status of some health insurers in an interview on Marketplace.
June 23, 2015
Recent UCLA School of Law graduate Kelly Orians has been awarded a highly competitive fellowship to help launch her community development corporation, RisingFoundations in New Orleans, Louisiana. The fellowship will provide Orians with seed funding, mentoring and leadership opportunities as she pursues her project’s mission of stopping the cycle of incarceration by creating pathways to homeownership, gainful self-employment, and financial services for people coming home from the state prison system. The fellowship was awarded by global nonprofit Echoing Green. Orians and her co-founder, Calvin Duncan, will receive $90,000 in funding for two years, participate in leadership development events, and receive mentoring from leading business professionals.

June 18, 2015
Professor Steven Bank discussed the FIFA scandal and the resignation of Sepp Blatter in a slashMLSpodcast.

June 5, 2015
Lowell Milken Institute Advisory Board Member Jim Barrall of Latham & Watkins LLP published a post on Director Compensation on The Conference Board’s Governance Center blog.

June 3, 2015
Professor Russell Korobkin commented on a dispute among USC and a group of the school’s MFA students. His comments appear in an article in the publication Hyperallergic.

June 2, 2015
Professor Steven Bank has published an article in American Soccer Now in which he discusses the resignation of FIFA president Sepp Blatter.

May 29, 2015
Professor Steven Bank’s comments were included in an American Soccer Now article that featured expert opinions on the FIFA bribery and corruption scandal.

May 11, 2015
An article by Professor Stephen Bainbridge, Boards-R-Us: Reconceptualizing Corporate Boards, has been chosen as one of the ten best corporate and securities articles for 2014 by the Corporate Practice Commentator.

May 7, 2015
George Georgiev of the Lowell Milken Institute was cited in a Daily Journal article on the issues surrounding an upcoming California Supreme Court decision on an appeal case (In re Cipro Cases I & II, Cal., No. S198616) contending the rule of reason doctrine.

May 4, 2015
Professor James Park was quoted in a Reuters article about allegations claiming Petrobras, a Brazilian oil company, has been artificially inflating stocks and bonds since 2010.

May 1, 2015
Professor Steven Bank commented on the National Football League’s recent decision to give up its tax-exempt status in a U.S. News & World Report article.

April 28, 2015
Professor Emeritus Ken Klee was honored with the 2015 Distinguished Service Award from the American College of Bankruptcy.

April 24, 2015
Professor Dan Bussel has published an article in Law360 on embracing an inquisitorial model of justice, in which an active and informed neutral investigates the facts and then assesses and applies the law, to resolve disputes in complex bankruptcy cases.

April 17, 2015
Professor Steven Bank‘s paper, “Origins of a Flat Tax,” 73 Denver Law Review 329 (1996), was recently profiled in an article by Joseph Thorndike, “Ted Cruz Wants a Flat Tax – and History May be on His Side,” 147 Tax Notes 7 (April 6, 2015).

April 16, 2015
Professor Stephen Bainbridge published an op-ed on why it is important for corporate directors and managers to pursue shareholder wealth maximization in The New York Times’ “Room for Debate” section.

April 12, 2015
Professor Dan Bussel has posted an article on bankruptcy examiners on Columbia Law School’s Blue Sky Blog.

April 6, 2015
Professor Stephen Bainbridge commented on fee-shifting bylaws in a Bloomberg BNA article.

March 6, 2015
Professor Steven Bank discussed the details of the MLS Collective Bargaining Agreement in an interview on Corner of the Galaxy.

March 5, 2015
Professor Steven Bank published an op-ed in American Soccer Now on who—or what—won the Major League Soccer (MLS) labor negotiations.

February 23, 2015
Professor James Park’s new research on the active participation of bondholders in securities litigation was featured in a ValueWalk article.

February 2015
Professor Lynn LoPucki‘s article on empirical research programs for bankruptcy was featured in theABI Journal.

January 14, 2015
Professor Jill Horwitz was interviewed by National Public Radio’s Marketplace on the reasons why companies continue to offer worker wellness programs even when their overall effectiveness and benefit is questionable.

January 8, 2015
Professor Stephen Bainbridge was quoted in a Wall Street Journal article about insider-trading cases.

January 5, 2015
Visiting Assistant Professor Kristen Eichensehr was quoted in an article in The Hill discussing the legal implications of the recent cyberattack on Sony Pictures and the potential congressional actions to be taken.

December 19, 2014
Professor Stephen Bainbridge is quoted in a New York Times article about the need for an insider trading statue.