On the 10th day of every month, Junsuke Senoguchi has just one thing on his mind -- the closing level of the Nikkei 225 Stock Average.
That’s because Senoguchi, an unassuming man in his late 40s, has built a machine that’s been predicting the direction of Japanese shares, and once a month he gets a progress report on its success. The model makes a simple call -- whether the equity index will be higher or lower after 30 days -- and over almost four years it’s been right 68 percent of the time.
“I’m...
Arbitration has been the predominant form of dispute resolution in the securities industry since the 1980s. Virtually all brokerage firms include pre-dispute arbitration agreements (PDAAs) in their retail customer contracts, and have successfully fought off challenges to their validity. Additionally, the industry has long mandated that firms submit to arbitration at the demand of a customer, even in the absence of a PDAA.
More recently, however, brokerage firms have been arguing that forum selection...
University of Missouri School of Law Professor S.I. Strong has published “Large-Scale Dispute Resolution in Jurisdictions Without Judicial Class Actions: Learning From the Irish Experience,” ILSA Journal of International & Comparative Law, Vol. 22, 2016, Forthcoming; University of Missouri School of Law Legal Studies Research Paper No. 2016-04. In her journal article, Professor Strong discusses innovative developments in the context of large-scale arbitration and other alternative dispute...
YouRefund, a tax fraud prevention app developed by a University of Texas student, is among the 42 companies competing in the 2016 Rice University Business Plan Competition against 41 other businesses in the health care, energy software and robotics industries. More than $1 million in prizes are on the line.
Since the competition's inception, more than 161 former competitors have gone on to launch their own companies and are still in business. In addition, 15 companies have sold and past competitors...
A former patent client is taking its $3 million attorney fee fight against Jenner & Block to the Texas Supreme Court by arguing it's against public policy for the Chicago-based firm to collect after it allegedly walked away from the contingent fee case without just cause.
"We believe that it's against public policy for lawyers to collect a contingency fee after they've walked away without just cause based on results that other lawyers achieved. Certainly that is the crux of the case,'' said...
The Supreme Court of Texas has declined to review a case where a foreign real estate investor was ordered to arbitrate its claims against a law firm that allegedly helped a partner secure a secret loan. In Immobiliere Jeuness Establissement v. Ricardo G. Cedillo et al., No. 14-15-00101-CV (August 27, 2015), a Liechtenstein-based limited partner, Immobiliere Jeuness Establissement (“IJE”), of two Texas limited partnerships (the “Original Partnerships”) sued the Texas entities for breach of contract...