With fear and trembling, and sometimes sickness not quite unto death, federal and state judges, and lawyers on both sides of the “v,” must now do more than attack, defend, and evaluate expert witnesses on simplistic surrogates for the truth, such as personal bias or qualifications. [read post]

According to Diogenes Laërtius, this was to convince the people of his time that he had been taken up by the gods on Olympus. * 272 BC: Pyrrhus of Epirus, the famous conquerer and source of the term pyrrhic victory, according to Plutarch died while fighting an urban battle in Argos on the back of an elephant when an old woman threw a roof tile at him, stunning him and allowing an Argive soldier to kill him. * 270 BC: Philitas of Cos, Greek intellectual, is said by… [read post]

You are probably well acquainted with its successor, rule 506.[2] Prior to the adoption of former rule 146 in April 1974, the Commission did not have rules interpreting section 4(2) of the Securities Act.[3] As a result, issuers faced uncertainty in determining whether a sale of securities did not involve “any public offering” and in applying case law on the topic, including the Supreme Court’s decision in SEC v. [read post]