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Author: William A. Jacobson

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William A. Jacobson

William A. Jacobson is a Clinical Professor of Law and Director of the Securities Law Clinic at Cornell Law School.

He is a 1981 graduate of Hamilton College and a 1984 graduate of Harvard Law School. At Harvard he was Senior Editor of the Harvard International Law Journal and Director of Litigation for the Harvard Prison Legal Assistance Project.

Prior to joining the Cornell law faculty in 2007, Professor Jacobson had a highly successful civil litigation and arbitration practice in Providence, Rhode Island, concentrating in investment, employment, and business disputes in the securities industry, including many high profile cases reported in leading newspapers and magazines.

Professor Jacobson has argued cases in numerous federal and state courts, including the Courts of Appeal for the First, Fifth and Sixth Circuits, and the Rhode Island Supreme Court.

Professor Jacobson has a national reputation as a leading practitioner in securities arbitration. He was Treasurer, and is a former member of the Executive Committee and Board of Directors of the Public Investors Arbitration Bar Association, a professional organization of attorneys dedicated to protecting public investors. He frequently is quoted in national media on issues related to investment fraud and investor protection, and in the past has served as one of a small number of private practice attorneys who trained new arbitrators for the Financial Industry Regulatory Authority.

Professor Jacobson is co-author of the Securities Arbitration Desk Reference (Thomson-Reuters), updated annually.

Professor Jacobson is frequently quoted in the media on political and legal topics, has authored many Op-Eds in major publications, and appears on television and radio to discuss politics and the law.

A more complete listing of Professor Jacobson's professional background is available at the Cornell Law School website. The views expressed here are his own and not those of any employer or organization,

The best way to reach Prof. Jacobson is by e-mail here.

The years' long Media Matters War on Fox News was intended to destroy Fox News, as expressed by David Brock in 2011: The liberal group Media Matters has quietly transformed itself in preparation for what its founder, David Brock, described in an interview as an all-out...

The big are getting bigger, and better. Michelle Malkin's Twitchy was sold to Salem Communications, which owns Hot Air and Townhall.  Congratulations Michelle for a briliant idea, brilliantly executed. Now, according to Buzzfeed, Salem also will be acquiring Eagle Publishing, which owns Red State and Human Events: Salem Communications, the...

We previously have written about the copyright suit by North Jersey Media Group, Inc. (NJMG) against Sarah Palin and SarahPAC based on a Facebook note by Palin commemorating the attack on the World Trade Center on September 11, 2001: The Facebook note used an iconic image of three firefighters raising the flag at Ground Zero. Sarah Palin Facebook Page Three Firefighters Image Although the Complaint and Amended Complaint alleged that the photo was used for fundraising, neither of those court filings demonstrated specific fundraising use. Instead, the claim appears to be that anything Palin did for SarahPAC implicitly was fundraising. I expected the case to settle, not because of any inside knowledge, but because the use was not for commercial advantage, and was taken down immediately. There was question as to whether Palin and SarahPAC even received actual notice of a take-down demand. Suit in federal Court was filed just two days after the Facebook entry. Apparently the suit has not settled, because Palin's attorneys filed a Motion to Dismiss in court yesterday. (Full motion and supporting Memorandum embedded at bottom of this post.) In the Motion to Dismiss, Palin and SarahPAC argue:

The murder trial of two Islamic radicals who hacked British soldier Lee Rigby to death on the street continues. We noted how the murderer pictured in so many of the newpaper covers holding a bloody machete argued in his defense that he was a "soldier of Allah" and that he was in a war, Killer of British soldier Lee Rigby: “I am a soldier and this is war” The second murderer decided to offer no defense evidence, as reported by the Daily Mirror, which has a live blog of the proceedings:
The second man accused of hacking Fusilier Lee Rigby to death has refused to give evidence. Michael Adebowale, 22, was due to take the stand to explain the attack on the 25 year-old soldier near Woolwich Barracks in south London. His co-defendant Michael Adebolajo, 28, has already told the court that he tried to decapitate Lee Rigby to protest against British foreign policy. Abbas Lakha, representing Adebowale, told the court: "I call no evidence on behalf of Mr Adebowale." ... The judge sent the jury of eight women and four men away for the weekend and told them the court will contact them by mobile phone when they should return to court. He said there was more legal argument to sort out before closing speeches start but said the case was still due to conclude by Christmas.
Here's video of his capture immediately after the attack:

Lawrence Summers, former President of Harvard University, has commented on the proposed resolution by the American Studies Association to boycott Israeli academic organizations.  The membership voting on the anti-Israel boycott resolution concludes on December 15. For background on the proposed academic boycott and those anti-Israeli "academics" who worked for years on the resolution and then ambushed pro-Israel and/or pro-Academic Freedom members, see my prior posts: Here is the Summers interview with Charlie Rose specifically on the ASA boycott resolution (full interview here, segment starts at 35:00)):
This particular academic boycott is much worse, it is much worse because the idea that of all the countries in the world that might be thought to have human rights abuses, that might be thought to have inappropriate foreign policies, that might be thought to be doing things wrong, the idea that there's only one that is worthy of boycott, and that is Israel, one of the very few countries whose neighbors regularly vow its annihilation, that that would be the one chosen, is I think beyond outrageous as a suggestion.... Charlie, I said some time ago with respect to a similar set of efforts, that I regarded them as being anti-Semitic in their effect if not necessarily in their intent. And I think that's the right thing to say about singling out Israel. If there was an academic boycott against a whole set of countries that stunted their populations in some way, I would oppose that because I think academic boycotts are abhorrent, but the choice of only Israel at a moment when Israel faces this kind of existential threat I think takes how wrong this is to a different level.

We reported on the 6-year old boy who was suspended for "sexual harassment" for kissing a girl in class on the hand and cheek. The school has since downgraded the charge, and dropped the "sexual harassment" claim. That always was a ludicrous charge given the age of the students involved, and likely the result of federal guidelines putting funding at risk for districts that do not address sexual harassment. James Taranto has an extensive column about that:
Clearly buffoons are in charge of the school and the district, but what does that have to do with Obama? The answer is that these buffoons are following orders from Washington. In April 2011 Russlynn Ali, then assistant education secretary for civil rights, issued a directive in which she threatened to withhold federal money from any educational institution that failed to take a hard enough line against sexual misconduct to ensure "that all students feel safe in their school." The directive's preamble declared: "The sexual harassment of students, including sexual violence, interferes with students' right to receive an education free from discrimination and, in the case of sexual violence, is a crime." ... "If a school knows or reasonably should know about student-on-student harassment that creates a hostile environment, Title IX [of a 1972 civil rights law] requires the school to take immediate action to eliminate the harassment, prevent its recurrence, and address its effects," Ali wrote. The music teacher and other school officials were faithfully if ridiculously executing that command when they investigated the tip from the kids who tattled.

We have written extensively about the so-called Prawer-Begin Plan to redevelop Bedouin communities in the Negev desert. (added) The Plan never was official Israeli policy. It simply was a bill advancing through the Knesset but never fully approved and never law. The Plan would have included relocating...

I should have been more all over the budget deal reached between Paul Ryan and What's-Her-Name-From-Way-Over-There. I've been trying to understand both the details and the big picture. One thing I have noticed is that the mainstream media is loving it, REPUBLICAN SCHOOLYARD FIGHT! (Today's ALL CAPS courtesy of Jim Geraghty.) From Rick Klein at ABC News, Boehner’s Big Blast (ALL CAPS added):
It will be remembered for a message: This was the time that REPUBLICAN LEADERS SAID TO THEIR FRIENDS, CUT IT OUT. “This is ridiculous,” House Speaker John Boehner declared of the opposition brought forward by an array of his erstwhile allies – Club for Growth, Heritage Action, the Koch brothers, and -by implication- senators including Marco Rubio, Rand Paul, Tom Coburn, and even Mitch McConnell and John Cornyn. The agreement set to pass the House today is significant but ultimately minuscule. It buys two years’ of budget peace, but in a familiar fashion: BY AVOIDING THE TOUGH STUFF (taxes, entitlements…).

I had a conversation on Twitter today with Professor Claire Potter, the subject of the post Tenured radicals cannot be trusted with our academic freedom. Potter first forcefully and repeatedly opposed the academic boycott of Israeli educational institutions proposed by the American Studies Association because it...

Just days ago we reported that George Zimmerman’s girlfriend wanted to drop charges and filed a court affidavit denying that any crime was committed. Prosecutors just announced that the State will drop charges.  Zimmerman's ankle monitor was removed and he is a completely free man now. Via AP:
Prosecutors say they will not file domestic violence charges against George Zimmerman after his girlfriend said in a sworn statement she did not want to pursue the case. State Attorney Phil Archer in Seminole County said in a statement Wednesday that Samantha Scheibe's decision not to cooperate and the lack of other corroborating evidence made a successful prosecution unlikely. Zimmerman had faced charges of aggravated assault, battery and criminal mischief following a Nov. 18 incident at the central Florida house he shared with Scheibe. She initially told police Zimmerman pointed a shotgun at her face, then recanted in an affidavit filed this week. Zimmerman was acquitted last summer in the shooting death of unarmed, black teenager Trayvon Martin. The case sparked a nationwide debate about race and self-defense laws.
https://twitter.com/JeffWeinerOS/status/410888409184358400

Mary Landreiu is inextricably tied to the passage of Obamacare. The most recent Louisiana Purchase was not about land, it was about securing Landreiu's vote. She also voted against fixes proposed by Republicans to prevent people from losing their plans. The problem for Landrieu and all other Democrats up for reelection in 2014 is that the Obamacare rollout has been a disaster, and not just as to the website. Landrieu is getting hammered by ads throwing her own words back at her: Landreiu's apparent strategy is to try to thread a needle. Landrieu's first ad of the political season is damage control, an attempt to isolate the loss of plans and shift the blame to someone else, namely Obama (via Politico, h/t Townhall):

Update 12-11-2013 a.m. The police action failed to dislodge the protest encampment, and may have backfired as more people are moving to Independence Square to join the protesters. You can still file live coverage at the video and Twitter embeds below. https://twitter.com/DEShellenberger/status/410767401555226625 https://twitter.com/herszenhorn/status/410769635492257792 --------------------------------- Is tonight the night Ukrainian police dismantle the protest camps in Independence Square in Kiev? The protesters are trying to keep Ukraine from falling back under de facto Russian control. For more background, see out prior posts. Several live feeds fro different locations are embedded below.

I just watched the press statements from Paul Ryan and Patty Murray. The details are being described all around as "modest" and a time out. The key is that nothing much was accomplished as to the overall budget trajectory. There also was "sequester relief," meaning that one of the only things restraining spending was weakened (Ryan justified that by saying that new sequester cuts were mostly from the military). While there are no "new taxes," beleaguered airline passengers will see new ticket fees. But it's not a tax! Most of the MSM headlines are predictable -- Congress is working again! NBC summarizes the "deal" as follows:

There war on little boys in elementary schools continues unabated. Little children are being punished with suspensions, expulsions, and permanent damage to school records based on standards of conduct carried into elementary schools from the adult world. Typically, but not exclusively, the insanity is directed at little boys for alleged violation of zero tolerance gun and sexual harassment policies. KRDO reports:
A Canon City school six-year-old boy has been accused of sexual harassment and the school suspended him for kissing a girl on the cheek and hand. A child psychologist said the tough treatment could have negative consequences. She said the kissing is normal behavior for children of that age. Lincoln School of Science and Technology is home to young growing minds from Kindergarten to 5th grade. Six-year-old Hunter Yelton is one of them suspended two days for kissing a girl once on the hand and another time on the cheek. Sandy Wurtele, a child clinical psychologist at UCCS, specializes in child sexual development and the prevention of childhood sexual abuse. She said she wasn't surprised when we told her about Hunter kissing a classmate. "For most six-year-old boys, absolutely. That would be a normal behavior,” said Wurtele. However, she was surprised to hear the school suspended him.
The Principal is defending the punishment:

The news of the day is that John Podesta, the founder and head of The Center for American Progress,  is becoming a White House advisor.  The NY Times reports, Ex-Clinton Aide Expected to Join Obama: President Obama, after a rocky year that leaves him at the lowest...