Ballard Spahr: Industry Concerns Prompt SEC to Modify MCDC Initiative.
U.S. SEC’s Piwowar Calls for More Price Transparency for Munibonds.
Lawyers: MCDC Changes Foster More Tension.
U.S. Treasury to Put Public Pensions Under Scrutiny.
California High-Speed Rail Bonds Revived by Appeals Court.
Register for MSRB’s Webinar on Revised Draft Rule G-42.
California ex rel. California Dept. of Transp. v. U.S. Dept. of Labor – District Court issues interim ruling in dispute between California transit agencies and the Department of Labor arising from DOL’s withholding of over $1 billion in transportation funding in connection with the elimination of certain collective bargaining rights under California’s recently-enacted Public Employees’ Pension Reform Act; motion for summary judgment to be heard on August 28 and we’ll keep you posted.
Madison Teachers, Inc. v. Walker – Supreme Court of Wisconsin holds, inter alia, that provisions of state budget repair act that prohibited city from paying on behalf of a general employee the employee share of required contributions to the city employees’ retirement system violated neither the Home Rule Amendment, nor the Contract Clause.
And finally, Great Moments in Pedagogy is brought to us this week by DeYoung v. Commission on Professional Competence of the Hueneme Elementary School District, in which Mr. DeYoung acted out the fantasies of many an elementary school teacher when he became “angry and frustrated with students who were talking and laughing during a classroom movie.” “He grabbed some of the students, told them to ‘shut up,’ called them ‘stupid,’ struck one student in the foot with a chair, hit three students on top of the head with a yardstick or metal desk leg, and threw a pencil or pen at two or three students.” Was it the children, the teacher, or the court who couldn’t manage to distinguish between “a yardstick or metal desk leg?”

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