New York and California Step Forward as Federal Enforcement Retreats
As federal regulatory priorities narrow under the Trump administration, state attorneys general and financial regulators are preparing to take on a more active role in white collar and securities enforcement. With the DOJ and the SEC recalibrating their focus, states such as New York and California are asserting their authority to fill gaps in corporate oversight.
Policy News and Stock Market Volatility
When it comes to explaining stock market volatility, the story is rarely straightforward. In their article Policy News and Stock Market Volatility for the Journal of Financial Economics, Director Kyle Kost and coauthors Scott R. Baker, Nicholas Bloom, and Steven J. Davis revisit Robert Shiller’s 1981 finding that stock market fluctuations cannot be fully explained by realized future dividends.
This article focuses on the two main dispute mechanisms under the Premier League’s Rules: disciplinary proceedings under Rule W and arbitration under Rule X. The article also looks at the role of experts in both sets of proceedings.
Secretariat is thrilled to announce that 20 of our experts have been recognized as premier Construction professionals in the Lexology Index 2025 Thought Leaders – Construction report, including a leading number of Global Elite Thought Leaders (12).
Secretariat Experts Receive Recognition in Lexology Index Thought Leaders – USA 2026
Secretariat is proud to share that 11 of our experts have been named as USA Thought Leaders in Lexology Index’s 2026 listing.
Understanding Difference-in-Differences and Choosing The Best Tool For Antitrust Economic Analyses
Econometrics, the application of statistical methods to economic data, can be instrumental in the identification of anticompetitive behavior by assisting in analyses including the assessment of market power, the evaluation of competitive effects resulting from alleged anticompetitive conduct, and the quantification of damages.
Tamika Tremaglio Named as One of the Most Powerful Women in Washington by Washingtonian Magazine
Secretariat Managing Director Tamika Tremaglio has been named as one of the Most Powerful Women in Washington by Washingtonian Magazine.
Most Favored Nation (MFN) clauses are contractual provisions that were historically invoked between countries in treaties and trade agreements, promising, for example, that any lowering of tariffs on any trading partner would apply to all the most favored nations bound by the MFN agreement (hence the use of the term “nations”).
Quality Considerations in the Economic Analysis of Market Definition
In Antitrust analysis in the United States, the Small but Significant Non-Transitory Increase in Price (SSNIP) test is often a key component of market definition analysis, whether performed quantitatively or qualitatively.
Economic Lessons from the Novant Health CHS Drama
The abandoned transaction between Novant and Community Hospital System (CHS) for two North Carolina (NC) hospitals received substantial attention from the media, lawyers, and economists. Even though an initial district court ruling rejected FTC’s preliminary injunction request, a subsequent court decision pushed the parties to abandon the deal. This case was not a plain-vanilla deal. Some features made the antitrust discussion and the first instance ruling of particular interest, particularly for economic analysis of hospital mergers and considering deal-specific factors.
87 Secretariat Professionals Named in Lexology Index 2025 Consulting Expert Reports
Secretariat is pleased to share that 87 of our experts have been named in the Lexology Index 2025 Consulting Expert Reports series, achieving recognition as global industry leaders across several key categories.
Secretariat is heading to Toronto for the world’s premier gathering of legal and business professionals: the IBA Annual Conference, November 2–7, 2025.