Anti-Affirmative Action: The U.S. Supreme Court, delivering its second major blow in less than a year to civil rights organizations, on Tuesday upheld Michigan’s voter-approved ban on the use of race preferences in admissions at the state’s public universities, The National Law Journal reports.
Small Firms, Big Deals: Tiny firms formed by alumni from banks such as Goldman Sachs and UBS are challenging big banks’ prospects of earning lucrative advisory fees, which have been harder to come by since the global financial crisis. Among them: Paul Taubman, formerly of Morgan Stanley, who advised Comcast Corp. on its $45.2 billion takeover of Time Warner Cable Inc. while working from office space borrowed from Weil Gotshal & Manges, Bloomberg reports.
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