on funds being less liquid and underestimating risk

Link: http://www.bloomberg.com/news/articles/2015-12-15/creditors-bawl-how-investors-ignored-risk-of-junk-bond-rout

——————–

In a story on liquidity questions at bond funds after investor lock-up at
Third Avenue:

“The question is whether funds like this are as liquid as investors had
thought,” said Erik Gordon, a University of Michigan law professor. “The
reality is even big, sophisticated investors underestimate the risk of
uncommon events, even though liquidity has been a problem in front of their
eyes all along.”

Bloomberg BusinessWeek:

http://www.bloomberg.com/news/articles/2015-12-15/creditors-bawl-how-investors-ignored-risk-of-junk-bond-rout

Washington Post:

http://washpost.bloomberg.com/Story?docId=1376-NZDCAZ6JIJUW01-2JB06UUKOSDTDA22I8FNTSE0D4
_____________________
Erik Gordon
Ross School of Business
University of Michigan
Ann Arbor, Michigan

in Die Zeit, the national weekly in Germany

Link: http://www.zeit.de/wirtschaft/unternehmen/2015-12/vw-skandal-richter-prozess-klagen-charles-breyer

——————–

On the assignment of the US class actions against VW to federal district court judge Charles Breyer, in Sam Fransisco, instead of Detroit, New York or Delaware.

“Es gibt wenige Richter im Land, die derart erfahren sind mit diesen großen Fällen”, sagt Erik Gordon, Rechtswissenschaftler an der University of Michigan. Breyer werde sich nicht von den Anwälten der Kläger und nicht von VW hinters Licht führen lassen. Verzögerungstaktiken und Anwälte, die sich vor allem selbst bereichern wollen, hätten bei dem 74-Jährigen keine Chance. “Es ist schließlich nicht sein erster Auftritt in diesem Zirkus”, sagt Gordon.

http://www.zeit.de/wirtschaft/unternehmen/2015-12/vw-skandal-richter-prozess-klagen-charles-breyer

Erik Gordon
Ross School of Business
University of Michigan

on the VW U.S. litigation being consolidated in San Fransisco

Link: http://www.bloomberg.com/news/articles/2015-12-08/volkswagen-consumer-lawsuits-sent-to-san-francisco-u-s-court-ihxwhn48

——————–

Bloomberg BusinessWeek:

http://www.bloomberg.com/news/articles/2015-12-08/volkswagen-consumer-lawsuits-sent-to-san-francisco-u-s-court-ihxwhn48

The Washington Post (same story):

http://washpost.bloomberg.com/Story?docId=1376-NZ26E76VDKHS01-551MEERH58RPPIIHISBEFNQAAE
_____________________
Erik Gordon
Ross School of Business
University of Michigan
Ann Arbor, Michigan

About one sentence in the lead story on NPR’s Marketplace, on the GE-Electrolux deal and GE’s reorganization

Link: http://167.88.156.220/podcast/marketplace/pm/2015/12/07/pm_20151207_pod_64.mp3?listeningSessionID=565cbeb9f67ef283_613771_SiA6SXgs_0000000MrX5

——————–

http://167.88.156.220/podcast/marketplace/pm/2015/12/07/pm_20151207_pod_64.mp3?listeningSessionID=565cbeb9f67ef283_613771_SiA6SXgs_0000000MrX5

_____________________
Erik Gordon
Ross School of Business
University of Michigan
Ann Arbor, Michigan

in The New York Times, on the Keurig coffee deal.

Link: http://www.nytimes.com/2015/12/08/business/dealbook/keurig-green-mountain-to-be-bought-for-13-9-billion.html?ref=business

——————–

“Only a group that wants to dominate the world would pay so much for such a
weak player,” Erik Gordon, a professor at the University of Michigan, said
of the offer for Keurig.

(I might have gotten a little dramatic there.)

_____________________
Erik Gordon
Ross School of Business
University of Michigan
Ann Arbor, Michigan

on the possibility of a proxy fight over Yahoo’s future, in Bloomberg BusinessWeek

Link: http://www.bloomberg.com/news/articles/2015-12-05/marissa-mayer-s-next-headache-may-be-a-nasty-proxy-fight

——————–

On the possibility of a proxy battle initiated by Starboard Value, the fund
that successfully ousted the entire board of Darden Restaurants

“The board is going to end up having to negotiate something with Jeff one
way or the other,” said Erik Gordon, a professor at the University of
Michigan’s Ross School of Business, referring to Starboard’s CEO. “They can
do it behind closed doors or they can do it after he prevails in a proxy
fight.”

http://www.bloomberg.com/news/articles/2015-12-05/marissa-mayer-s-next-headache-may-be-a-nasty-proxy-fight

_____________________
Erik Gordon
Ross School of Business
University of Michigan
Ann Arbor, Michigan

In tomorrow’s Financial Times, on VW’s management of its emissions crisis

Link: http://www.ft.com/cms/s/0/b9f35440-98ed-11e5-bdda-9f13f99fa654.html#axzz3tDBqUTf2

——————–

“The mismanagement of the crisis will be a classic case study in business
schools around the world,” says Professor Erik Gordon of the Ross School of
Business at the University of Michigan.

He adds: “VW is taking every opportunity to compound its troubles with US
regulators and the damage to its image with US consumers.”

http://www.ft.com/cms/s/0/b9f35440-98ed-11e5-bdda-9f13f99fa654.html#axzz3tDBqUTf2

—
_____________________
Erik Gordon
Ross School of Business
University of Michigan
Ann Arbor, Michigan