Archive for October 27th, 2015

October 27, 2015

Lazaro Participates in Panels at Public Investors Arbitration Bar Association’s Annual Meeting and Securities Law Seminar

This past week, Professor Christine Lazaro attended the Public Investors Arbitration Bar Association’s Christine Lazaro(PIABA) Annual Meeting and Securities Law Seminar.  Professor Lazaro participated as a panelist on two panels, “Overcoming Comparative Fault, Ratification and Other Common Brokerage Defenses” and “Supervisory and Compliance Structures of Brokerage Firms,” and moderated a third panel, “Case Law Round-up/Hot Topics.”  Additionally, Professor Lazaro submitted an article for the written materials for the program, “Supervision and Compliance of Brokerage Firms.”  During the meeting, Professor Lazaro was elected to PIABA’s Board of Directors and was appointed co-chair of its Fiduciary Duty Committee. 

October 27, 2015

Sovern Quoted by LegalNewsline

Sovern Two[2]

Jeff Sovern, a newswire covering state courts and attorneys general, quoted Professor Jeff Sovern in an article headlined Future of case against Best Buy could depend on if consumers are seen as gullible. The story, which reported on a suit against Best Buy for refusing to honor an offer to sell $200 gift cards for only $14, stated:

Jeff Sovern, a consumer rights expert and law professor at St. John’s University, spoke with Legal Newsline about this case. He said the verdict will likely be determined by what is expected of consumers.

“It sounds like the Best Buy offer was a typo. Courts have sometimes held advertisers liable for not living up to a price printed in error,” Sovern told Legal Newsline. “False advertising laws generally focus on whether a consumer would have been deceived by the ad.”

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“My own guess is that a reasonable consumer would recognize that was a typo,” Sovern said. “But other laws ask whether the ad would fool the credulous consumer. Maybe a credulous consumer would have been deceived.”

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