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Articles by Jay Chaudhuri
With Election Season Upon Us, Ethics Counsel Should Remain Vigilant About the SEC’s Pay-to-Play Rules
With the 2024 general election only eight months away, now is a good time for ethics and compliance counsel of public pension funds to refresh their understanding of the Securities and Exchange Commission’s (“SEC”) Rule 206-4(5) under the Investment Advisers Act of 1940. It’s also a good time to remain vigilant about this so-called “Pay-to-Play Rule” and its implications.
Spring 2024 Shareholder Advocate Released
The Spring 2024 issue of the Shareholder Advocate, our quarterly securities litigation and investor protection newsletter, features: Carol Gilden and Jan Messerschmidt on the Pluralsight litigation settlement Molly Bowen and Carol Gilden on the shareholder derivative lawsuit aiming to hold Abbott accountable for baby formula contamination Aaron Marks on antitrust litigation as a tool for multi-employer health funds to recover damages for inflated prescription prices Molly Bowen and Richard...
Opinion: Why Biden And Modi Should Establish A New Hindi Language Fund
By JAY J. CHAUDHURI, North Carolina Senate Minority Whip This week, President Joseph Biden hosts Prime Minister Narendra Modi of the Republic of India for an official visit to the United States, only the third world leader invited by President Biden. This week’s visit marks Prime Minister Modi’s sixth visit to the United States since 2014.
“Renters Choice” legislation could provide more affordable housing | Raleigh News & Observer Original
Adopting “renters choice” legislation in North Carolina would eliminate the cost of up-front deposits, two Democratic state lawmakers say. (AP Photo/Paul Sakuma, File) Paul Sakuma AP We are in the midst of a housing crisis in North Carolina. Over the last decade, rent costs have skyrocketed in our state, dramatically outpacing the national average, leaving many of our residents unsure of how they will afford a roof over their head.
NC Democrats respond to Sen. Phil Berger on mail-in voting
Before the General Assembly has even convened to address the COVID-19 crisis, Republican Senate Pro Tem Phil Berger has already set a discouraging tone for the short session. When it comes to the critical changes needed to election laws and process, Senator Berger told the Charlotte Observer editorial board, “There is zero trust that this process would be fair and transparent.” The legislative process hasn’t even begun, and Senator Berger is already casting doubt on its legitimacy.
The most important pledge Democratic presidential candidates can make
Next week, more than 20 Democratic presidential candidates will gather in Miami for two days of debate to discuss who’s best positioned to beat Donald Trump. They will make pledges on education, health care and taxes. But, here’s the most important pledge each and every candidate should make: To rebuild the Democratic Party from the state house up. Here’s why: The party that controls state legislatures after Election Day in 2020 will redraw congressional districts for the next decade.
4 concrete ways NC R’s and D’s can work together
Voters this month elected enough Democrats to break the Republican supermajority in both chambers of the General Assembly. With Republicans still in charge, they have two clear options in how they will govern entering the 2019 legislative session. They can work closely with Democrats to find common ground. Or they can continue to carry out a highly partisan agenda. I hope my Republican colleagues will pursue the first choice because there are four common-sense areas to find common ground.
Why you need multiple PhDs to understand this NC constitutional amendment
It’s November 6, 2018. You’ve waited in line at your polling site, you’ve received your ballot, and you’re now in the voting booth.
Texas, don't make the mistake North Carolina made
There’s a strange coincidence of events transpiring down South with transgender rights. Here, in North Carolina, time is running out for our General Assembly. Most observers believe that if we don’t repeal House Bill 2, the most anti-LGBTQ legislation in the country, this week, our state will lose all collegiate state championships for not one year, not for two years, but for the next six years. That could cost North Carolina more than $500 million and 1,400 jobs.
Let the Lone Star shine alone again tonight
Well there's some Lone Star State legislation would put a tax on masturbation — and I want to say that's just asking for a fight! Those lawmakers better get a grip, or some cowboy's going to flip — they want to take away another right. I read it in the state constitution, the clause guaranteeing self-pollution: a man may pollute himself with all his might.
Keep the promise on Transportation Funding
Just two years ago, Texas voters were presented with a constitutional amendment to dedicate a portion of oil and gas severance taxes to highway and mobility projects. Over 80 percent of voters approved. Last year, another constitutional amendment for transportation was put before the voters to dedicate a portion of general sales taxes and motor vehicle sales taxes to highways. An even greater portion of voters — 83 percent — approved Proposition 7.
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