U.Va. Law Students are Setting New Precedents
U.Va. law students are again making headlines. The school’s Innocence Project Clinic received a lot of ink and airtime for getting a Chantilly man off of Death Row and seeking to clear a Culpeper man of murder, among other things.
Now comes word that a second clinic may take us another step closer to understanding the financial crisis.
In response to a motion prepared by U.Va. law students in the First Amendment Clinic, a federal judge on Monday ordered American International Group Inc. and the Securities and Exchange Commission to publicly release corporate monitor reports on AIG leading up to the financial meltdown in 2008.
Three students – Tiffany Parrish Rainbolt, Kelsey Hazzard and Hallee Morgan – largely wrote the motion filed.
Joshua Wheeler, co-director of the clinic and director of the Thomas Jefferson Center for the Protection of Free Expression, said the case is potentially precedent-setting, as he doesn’t know of a previous instance in which a corporate monitor’s reports have been released to the public.
Wheeler added that the release of the reports will be crucial in assessing the actions of both AIG and the SEC prior to the financial crisis. Any new insights gleaned from the reports will be due in large part to the students’ hard work, he said.