They are most appalled by the way the hierarchy have protected their own: by the way, for example, Cardinal Bernard Law of Boston moved several offending priests around from parish to parish, where they simply repeated their offences.

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In a fascinating paper published last year, Stanford law professor Bernard S. Black correlates market discounts for Russian firms with their tendency toward uncouth behavior (such as stripping assets or shafting minority shareholders).

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Another firm representing Belmont is the Philadelphia law firm of Bernard M.

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One way to minimise the cost of shareholder activism, says Bernard Black, at Stanford Law School, would be for institutions to put their strength behind initiatives that affect hundreds of companies, not just pick on a few.

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Bernard Krooks is managing partner at the law firm Littman Krooks LLP.

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Bernard Krooks is a New York Elder Law and New York Estate Planning lawyer with offices in White Plains, Fishkill, and New York, New York.

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