The Challenge

The newsletter of the ISBA’s Standing Committee on Racial and Ethnic Minorities and the Law

December 2011 • Volume 22 • Number 2 •

December 2011 Racial and Ethnic Minorities and the Law Newsletter

The new 2011 Guide to the Illinois Statutes of Limitation is here! The Guide contains Illinois civil statutes of limitation enacted and amended through September 2011, with annotations. This is a quick reference to Illinois statutes of limitation, bringing together provisions otherwise scattered throughout the Code of Civil Procedure and other chapters of the Illinois Compiled Statutes. Go to https://www.isba.org/store/books/guidetoillinoisstatutesoflimitation2011 for more information.

Back to School Savings! Sign up for the Unlimited Law Ed Passport Live or the Unlimited Law Ed Passport Online and earn unlimited MCLE credit through June 30, 2012! Go to www.isba.org/CLE/Passport to learn more.

Good News - The Illinois Supreme Court has eliminated the $20 fee for claiming writing credits. That means you can now write an article for this ISBA newsletter AND get MCLE credit for it—for free! Visit http://www.mcleboard.org/ for details.

Now every article is the start of a discussion. If you're a member of the Standing Committee on Racial and Ethnic Minorities and the Law, you can comment on any of the articles that appear below.

In This Issue

Chair’s column

By Ebony R. Huddleston

An introduction to the issue from Committee Chair Ebony Huddleston.

Saint or sinner? The efficacy of the proposed “1,000 Shareholder” amendment to Section 12(g)

By Cory White

Some lawmakers and regulators see the current “500 shareholder rule” of section 12(g) as a hindrance to capital formation, which has always been a stated goal of the SEC and other financial regulators. Representatives David Schweikert (R-AZ) and Jim Himes (D-CT) have introduced a bill that will amend Section 12(g).

The ISBA Diversity Leadership Award

Nomination and eligibility information for this important award, which recognizes long-standing, continuing and exceptional commitment by an individual or an organization to the critical importance of diversity within the Illinois legal community, its judiciary and within the Illinois State Bar Association.

Our own Gary Zhao named one of Chicago Magazine’s ‘40 under 40’

Learn more about Gary Zhao, a member of this Committee and a recent Chicago Magazine honoree.

Diversity Fellow Spotlight—Beverly A. Allen, Land of Lincoln Legal Assistance Foundation, Inc.

By Beverly Yang

Given her decades-long dedication to serving those who cannot afford legal services, advocating on behalf of minorities and fighting for equal justice, it is only fitting that Beverly has been appointed to the ISBA Diversity Leadership Council as a 2011-2012 Fellow.

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Disclaimer: This newsletter is for subscribers’ personal use only; redistribution is prohibited. Copyright Illinois State Bar Association. Statements or expressions of opinion appearing herein are those of the authors and not necessarily those of the Association or Editors, and likewise the publication of any advertisement is not to be construed as an endorsement of the product or service offered unless it is specifically stated in the ad that there is such approval or endorsement.