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November 21, 2012 - Image 1

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The Michigan Daily, 2012-11-21

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Ann Arbor, Michigan

Wednesday, November21, 2012

michigandaily.com

UNIVERSITY ATHLETICS
- Brandon:
Expanded
Big Ten a
boon for 'U'

DEFACING OSU

Maryland, Rutgers
could engage large
alumni base on the
East Coast
By STEPHEN J. NESBITT
ManagingSports Editor
After days of rumors, Rutgers
confirmed Tuesday that it was
joining the Big Ten, becoming
the conference's 14th team only
one day after it was announced
that Maryland would also join
the conference.
Rutgers University presi-
dent Robert Barchi, athletic
director Tim Pernetti and Big
Ten Commissioner Jim Delany
announced the move in a Tues-
day afternoon press conference.
Rutgers' jump from the Big East
to the Big Ten will likely mean
an increase in revenue as the
school hopes to capitalize on the
conference's lucrative television
contract and national stature.
After the Rutgers Board of
Governers faxed in its applica-
tion Tuesday morning to join
the conference, the Big Ten
Council of Presidents unani-
mously voted to approve the
Scarlet Knights. Rutgers, found-
ed as Queen's College in 1766,
becomes the conference's oldest

university.
"The Big Ten includes Amer-
ica's most highly regarded aca-
demic institutions, known for
both their athletic success and
academic achievement," Barchi
said. "This is exactly the right
conference for Rutgers. Our
university is one of the nation's
leading research universities
and our student-athletes excel
in the classroom and on the
playing field."
Barchi called it "ahistoric day
for Rutgers University." Pernetti
said it was "a transformative
day."
"The- Big Ten conference is
the ultimate academic neighbor-
hood to live in," Pernetti said.
"And we're not in that neighbor-
hood, with like-minded institu-
tions, peer schools. This is not
just about collaborations on the
field of play, this is about a col-
laboration at every level."
Though Maryland announced
it would join the Big Ten on July
1, 2014, an exit policy with the
Big East has handicapped Rut-
gers in determining a date to
join the conference. The Big
East requires 27 months' notice
before a team departs, though
the Scarlet Knights are in dis-
cussions to negotiate a deal to
leave earlier.
The additions of Rutgers and
See BIG TEN, PageSA

PAULSHERMAN/Daily
LSA junior Galit Rudelson pies LSA junior Lauren Himmel in the face on the Diag yesterday as a part of Dance Marathon's week of events raising money for C.S.
Mott Children's Hospital.
LEGAL DISPUTE
SEC sues medicalI prof.

Gilman allegedly
involved in $276
million insider
trading scheme
By ADAM RUBENFIRE
Daily News Editor
Neurology Prof. Sidney Gil-
man is being sued by the U.S.
Securities and Exchanges Com-
mission for his alleged role in
a historically lucrative insider

trading scheme.
In a complaint filed in the
U.S. District Court of the South-
ern District of New York on
Tuesday, the SEC alleged that
Gilman provided non-public
information about a clinical trial
to Matthew Martoma, a port-
folio manager at CR Intrinsic
Investors, ahedge fund manage-
ment firm based in Connecticut.
The SEC claims that Mar-
toma's hedge funds and other
affiliated funds garnered $276
million in profits or avoided
losses in July 2008 by trading

securities before Gilman was
scheduled to make a "negative
public announcement" regard-
ing the results of clinical trials
for an Alzheimer's medication
being developed for Elan Corpo-
ration and Wyeth, Inc.. Wyeth
was acquired by Pfizer, Inc. in
2009. Pfizer occupied the North
Campus Research Complex
before the University bought the
facility.
Though it went after Mar-
toma, Gilman and CR Intrinsic,
the Wall Street Journal report-
ed that it appears that Steve A.

Cohen, founder and owner of
SAC Capital Advisors L.P., the
parent firm of CR Intrinsic, is
their final target.
Though the SEC complaint
doesn't name Cohen or SAC
Capital Advisors, it notes that
Martoma collaborated with CR
Intrinsic's portfolio manager,
known as "Portfolio Manager
A," who is identified as the
founder and owner of "Invest-
ment Adviser A" - a firm which
is also alleged to have benefited
from the scheme - and CR
See SEC, Page SA

SENATE ASSEMBLY
Faculty request more input
in choosing U' executives

SACUA resolution ,
asks for increased
involvement in
hiring process
By PETER SHAHIN
Daily StaffReporter
The University's Senate
Assembly Committee on Univer-

sity Affairs passed a resolution
on Monday calling for more non-
administration faculty on search
committees for the University's
executive officers.
The Senate Assembly is the
representative body of all regu-
lar faculty members on cam-
pus, and the primary advocate
for faculty concerns and issues.
Though the resolution, authored
by Scott Masten, a Business
professor and SACUA mem-

ber, carries no official weight, it
demonstrates a growing desire
among faculty for increased non-
administration involvement in
the hiring of the successors of
University President Mary Sue
Coleman and other executive
officers. Coleman's contract is
set to expire in 2014, and a search
for her replacement will likely
begin soon.
"We urge that search commit-
See FACULTY, Page 5A

0

NICK WILLIAMS/Daily
To raise awareness for Americans with disabilities and support veterans, Army and Navy veterans squared off in a
wheelchair basketball game at Crisler Center on Tuesday.
Navy, Army face off
in third annual game
W heelchair of about 250 people gathered at Week, a disability awareness
Crisler Center to watch a bas- initiative organized by the Uni-
basketball event ketball game that was slightly versity's Council for Disability
different than the usual games Concerns.
honors veterans played at the arena. The event included perfor-
Members of the Univer- mances by the Men's Glee Club,
By IAN DILLINGHAM sity and military communities the University Dance Team,
Daily Staff Reporter gathered for the third annual Tri-Service Color Guard and
Army vs. Navy wheelchair bas- the 338th Army Band. Student
There was a special feeling ketball game. The event was volunteers from the Maize
of excitement and competition the culmination of the Uni- Rage, Circle K and the Men's
Wednesday evening as a crowd versity's Investing in Ability See GAME, Page 5A

Applicants take
advantage of lax
foreign policies
By ARIANA ASSAF
For the Daily
Pre-health students seeking to
impress medical schools by per-
forming elaborate procedures

abroad might want to think
twice before putting their for-
eign experiences on their appli-
cations.
In recent years, University
academic counselors and medi-
cal school application offices
have noticed a significant rise in
students who claim to have per-
formed procedures they are not
properly trained for. According
to counselors, some pre-health

RESEARCH ABROAD
Advisers urge students to avoid
performing procedures abroad

students struggling to find shad-
ow opportunities in the United
States have started working with
disreputable organizations locat-
ed primarily in Central America,
taking advantage of the lack of
supervision and looser medical
protocols.
Mariella Mecozzi, the senior
assistant director of pre-profes-
sional services at the Univer-
See PROCEDURES, Page 5A

~ V ~

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INDEX NEW S.........................2A CLASSIFIEDS ...............6A
Vol. CXXIII,No,48 OPINION....................4A ARTS ......................8A
©2t2heichan~aily SPORTS...........6A THE STATEMENT..........18
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