Law Commons^™

Midwest Corporate Law Scholars Conference Presentation: Mitigating The Harmful Effects Of Proxy Access (Sec Rule 14a-11), Bernard S. Sharfman

Bernard S Sharfman

Presentation given at the Midwest Corporate Law Scholars Conference (June 15, 2011)

Llcs And Corporations: A Fork In The Road In Delaware?, Joshua P. Fershee

Joshua P Fershee

As Vice Chancellor Laster explained in CML V, LLC v. Bax, 6 A.3d 238 (Del. Ch. Nov. 3, 2010): '[T]here is nothing absurd about different legal principles applying to corporations and LLCs.'" This short paper argues that courts should respect the LLC as a business form distinct from corporations and that Delaware courts have taken the first step toward doing just that.

Where legislatures have decided that distinctly corporate concepts should apply to LLCs—such as allowing piercing the veil or derivative lawsuits—those wishes (obviously) should be honored by the courts. But where state LLC laws are silent, courts should carefully …

Innkeepers: A Unifying Theory Of The In-House Counsel Role, Omari S. Simmons

Omari Scott Simmons

The emergence of the in-house counsel role, or “innkeepers” in the terminology of this Article, is one of the most significant shifts in the legal profession over the past half century and this development inevitably has implications for legal scholars, policymakers, and practitioners. A concise, all encompassing, theory of the in-house counsel role has proven elusive for legal scholars, as well as a comprehensive analysis of in-house counsel impact on business enterprises. In order to fill this significant gap in the legal literature, this Article articulates a unifying theory of in-house counsel value creation positing that the strategic in-house counsel …