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Full-Text Articles in Law
Scratch My Back, And I'Ll Scratch Yours: Scratching The Surface Of The Duty Of Care In Cross Sector Collaborations - Are For-Profits Obligated To Ensure The Sustainability Of Their Partner Non-Profits?, Christyne J. Vachon Esq.
Scratch My Back, And I'Ll Scratch Yours: Scratching The Surface Of The Duty Of Care In Cross Sector Collaborations - Are For-Profits Obligated To Ensure The Sustainability Of Their Partner Non-Profits?, Christyne J. Vachon Esq.
UC Law Business Journal
Nonprofits and For-profit corporations increasingly interact with each other to gain the mutual benefits of cross sector Collaborations. Nonprofits gain access to resources, expertise, and new business avenues, among other benefits. For-profits gain good will, trust, and access to new markets. The Collaboration can lead to corporate governance issues that should not be overlooked during management decision making. The article evaluates a Continuum of engagement in the For-profit and Nonprofit Collaboration that informs the requisite duty of care for the entities’ boards of directors. Ultimately, the duty of care owed by the For-profit to the Nonprofit depends on where the …
Debunking The Myth That Insurance Coverage Is Not Available Or Allowed For Intentional Torts Or Damages, Christopher C. French
Debunking The Myth That Insurance Coverage Is Not Available Or Allowed For Intentional Torts Or Damages, Christopher C. French
UC Law Business Journal
A common misconception that insurance coverage is not available for intentional injuries or damage is, in fact, untrue. This myth is based in the “fortuity doctrine” that provides insurance should only cover losses by chance, and public policy that disfavors insurance for intentional harms. In reality, many types of liability insurance policies cover intentional torts ranging from trademark infringement to defamation and employment discrimination. These policies also cover punitive damage awards in most jurisdictions. Furthermore, public policy actually favors insurance recoveries for intentional torts because no empirical data exists to support the proposition that liability insurance increases policy holder misconduct. …
Mers: The Unreported Effects Of Lost Chain Of Title On Real Property Owners, David E. Woolley, Lisa D. Herzog
Mers: The Unreported Effects Of Lost Chain Of Title On Real Property Owners, David E. Woolley, Lisa D. Herzog
UC Law Business Journal
A Mortgage Electronic Registry System ("MERS") keeps electronic records on half of the home mortgages in the United States. The author analyzes the destructive effect that the MERS system will have on 400 years of recorded property rights in the United States, explains how junior and senior property rights are determined in the face of a boundary dispute, and discusses the robo-signer scandal. The article explains how the lost chain of title affects homeowners with or without mortgages in the MERS system, including the ramifications on the ground for determining property boundaries and proof of ownership in order to obtain …
Supplier Tactics For Dealing With Financially Distressed Corporate Customers, John A. Pearce Ii, Ilya A. Lipin
Supplier Tactics For Dealing With Financially Distressed Corporate Customers, John A. Pearce Ii, Ilya A. Lipin
UC Law Business Journal
The 2007 recession led to thousands of corporate bankruptcies. When a corporation declares bankruptcy, suppliers are forced to recover payments that are legally owed to them, and thus suffer severe economic losses. Suppliers can benefit from being proactive in their use of legal tools to increase the probability of collecting receivables from their customers. This article explains how bankruptcy can affect suppliers' ability to obtain full payment for goods sold and details remedies available to suppliers under the Bankruptcy Abuse Prevention and Consumer Protection Act ("BAPCPA"). The author also provides tactics for how to improve the leverage of the supplier …
California License To Be Sued: A Critique Of Strict Liability Imposed On Business Owner Licensees From The Perspective Of The Smog Check Industry, Zachary Young
UC Law Business Journal
This article criticizes strict liability when used in disciplinary actions by regulatory agencies. The article examines the strict liability theory from the perspective of the automotive smog check industry, where the law is relatively new, to set forth principles that should be applied to a number of industries. The article also discusses the background of the smog check industry and its governing law and critiques the current state of the law by discussing the burdensome effect it places on business owners including smog station owners. The article proposes a bright line rule to limit strict liability and more effectively pursue …
The Bonds That Tie: Will A Performance Bond Require That A Surety Deliver A Certified Green Building?, Darren A. Prum, Lorilee A. Medders
The Bonds That Tie: Will A Performance Bond Require That A Surety Deliver A Certified Green Building?, Darren A. Prum, Lorilee A. Medders
UC Law Business Journal
In 2006, the legislators of Washington, D.C. passed landmark legislation introducing green building requirements for various types of structures into the jurisdiction over a five-year period. A noteworthy aspect of the legislation is that it directed construction projects within the district to purchase green performance bonds up to $3 million to guard against a privately owned project’s failure to meet its green building aspirations. Outside of the regulatory requirements, lawsuits may also occur between the participants of a project if the finished structure fails to attain a third party certification. Given the need by project participants to address the risks …
What’S Good In Theory May Be Flawed In Practice: Potential Legal Consequences Of Poor Implementation Of A Theoretical Sample, A. Lynn Phillips, G. Michael Phillips, Melanie Stallings Williams
What’S Good In Theory May Be Flawed In Practice: Potential Legal Consequences Of Poor Implementation Of A Theoretical Sample, A. Lynn Phillips, G. Michael Phillips, Melanie Stallings Williams
UC Law Business Journal
This article discusses the problems with the use of statistical sampling in litigation. Sample-based research is increasingly used in a diverse array of cases including products liability, antitrust, intellectual property, and criminal law. Sample-based research provides objective evidence upon which decisions, damages, and liability may rest. Despite its importance, however, statistical evidence is often misused and misunderstood by attorneys unfamiliar with the underlying form of analysis. This article explores common errors when using litigative samples, comments upon best practices for the use in law of sample-based research, and demonstrates the importance of sound statistical sampling and data collection in a …
Fair Copyright Litigation: The Reverse Class Action Lawsuit, Brian Noh
Fair Copyright Litigation: The Reverse Class Action Lawsuit, Brian Noh
UC Law Business Journal
By some estimates, more than 40 billion songs were downloaded illegally in 2008. In recent years, some copyright holders seeking to curtail copyright infringement have filed thousands of claims against individual end-users and peer-to-peer network operators. The resulting scenario, in some instances, has required plaintiffs to prepare settlement strategies against thousands of individual defendants who are often ill equipped to deal with such suits. This note addresses the inability of the copyright law regime to resolve such scenario, one of the growing problems of the information age. Specifically, the author proposes that the solution to these problems is found in …
Plus Ultra: Third-Party Preservation In A Cloud Computing Paradigm, Joseph A. Nicholson
Plus Ultra: Third-Party Preservation In A Cloud Computing Paradigm, Joseph A. Nicholson
UC Law Business Journal
This note analyzes problems of electronic document preservation in the context of cloud computing. Such document storage policies pose special problems when a litigant’s data is subject to discovery but stored on the network of a third-party vendor. Without contractual preservation obligations, these third parties are likely to escape sanctions even when crucial data is destroyed. The note proposes various electronic storage solutions that would preserve data for discovery during litigation while exposing current problems associated with current litigation tools that fail to compel document production. Finally, the author proposes using terms of service agreements that would ease tensions but …
Connecting Law And Creativity: The Role Of Lawyers In Supporting Creative And Innovative Economic Development, Amanda M. Spratley
Connecting Law And Creativity: The Role Of Lawyers In Supporting Creative And Innovative Economic Development, Amanda M. Spratley
UC Law Business Journal
The article presents and discusses opportunities for advocacy that lie at the intersection of the legal and creative community. Economists have identified a shift from in the economy where the most valued quality for stimulating the economy is creativity. This shift will force lawyers to reorient their legal services to survive and better responds to their clients. The articles examines the challenges facing a subset of artists and the link between the creative economy and strengthening regional and local U.S. economies, focusing on the development of microenterprises. The article also details practical steps lawyers can take to provide legal assistance …
A Responsibility To Speak: Citizens United, Corporate Governance And Managing Risks, Roger Coffin
A Responsibility To Speak: Citizens United, Corporate Governance And Managing Risks, Roger Coffin
UC Law Business Journal
Contrary to prior assumptions, the right to corporate political speech established by Citizens United v. Federal Election Commission should not damage corporate stock prices or negatively affect firm value. A sampling of indexes and individual corporate stock prices provides empirical data demonstrating that corporate political spending does not harm shareholders. Special shareholder protections in the event of corporate political speech are therefore unnecessary and such corporate speech does not impinge a shareholder’s ability to exercise political beliefs. On the contrary, corporations require the ability to protect their own interest against regulation that may hamper economic success by engaging in political …
Encouraging Litigation: Why Dodd-Frank Goes Too Far In Eliminating The Procedural Difficulties In Sarbanes-Oxley, Jessica Luhrs
Encouraging Litigation: Why Dodd-Frank Goes Too Far In Eliminating The Procedural Difficulties In Sarbanes-Oxley, Jessica Luhrs
UC Law Business Journal
This note reviews the whistleblower protections in the Dodd-Frank Wall Street Reform and Consumer Protection Act. These sweeping protections decrease the barriers and increase the incentives for corporate whistleblowers, in part by decreasing procedural hurdles and providing potentially staggering cash bounties. This note argues that these whistleblower protections go too far and are likely to increase the number of false and meritless claims filed with the Securities and Exchange Commission. This note concludes that the Securities and Exchange Commission should address these shortcomings and supplement its regulatory efforts by incentivizing corporate transparency, penalizing those who file false claims, and encouraging …
Green Building Liability: Considering The Applicable Standards Of Care And Strategies For Establishing A Different Level By Agreement, Darren A. Prum
Green Building Liability: Considering The Applicable Standards Of Care And Strategies For Establishing A Different Level By Agreement, Darren A. Prum
UC Law Business Journal
Many in the construction industry have begun adopting green building practices, leading owners to demand specialists in this area to meet sustainable building goals. In taking on these projects, the parties may overlook the standard of care for disputes concerning green building liability. No case law has definitively resolved the appropriate standard of care for such projects, but through analysis of existing common law and approved strategies for creating contractual relationships, a likely standard for court treatment begins to emerge. The article recommends particular strategies that parties to green building contracts should undertake to avoid future disputes and set an …
The Creation And Destruction Of Price Cartels: An Evolutionary Theory, William Bradford
The Creation And Destruction Of Price Cartels: An Evolutionary Theory, William Bradford
UC Law Business Journal
Why are gas stations able to charge price premiums above competitive price and how are companies arrive at identical supracompetitive price? The article describes the causes and effects of supracompetitive pricing, explains the inability of antitrust law to suppress some instances of supracompetitive pricing, establishes the importance of trust between firms as a necessary condition for supracompetitive pricing, and illustrates how the strategic exchange of information is crucial to the creation and destruction of trust and thus to the evolution and devolution of price cartels. The author develops a "positive theory" that explains and predicts the evolution and devolution of …
High-Frequency Trading And The Flash Crash: Structural Weaknesses In The Securities Markets And Proposed Regulatory Responses, Ian Poirier
UC Law Business Journal
This note will illuminate the relatively unknown highfrequency trading industry. First, it will examine the state of the industry, in context with the flash crash of May 6, 2010 when a single trader in Kansas City sent the U.S. securities markets into a tailspin. Next, it will explain why the hodgepodge of regulations struggling to control this industry is entirely inadequate to prevent another crash. Finally, the authors suggest a better solution-relatively noninvasive controls that could be put in place to prevent future flash crashes and restore investor confidence.
The Jobs Act: Unintended Consequences Of The “Facebook Bill”, Tyler Adam
The Jobs Act: Unintended Consequences Of The “Facebook Bill”, Tyler Adam
UC Law Business Journal
The Jumpstart Our Business Startups Act (“JOBS Act”), in part, amended § 12(g) of the Securities Exchange Act of 1934. Originally enacted to impose mandatory disclosure requirements on non-reporting companies with a significant volume of trading, § 12(g) became dysfunctional due to changes in the market landscape. The JOBS Act amended § 12(g), first, by raising the shareholders of record threshold, and second, by excluding from the threshold number persons who received securities pursuant to certain employee compensation plans. This note argues that the JOBS Act’s retooling of § 12(g) fails to adequately resolve fundamental problems with the rule. Specifically, …
The Case Against Statutory Menus In Corporate Law, Daniel M. Häusermann
The Case Against Statutory Menus In Corporate Law, Daniel M. Häusermann
UC Law Business Journal
The author challenges the view among corporate law scholars that state legislatures should enact menus of predefined statutory rules from which corporations may select the governance terms of their choice. The private sector has produced menus of contract terms, such as standard form contracts and model documents, long before the idea of statutory menus became fashionable. There is no evidence that the market for private menus has failed, and legislatures are unlikely to be efficient menu producers. Advocates of statutory menus have suggested a number of rationales, most notably considerations based on transaction costs, network and learning effects, bounded attention, …