Law Commons^™

Hostile Tender Offers For Companies Holding Licenses Issued By The Federal Communications Commission, Stephen F. Sewell

Federal Communications Law Journal

When a tender offer to acquire a company is made, those making the tender offer will have to overcome a number of regulatory hurdles. The number of hurdles multiply, however, when the offer is hostile and the target company holds licenses issued by the FCC. The article sketches the FCC's response to hostile tender offers for companies holding FCC licenses, specifically discussing the Commission's adoption of procedures in 1985 to address hostile tender offers. While these provisions provided needed clarification, the authority of the FCC to implement these provisions and the effectiveness of them as a matter of policy have …

Legislature Mulls Change Of Article 8, Francis J. Facciolo

Faculty Publications

(Excerpt)

A major revision of Article 8 of the Uniform Commercial Code was passed by the New York Assembly on July 2, 1996, but did not receive Senate consideration prior to adjustment. In light of the strong support given Proposed Article 8 by the banking and securities industries, the New York State Legislature will probably give serious consideration to passage when the next legislative session begins.

Although the supporters of Proposed Article 8 have stoutly maintained that it is primarily a clarification of the existing Article 8 and that the proposed changes are insignificant, the proposal actually includes major changes …

An Arkansas Practitioner's Guide To Perfecting Security Interests In Securities, Brokerage Accounts, And Other Forms Of Investment Property Under Revised Article 8 And Amended Article 9, Everette L. Martin

University of Arkansas at Little Rock Law Review

No abstract provided.

Three Proposals For A Latin American Stock Exchange In Miami: Full-Service Exchange, Private Offshore Market, Or A Computerized Financial Information Service, Les Riordan

University of Miami Inter-American Law Review

No abstract provided.

A Cloudy Prospectus: The Supreme Court's Problematic Reasoning In Gustafson V. Alloyd Co., Krista R. Bowen

Washington and Lee Law Review

No abstract provided.

The Fourth Circuit Breaks Ranks In United States V. Bryan: Finally, A Repudiation Of The Misappropriation Theory, Sean P. Leuba

Washington and Lee Law Review

No abstract provided.

Directorial Fiduciary Duties In A Tracking Stock Equity Structure: The Need For A Duty Of Fairness, Jeffrey J. Hass

Michigan Law Review

Part I of this article briefly describes the key distinctions between a tracking stock corporation and a conventional corporation. It then touches on the reasons why corporations have adopted tracking stock equity structures. Part II articulates the unique legal challenges presented by a tracking stock equity structure. Part III discusses the disclosure that tracking stock corporations have made with respect to these challenges. Part IV briefly summarizes the fiduciary duties of care and loyalty and explores why these duties are ill-equipped to address these challenges. Part V presents the duty of fairness and discusses the duty's elements in detail. In …

Insider Trading, Price Signals, And Noisy Information, Dennis S. Corgill

Indiana Law Journal

No abstract provided.

The Absence Of Cross-Cultural Communication: Sec Mandatory Disclosure And Foreign Corporate Governance, James A. Fanto

Faculty Scholarship

No abstract provided.

Concurso En Caso De Agrupamiento, Martin Paolantonio, Salvador Bergel

Martin Paolantonio

Análisis de la novedad introducida por la ley 24.522, permitiendo el concurso del agrupamiento económico. Referencia a las principales cuestiones tratadas y omitidas sobre la insolvencia del grupo económico

Derechos Del Cedente Ante El Eventual Incumplimiento Del Deudor Cedido, Martin Paolantonio, Juan Quintana

Martin Paolantonio

Breve nota a un fallo que niega la existencia de algún derecho "residual" en la cabeza del cedente de un crédito, cuando el deudor cedido no cumple íntegramente con la prestación debida

Consolidación De Deuda Pública (Ley 23.982), Ejecución Cambiaria Y Discusión De La Causa En El Proceso Ejecutivo En La Doctrina De La Corte Suprema De Justicia De La Nación, Martin Paolantonio

Martin Paolantonio

Análisis de un infrecuente supuesto en la jurisprudencia (en el caso, un fallo de la Corte Suprema de Justicia) admitiendo la discusión de la causa en la ejecución de título valores abstractos

El Cheque En La Ley 24.452: La Teoría General De Los Títulos Valores Y La Circulación De Créditos, Martin Paolantonio, Salvador Bergel

Martin Paolantonio

Un análisis de la reforma integral al régimen del cheque mediante la ley 24.452, desde la perspectiva de la teoría general de los títulos valores

La Responsabilidad Por Los Daños Y Perjuicios Derivados De La Traba Del Embargo Ejecutivo Y La Situación Del Tercero Cambiario, Martin Paolantonio

Martin Paolantonio

Nota a fallo responsabilizando por daños y perjuicios al endosatario de un pagaré que embargo al aparente suscriptor del documento a quien le habían falsificado la firma

Nulidad Parcial Y Total En El Derecho Del Consumidor, Martin Paolantonio, Salvador Bergel

Martin Paolantonio

Análisis de las consecuencias de situaciones de ineficacia contractual en contratos con consumidores, integración judicial del contrato en supuestos de invalidez parcial

Reflections On Executive Compensation And A Modest Proposal For (Further) Reform, Mark J. Loewenstein

Publications

No abstract provided.

Subject Matter Jurisdiction Under The Federal Securities Laws: The State Of Affairs After Itoba, Joseph P. Garland, Brian P. Murray

Maryland Journal of International Law

No abstract provided.

The Pentium Papers: A Case Study Of Collective Institutional Investor Activism In Litigation, Joseph A. Grundfest, Michael A. Perino

Faculty Publications

This article suggests that institutional investors have rational incentives to become more active in the litigation arena, but that the current debate is falsely constrained because it rests on the assumption that institutional investors must participate either by (1) assuming the formal role of lead plaintiff, class representative, or intervenor or, (2) not participating at all. This is a false dichotomy because, as this article demonstrates, institutions have available to them a rich array of flexible, informal, and relatively inexpensive mechanisms by which they can make their views known to litigants and courts alike.

Our hypothesis that institutional investor activism …

The Future Of The Private Securities Litigation Reform Act: Or, Why The Fat Lady Has Not Yet Sung, John C. Coffee Jr.

Faculty Scholarship

Much commentary about securities litigation shares the implicit premise that the Private Securities Litigation Reform Act of 1995 (Reform Act) is, for better or worse, a fait accompli – that is, legislation whose meaning is fixed and whose impact, while still debatable, is not contingent on future events. This Article sees it differently: the Reform Act is more like wet clay that has been shaped into an approximation of a human form by an apprentice craftsmen and has now been turned over to the master sculptor for the details that will spell the difference between high art and merely competent …

Suspension And Disbelief (Or, How Managed Should A Market Be?), Caroline Bradley

Articles

No abstract provided.

Securitization Of State Ownership: Chinese Securities Law, Minkang Gu, Robert C. Art

Michigan Journal of International Law

Part I of this article establishes the scope of analysis and defines the Chinese use of the term "security," which is more limited than under American law. Parts II and III briefly examine the history of Chinese securities laws and the understanding of securities by the Chinese people. Part IV focuses on the government's motivations in establishing the securities markets. Part V discusses the distinctively Chinese approach of classifying shares according to the characteristics and nationality of permitted shareholders. Part VI addresses the future development of Chinese securities markets. The conclusion reflects on the significance of western forms of securities …

Gustafson V. Alloyd Co.: The Wrong Decision, But It Is Still Business As Usual In The Securities Markets, Kimberly D. Krawiec

Faculty Scholarship

No abstract provided.

Proprietary Norms In Corporate Law: An Essay On Reading Gambotto In The United States, Deborah A. Demott

Faculty Scholarship

No abstract provided.

Municipal Securities Market: Same Problems -- No Solutions, Ann Judith Gellis

Articles by Maurer Faculty

This article examines the existing regulations of the municipal securities market, focusing on what activities prompted the regulatory changes and analyzing the direction and efficacy of these regulations in terms of the deficiencies in the market. Part One gives a background sketch of the market and its participants from the time of the New York City fiscal crises to today. Part Two discusses whether the existing regulation is sufficient to produce disclosure, focusing on the Orange County crises. Part Three offers a critique of the current regulatory scheme and makes some suggestions for reform.

Gustafson: One Small Step (Backward) For Private Plaintiffs, One Giant Leap (Backward) For The Securities Bar, J. Dormer Stephen Iii

Oklahoma Law Review

No abstract provided.

Transfers Of Control And The Quest For Efficiency: Can Delaware Law Encourage Efficient Transactions While Chilling Inefficient Ones?, John C. Coffee Jr.

Faculty Scholarship

At first glance, few corporate law principles seem to be better established than the widely prevailing rule that a controlling shareholder may receive a control premium for its shares. From a comparative law perspective, however, this consensus may seem surprising, because the United States stands virtually alone in failing to accord minority shareholders any presumptive right to share in a control premium. Yet, from an economic perspective, the permissive U.S. rule is not surprising because economists generally agree that economic efficiency is promoted by privately negotiated control transfers at premiums not offered to minority shareholders.

The puzzling fact that this …

F. Hodge O'Neal Corporate And Securities Law Symposium: Path Dependence And Comparative Corporate Governance, Ronald J. Mann, Curtis J. Milhaupt

Faculty Scholarship

The study of institutions, and particularly the study of institutions that societies use to govern business enterprises, is at a point of transition. In the last two or three decades, scholars focusing on economic principles to define appropriate legal rules and corporate institutions rose up to challenge the traditional orthodoxy of corporate governance found in the Berle and Means corporation.

One of the most exciting trends in the literature rests upon the "increasing marginal returns" school of economics associated with Brian Arthur and the Santa Fe Institute. The traditional neoclassical economic theory of production, familiar from decades of undergraduate and …

La Ineficacia Concursal En La Ley 24.522, Martin Paolantonio, Salvador Bergel

Martin Paolantonio

Estudio sobre las sustantivas modificaciones a la acción de ineficacia o revocatoria en la quiebra introducidas por la ley 24522

The Model Physician-Assisted Suicide Act And Jurisprudence Of Death, Scott T. Fitzgibbon, Kwan Kew Lai

Scott T. FitzGibbon

Your State has, let us suppose, a physician in one of its university-affiliated hospitals who is an admirer of Dr. Kevorkian, or a member of the Hemlock Society. The date is a year from now-December 1997. Your State has adopted the Model State Act to Authorize and Regulate Physician-Assisted Suicide (the "Act"). You now have an unexpected interest in the effects of the Act. A friend or a relative-your eighteen-year-old daughter or your nineteen-year-old younger brother or your fifty-five-year-old father--has approached a hospital seeking counseling and relief. Concerned about the sort of advice your loved one may receive, and concerned …

Los Money Market Funds En La Resolución General 277 De La Cnv, Martin Paolantonio

Martin Paolantonio

Análisis de la incorporación de los money market funds a la reglamentación de la Comisión Nacional de Valores