Open Access. Powered by Scholars. Published by Universities.®
- Institution
- Keyword
-
- Corporate finance (3)
- Securities (3)
- Corporation law (2)
- Financial distress (2)
- Trust Indenture Act (2)
-
- 1978 Bankruptcy Code (1)
- Arbitrage (1)
- Autonomy (1)
- Bankruptcy (1)
- Bankruptcy law (1)
- Bases administrativas (1)
- Bases contables (1)
- Bonds (1)
- Brokaw Act (1)
- Chapter 11 (1)
- Civil rights of corporations (1)
- Collective action clauses (1)
- Consensual agreements (1)
- Corporate Board (1)
- Corporate Law Legislation (1)
- Corporate control (1)
- Corporate governance (1)
- Corporate reorganization (1)
- Corporations (1)
- Corporations--Finance (1)
- Creditor coercion (1)
- Deals (1)
- Debt (1)
- Debt restructuring (1)
- Debtor in possession (1)
- Publication
- Publication Type
Articles 1 - 10 of 10
Full-Text Articles in Business Organizations Law
Failed Anti-Activist Legislation: The Curious Case Of The Brokaw Act, Alon Brav, J.B. Heaton, Jonathan Zandberg
Failed Anti-Activist Legislation: The Curious Case Of The Brokaw Act, Alon Brav, J.B. Heaton, Jonathan Zandberg
The Journal of Business, Entrepreneurship & the Law
The Brokaw Act was proposed legislation aimed at “financial abuses being carried out by activist hedge funds who promote short-term gains at the expense of long-term growth . . . .” Sponsoring Senators named it after a small town in Wisconsin that, according to the Act’s sponsors, was decimated by the actions of a hedge fund activist in shutting down the local paper mill with a loss of hundreds of jobs. The Brokaw Act represented the first attempt at federal legislation aimed at restricting hedge fund activism. Since then, new and similar bipartisan proposals have appeared as have threats of …
Mind The Gap(S): Solutions For Defining Tipper-Tippee Liability And The Personal Benefit Test Post-Salman V. United States, Matthew Williams
Mind The Gap(S): Solutions For Defining Tipper-Tippee Liability And The Personal Benefit Test Post-Salman V. United States, Matthew Williams
Fordham Journal of Corporate & Financial Law
The Supreme Court’s decision in Salman v. United States reaffirmed (and indeed, clarified) the central holding of Dirks v. SEC that no additional pecuniary or reputational gain is needed when an insider gives information to a “trading relative or friend.” While this was considered a win for prosecutors, the Court chose to abstain from considering more complex questions regarding tipper-tippee liability. Namely, the Court provided no guidance on what constitutes a “friend” or “trading relative” nor how a tippee “should know” whether information was improperly disclosed. Without any clear standards, prosecutors and courts have wide discretion to determine whether these …
Exploring The Relationship Between Executive Compensation And Corporate Mergers And Acquisitions, Akiva Stern
Exploring The Relationship Between Executive Compensation And Corporate Mergers And Acquisitions, Akiva Stern
Major Papers
Corporate Governance is one of the most important aspects of corporate life. The role requires individuals to have a moderate, if not excellent command of not only the industry they are operating within, but the basic tenants of many disciplines including law and finance. It is therefore important to not only view how these disciplines contribute to their knowledge individually, but also how they might work together to provide a better insight into governing a company on a day-to-day basis.
A predominant decision that often comes under scrutiny is the relationship between executive compensation and M&A Activity. This paper takes …
Bases Administrativas Y Contables Para El Mejoramiento De La Fundación Progresemos Juntos Kennedy, Javier Alexander Rojas Roa, Jeferson Stanley Varón Rozo
Bases Administrativas Y Contables Para El Mejoramiento De La Fundación Progresemos Juntos Kennedy, Javier Alexander Rojas Roa, Jeferson Stanley Varón Rozo
Contaduría Pública
El propósito de nuestro trabajo de grado Bases administrativas y contables para el mejoramiento de la fundación progresemos juntos Kennedy, es identificar el contexto actual de la fundación la cual se encuentra en la localidad de Kennedy en el barrio Villa de los Sauces y presta atención a niños vulnerables del sector con el fin de realizar acompañamiento en asesorías de tareas, talleres lúdicos, actividades culturales y deportivas. Su fin con lleva a que los niños tengan un apoyo por parte de la fundación y estén alejados del entorno el cual los rodea, siendo los actos delictivos o el consumo …
The Modigliani-Miller Theorem At 60: The Long-Overlooked Legal Applications Of Finance’S Foundational Theorem, Michael S. Knoll
The Modigliani-Miller Theorem At 60: The Long-Overlooked Legal Applications Of Finance’S Foundational Theorem, Michael S. Knoll
All Faculty Scholarship
2018 marks the 60th anniversary of the publication of Franco Modigliani and Merton Miller’s The Cost of Capital, Corporation Finance, and the Theory of Investment. Widely hailed as the foundation of modern finance, their article, which purports to demonstrate that a firm’s value is independent of its capital structure, is little known by lawyers, including legal academics. That is unfortunate because the Modigliani-Miller capital structure irrelevancy proposition (when inverted) provides a framework that can be extremely useful to legal academics, practicing attorneys and judges.
Individual Autonomy In Corporate Law, Elisabeth De Fontenay
Individual Autonomy In Corporate Law, Elisabeth De Fontenay
Faculty Scholarship
The field of corporate law is riven with competing visions of the corporation. This Article seeks to identify points of broad agreement by negative implication. It examines two developments in corporate law that have drawn widespread criticism from corporate law scholars: the Supreme Court's recognition of corporate religious rights in Burwell v. Hobby Lobby and the Nevada legislature's decision to eliminate mandatory fiduciary duties for corporate directors and officers. Despite their fundamental differences, both resulted in expanding individual rights or autonomy within the corporation-for shareholders and managers, respectively.
The visceral critiques aimed at these two developments suggest a broadly shared …
Foreword: Bankruptcy’S New And Old Frontiers, William W. Bratton, David A. Skeel Jr.
Foreword: Bankruptcy’S New And Old Frontiers, William W. Bratton, David A. Skeel Jr.
All Faculty Scholarship
This Symposium marks the fortieth anniversary of the enactment of the 1978 Bankruptcy Code (the “1978 Code” or the “Code”) with an extended look at seismic changes that currently are reshaping Chapter 11 reorganization. Today’s typical Chapter 11 case looks radically different than did the typical case in the Code’s early years. In those days, Chapter 11 afforded debtors a cozy haven. Most everything that mattered occurred within the context of the formal proceeding, where the debtor enjoyed agenda control, a leisurely timetable, and judicial solicitude. The safe haven steadily disappeared over time, displaced by a range of countervailing forces …
Will Delaware Be Different? An Empirical Study Of Tc Heartland And The Shift To Defendant Choice Of Venue, Ofer Eldar, Neel U. Sukhatme
Will Delaware Be Different? An Empirical Study Of Tc Heartland And The Shift To Defendant Choice Of Venue, Ofer Eldar, Neel U. Sukhatme
Faculty Scholarship
Why do some venues evolve into litigation havens while others do not? Venues might compete for litigation for various reasons, such as enhancing their judges’ prestige and increasing revenues for the local bar. This competition is framed by the party that chooses the venue. Whether plaintiffs or defendants primarily choose venue is crucial because, we argue, the two scenarios are not symmetrical.
The Supreme Court’s recent decision in TC Heartland v. Kraft Foods illustrates this dynamic. There, the Court effectively shifted venue choice in many patent infringement cases from plaintiffs to corporate defendants. We use TC Heartland to empirically measure …
The New Bond Workouts, William W. Bratton, Adam J. Levitin
The New Bond Workouts, William W. Bratton, Adam J. Levitin
All Faculty Scholarship
Bond workouts are a famously dysfunctional method of debt restructuring, ridden with opportunistic and coercive behavior by bondholders and bond issuers. Yet since 2008 bond workouts have quietly started to work. A cognizable portion of the restructuring market has shifted from bankruptcy court to out-of-court workouts by way of exchange offers made only to large institutional investors. The new workouts feature a battery of strong-arm tactics by bond issuers, and aggrieved bondholders have complained in court. The result has been a new, broad reading of the primary law governing workouts, section 316(b) of the Trust Indenture Act of 1939 (“TIA”), …
Appraisal Arbitrage And Shareholder Value, Scott Callahan, Darius Palia, Eric L. Talley
Appraisal Arbitrage And Shareholder Value, Scott Callahan, Darius Palia, Eric L. Talley
Faculty Scholarship
Post-merger appraisal rights have been the focus of heated controversy within mergers and acquisitions circles in recent years. Traditionally perceived as an arcane and cabalistic proceeding, the appraisal action has recently come to occupy center stage through the ascendancy of appraisal arbitrage — whereby investors purchase target-company shares shortly after an announcement principally to pursue appraisal. Such strategies became more feasible and profitable a decade ago, on the heels of two seemingly technocratic reforms in Delaware: (i) the statutory codification of pre-judgment interest, pegging a presumptive rate at five percent above the federal discount rate; and (ii) the Transkaryotic opinion, …