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Full-Text Articles in Consumer Protection Law
The Unreasonableness Of Reasonable: Rethinking The Reasonable Investor Standard, Alexandra Li
The Unreasonableness Of Reasonable: Rethinking The Reasonable Investor Standard, Alexandra Li
Northwestern University Law Review
This Note explores the “reasonable investor” standard in light of recent developments in pandemic-era securities litigation. Scholars have long criticized the reasonable investor standard for determining materiality. Given the dramatic backdrop of the COVID-19 pandemic, the limitations of the standard are becoming ever more evident. This Note provides a brief history of the development of the current standard and highlights some of its problems through two recent COVID-19 securities fraud cases. This Note argues that the reasonable investor standard is no longer sufficient to protect investors. Through examining tort law and First Amendment jurisprudence, this Note differentiates between the “reasonable” …
Price Gouging In A Pandemic, Christopher Buccafusco, Daniel Hemel, Eric L. Talley
Price Gouging In A Pandemic, Christopher Buccafusco, Daniel Hemel, Eric L. Talley
Faculty Scholarship
The COVID-19 pandemic led to acute supply shortages across the country as well as concerns over price increases amid surging demand. In the process, it reawakened a debate about whether and how to regulate “price gouging” — a controversy that continues as inflation has accelerated even as the pandemic abates. Animating this debate is a longstanding conflict between laissez-faire economics, which champions price fluctuations as a means to allocate scarce goods, and perceived norms of consumer fairness, which are thought to cut strongly against sharp price hikes amid shortages.
This Article provides a new, empirically grounded perspective on the price …