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Full-Text Articles in Law

Looking Back, Looking Forward: Personal Reflections On A Scholarly Career, David K. Millon Jun 2017

Looking Back, Looking Forward: Personal Reflections On A Scholarly Career, David K. Millon

David K. Millon

No abstract provided.


Shareholder Primacy, The Main Barrier To Sustainable Companies: A Comparative Analysis Of Company Law, David Millon, A. Johnston, B. Sjåfjell, L. Anker-Sorensen Dec 2014

Shareholder Primacy, The Main Barrier To Sustainable Companies: A Comparative Analysis Of Company Law, David Millon, A. Johnston, B. Sjåfjell, L. Anker-Sorensen

David K. Millon

No abstract provided.


Corporate Social Responsibility And Sustainability, David Millon Dec 2014

Corporate Social Responsibility And Sustainability, David Millon

David K. Millon

No abstract provided.


Comment On The Proposed Definition Of “Eligible Organization” For Purposes Of Coverage Of Certain Preventative Services Under The Affordable Care Act, Lyman P. Q. Johnson, David K. Millon, Stephen M. Bainbridge, Ronald J. Colombo, Brett Mcdonnell, Alan J. Meese, Nathan B. Oman Nov 2014

Comment On The Proposed Definition Of “Eligible Organization” For Purposes Of Coverage Of Certain Preventative Services Under The Affordable Care Act, Lyman P. Q. Johnson, David K. Millon, Stephen M. Bainbridge, Ronald J. Colombo, Brett Mcdonnell, Alan J. Meese, Nathan B. Oman

David K. Millon

In late August 2014, after suffering a defeat in the Supreme Court Hobby Lobby decision when the Court held that business corporations are “persons” that can “exercise religion,” the Department of Health and Human Services (“HHS”) proposed new rules defining “eligible organizations.” Purportedly designed to accommodate the Hobby Lobby ruling, the proposed rules do not comport with the reasoning of that important decision and they unjustifiably seek to permit only a small group of business corporations to be exempt from providing contraceptive coverage on religious grounds. This comment letter to the HHS about its proposed rules makes several theoretical and …


Radical Shareholder Primacy, David Millon Sep 2014

Radical Shareholder Primacy, David Millon

David K. Millon

No abstract provided.


Shareholder Primacy In The Classroom After The Financial Crisis, David Millon Nov 2013

Shareholder Primacy In The Classroom After The Financial Crisis, David Millon

David K. Millon

No abstract provided.


The Case Beyond Time, Lyman P.Q. Johnson, David K. Millon Jan 2013

The Case Beyond Time, Lyman P.Q. Johnson, David K. Millon

David K. Millon

The Delaware Supreme Court's opinion in Paramount Communications, Inc. v. Time, Inc.' treats several important questions that arise in connection with hostile corporate takeovers. At the same time, it leaves three critical issues unanswered. In this article, we first briefly describe what the Time decision did, comparing Chancellor William Allen's somewhat discursive Chancery Court opinion with the more peremptory ruling of the Supreme Court. Next, we identify three unarticulated but potentially far-reaching implications of both the Supreme Court's and Chancellor Allen's reasoning that threaten to destabilize seemingly settled doctrine governing the conduct of target company management.


Piercing The Corporate Veil, Financial Responsibility, And The Limits Of Limited Liability, David K. Millon Jan 2013

Piercing The Corporate Veil, Financial Responsibility, And The Limits Of Limited Liability, David K. Millon

David K. Millon

Veil-piercing is the most heavily litigated issue in corporate law, yet legal doctrine in this area is notoriously incoherent. In this article, I argue that the only way to make sense of veil-piercing is through an accurate understanding of the policy underlying limited liability. Once that is appreciated it then becomes possible to make sense of the appropriate limits on limited liability. Piercing the corporate veil can then serve the useful function of distinguishing legitimate from illegitimate reliance on statutory limited liability. After surveying efficiency rationales for limited liability and finding them unpersuasive, I propose that the best way to …


Redefining Corporate Law, David K. Millon Jan 2013

Redefining Corporate Law, David K. Millon

David K. Millon

None available.


Why Is Corporate Management Obsessed With Quarterly Earnings And What Should Be Done About It?, David K. Millon Jan 2013

Why Is Corporate Management Obsessed With Quarterly Earnings And What Should Be Done About It?, David K. Millon

David K. Millon

None available.


Default Rules, Wealth Distribution, And Corporate Law Reform: Employment At Will Versus Job Security, David K. Millon Dec 2012

Default Rules, Wealth Distribution, And Corporate Law Reform: Employment At Will Versus Job Security, David K. Millon

David K. Millon

None available.


Redefining Corporate Law, David K. Millon Dec 2012

Redefining Corporate Law, David K. Millon

David K. Millon

None available.


Criminalization Of Corporate Law: The Impact On Shareholders And Other Constituents, David K. Millon Dec 2012

Criminalization Of Corporate Law: The Impact On Shareholders And Other Constituents, David K. Millon

David K. Millon

None available.


The Impact On Shareholders And Other Constituents, David Millon Dec 2012

The Impact On Shareholders And Other Constituents, David Millon

David K. Millon

No abstract provided.


Piercing The Corporate Veil, Financial Responsibility, And The Limits Of Limited Liability, David K. Millon Dec 2012

Piercing The Corporate Veil, Financial Responsibility, And The Limits Of Limited Liability, David K. Millon

David K. Millon

Veil-piercing is the most heavily litigated issue in corporate law, yet legal doctrine in this area is notoriously incoherent. In this article, I argue that the only way to make sense of veil-piercing is through an accurate understanding of the policy underlying limited liability. Once that is appreciated it then becomes possible to make sense of the appropriate limits on limited liability. Piercing the corporate veil can then serve the useful function of distinguishing legitimate from illegitimate reliance on statutory limited liability. After surveying efficiency rationales for limited liability and finding them unpersuasive, I propose that the best way to …


New Game Plan Or Business As Usual? A Critique Of The Team Production Model Of Corporate Law, David K. Millon Dec 2012

New Game Plan Or Business As Usual? A Critique Of The Team Production Model Of Corporate Law, David K. Millon

David K. Millon

None available.


The Case Beyond Time, Lyman P.Q. Johnson, David K. Millon Nov 2012

The Case Beyond Time, Lyman P.Q. Johnson, David K. Millon

David K. Millon

The Delaware Supreme Court's opinion in Paramount Communications, Inc. v. Time, Inc.' treats several important questions that arise in connection with hostile corporate takeovers. At the same time, it leaves three critical issues unanswered. In this article, we first briefly describe what the Time decision did, comparing Chancellor William Allen's somewhat discursive Chancery Court opinion with the more peremptory ruling of the Supreme Court. Next, we identify three unarticulated but potentially far-reaching implications of both the Supreme Court's and Chancellor Allen's reasoning that threaten to destabilize seemingly settled doctrine governing the conduct of target company management.


Recalling Why Corporate Officers Are Fiduciaries, Lyman P.Q. Johnson, David K. Millon Nov 2012

Recalling Why Corporate Officers Are Fiduciaries, Lyman P.Q. Johnson, David K. Millon

David K. Millon

For all the recent federal attention to regulating - and differentiating - corporate officer and director functions, a curious fact remains: state fiduciary duty law makes no distinction between the fiduciary duties of these two groups. Instead, courts and commentators routinely describe the duties of directors and officers together, and in identical terms. To lump officers and directors together as generic fiduciaries with no distinction being made between them, suggests - as patently is not the case - that their institutional function and legal roles within the corporation are the same. Such a view, consequently, undermines efforts more sharply to …


Corporate Takeovers And Corporate Law: Who's In Control?, Lyman P.Q. Johnson, David K. Millon Nov 2012

Corporate Takeovers And Corporate Law: Who's In Control?, Lyman P.Q. Johnson, David K. Millon

David K. Millon

No abstract provided.


New Directions In Corporate Law Communitarians, Contractarians, And The Crisis In Corporate Law, David K. Millon Nov 2012

New Directions In Corporate Law Communitarians, Contractarians, And The Crisis In Corporate Law, David K. Millon

David K. Millon

No abstract provided.


Misreading The Williams Act, Lyman P.Q. Johnson, David K. Millon Nov 2012

Misreading The Williams Act, Lyman P.Q. Johnson, David K. Millon

David K. Millon

No abstract provided.


Enron And The Dark Side Of Worker Ownership, David Millon Nov 2012

Enron And The Dark Side Of Worker Ownership, David Millon

David K. Millon

No abstract provided.


Worker Ownership Through 401(K) Retirement Plans: Enron's Cautionary Tale, David Millon Nov 2012

Worker Ownership Through 401(K) Retirement Plans: Enron's Cautionary Tale, David Millon

David K. Millon

No abstract provided.


Missing The Point About State Takeover Statutes, Lyman P.Q. Johnson, David K. Millon Nov 2012

Missing The Point About State Takeover Statutes, Lyman P.Q. Johnson, David K. Millon

David K. Millon

No abstract provided.


Enlightened Shareholder Value, Social Responsibility, And The Redefinition Of Corporate Purpose Without Law, David Millon Dec 2011

Enlightened Shareholder Value, Social Responsibility, And The Redefinition Of Corporate Purpose Without Law, David Millon

David K. Millon

No abstract provided.


Human Rights And Delaware Corporate Law, David Millon Dec 2011

Human Rights And Delaware Corporate Law, David Millon

David K. Millon

No abstract provided.


Response, The Still-Elusive Quest To Make Sense Of Veil-Piercing, David Millon Dec 2009

Response, The Still-Elusive Quest To Make Sense Of Veil-Piercing, David Millon

David K. Millon

No abstract provided.


The Single Consituency Argument In The Economic Analysis Of Business Law, David Millon Dec 2008

The Single Consituency Argument In The Economic Analysis Of Business Law, David Millon

David K. Millon

No abstract provided.


Communitarianism In Corporate Law: Foundations And Law Reform Strategies, David Millon Dec 1994

Communitarianism In Corporate Law: Foundations And Law Reform Strategies, David Millon

David K. Millon

No abstract provided.


Ecclesiastical Jurisdiction In Medieval England, David Millon Dec 1983

Ecclesiastical Jurisdiction In Medieval England, David Millon

David K. Millon

No abstract provided.