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Full-Text Articles in Law
Letter Of Credit Litigation Under Ucc Article 5: A Case Of Statutory Preemption, John F. Dolan
Letter Of Credit Litigation Under Ucc Article 5: A Case Of Statutory Preemption, John F. Dolan
Law Faculty Research Publications
In this article, Professor Dolan maintains that UCC Article 5 fashions a comprehensive remedy scheme for recurring damages claims in letter of credit litigation. That scheme, he contends, is upset by the introduction of most common law causes of action in Article 5 litigation. He concludes, therefore, that courts should not entertain those common law claims, which he sees as destructive of letter of credit law and of the unique commercial nature of letters of credit. Using the economic loss doctrine and similar theories, he urges courts to dismiss actions brought in addition to or in lieu of the remedies …
Judicial Expenditures And Litigation Access: Evidence From Auto Injuries, Paul Heaton, Eric Helland
Judicial Expenditures And Litigation Access: Evidence From Auto Injuries, Paul Heaton, Eric Helland
Paul Heaton
Despite claims of a judicial funding crisis, there exists little direct evidence linking judicial budgets to court utilization. Using data on thousands of auto injuries covering a 15-year period, we measure the relationship between state-level court expenditures and the propensity of injured parties to pursue litigation. Controlling for state and plaintiff characteristics and accounting for the potential endogeneity of expenditures, we show that expenditures increase litigation access, with our preferred estimates indicating that a 10% budget increase increases litigation rates by 3%. Consistent with litigation models in which high litigation costs undermine the threat posture of plaintiffs, increases in court …