Law Commons^™

Delegated Corporate Voting And The Deliberative Franchise, Sarah C. Haan

Scholarly Articles

Starting in the 1930s with the earliest version of the proxy rules, the Securities and Exchange Commission (SEC) has gradually increased the proportion of “instructed” votes on the shareholder’s proxy card until, for the first time in 2022, it required a fully instructed proxy card. This evolution effectively shifted the exercise of the shareholder’s vote from the shareholders’ meeting to the vote delegation that occurs when the share-holder fills out the proxy card. The point in the electoral process when the binding voting choice is communicated is now the execution of the proxy card (assuming the shareholder completes the card …

Unshielded: How The Police Can Become Touchable, Brandon Hasbrouck

Scholarly Articles

This Review proceeds in three Parts. First, Part I examines Shielded’s text, highlighting Schwartz’s analysis of the problem of unaccountable police, the many barriers to holding police accountable, and her proposed solutions. Part II then critically examines Schwartz’s work, examining pieces of the problem she left undiscussed and the relative shortcomings of her discussion of possible solutions. Finally, Part III takes an abolitionist approach, delving into potential nonreformist reforms and the solution of full abolition, as well as examining the most significant objection to abolitionist approaches: the problem of violence.

National Pork Producers Council V. Ross: Reining In The Dormant Commerce Clause, Pushing The Limits Of State Sovereignty, Jessica Kowalski

Loyola University Chicago Law Journal

The dormant Commerce Clause is one of the oldest constitutional doctrines in the United States and is essential in maintaining equal sovereignty among the states. While the doctrine has been substantially refined since it was first recognized, it had gone largely unchanged in recent years, until a controversial California law required further clarification of its scope.

In National Pork Producers Council v. Ross, the Supreme Court considered whether a California law prohibiting the in-state sale of pork produced in cruel conditions was constitutional under the dormant Commerce Clause. The Court ultimately upheld the California law, holding that a regulation …

Chief Justice Angela R. Riley And Professor Suzette Malveaux In Conversation At The Eleventh Annual John Paul Stevens Lecture: The Third Sovereign: Tribal Courts And Indian Country Justice, Angela R. Riley, Suzette Malveaux

Scholarly Articles

The Byron R. White Center for the Study of American Constitutional Law at the University of Colorado-Boulder’s Law School is a premier research and programming institution aiming to facilitate informed and engaged scholarship and dialogue on constitutional law. As part of this effort, it hosts the annual John Paul Stevens Lecture, named after the U.S. Supreme Court Justice Stevens, who delivered the inaugural lecture in September 2011. This fireside chat brings distinguished jurists from around the country (and even world) to Colorado Law to discuss the state of the judiciary, democracy and current constitutional issues. The esteemed lecture attracts students, …

Law Versus Justice In International Atrocity Prosecutions, Mark A. Drumbl

Scholarly Articles

Attribution of individual criminal responsibility in the context of extraordinary international crimes that, pace Hannah Arendt (1963), explode the limits of law and bust the global trust, indeed, remains fraught and taut. Hence, attention to legally cognizable linkages between the free will of the accused person and the connived malignant context matters greatly. These linkages adopt various monikers, including nexus and modes of liability. Insofar as international criminal trials self-identify as imposing international criminal law—as opposed to show trials that heave theatrics upon a stage—some respect toward due process is required in order to maintain credibility. While international criminal law …

No Peeking: Addressing Pretextual Inspection Demands By Competitor-Affiliated Shareholders, Lin (Lynn) Bai, Sean Meyer

Faculty Articles and Other Publications

This article exposes how Delaware private companies are vulnerable to pretextual inspections under the guise of valuation by shareholders who are affiliated with competitors of the companies. The Delaware Court of Chancery’s 2020 decision in Woods v. Sahara Enterprises, Inc., which deviated from established law by switching the initial burden of proof of the shareholder’s motive to the target company, exacerbated this vulnerability. This article argues for reversing that decision and proposes changes in multiple areas of law to help companies fend off prying competitors who abuse statutory shareholder inspection rights for unfair advantages in competition.

The Sec's (Ill-Fated) Stock Repurchase Transparency Reform: For Investor Protection, Lin (Lynn) Bai

Faculty Articles and Other Publications

In May 2023, the SEC adopted new transparency measures designed to improve oversight of corporate stock buybacks. However, the new regulation faced immediate and successful challenges in court, prompting the agency to suspend its implementation in November 2023 for further cost-benefit analysis. Critics contended that the new regulation would offer minimal additional benefit to investors given the current regulatory framework. Despite this legal setback, advocates for the re-proposal of the regulation persist. This article shows that the new regulation would open new avenues of legal recourse for investors, fortify their claims that might otherwise be dismissed, and unlock corporate records …

Eviction Abolition, Larisa G. Bowman

Loyola University Chicago Law Journal

This Article contends that today’s eviction crisis in the United States is the civil equivalent of mass incarceration. Eviction, like mass incarceration, is a racialized and gendered system of social control heavily supervised by the state. State court judges order evictions, and law enforcement officers execute them. Eviction’s mechanisms of control are to punish, exploit, and surveil. Some tenants are forcibly removed from their homes as punishment for their poverty, while others pay their last dollar to remain housed. In nuisance and lease violation cases, tenants routinely are subjected to onerous “probationary” terms that place them under heightened surveillance. Low-income, …

Stakeholder Engagement, Brett Mcdonnell

Florida State University Law Review

No abstract provided.

Continuing Education For Directors Of Public Companies, Jennifer O'Hare

Florida State University Law Review

Directors of public companies are responsible for overseeing complex organizations in a rapidly changing business environment, but they are not required to engage in continuing education. This creates a danger that directors will not have the knowledge they need to meet the significant demands of overseeing public companies. To address this, public companies should adopt mandatory continuing education policies for their boards, and the Securities and Exchange Commission should require public companies to disclose basic information about their continuing education programs in their proxy statements. This is the first scholarly article to address the issue of mandatory continuing education for …

Clearing The Way To Renminbi Domination: Cips, Antitrust, And Currency Competition, Felix Chang

Florida State University Law Review

No abstract provided.

"Captivating" D&O Insurance: Rectifying Moral Hazard Through Captive Insurance Note, Morgan "Lea" Nobles

Florida State University Law Review

No abstract provided.

Brief Of Law And Business Professors As Amici Curiae In Support Of Respondents, Macquarie Infrastructure V. Moab Partners, No. 22-1165, Dec. 20, 2023, Joan Macleod Heminway, J. Robert Brown, James D. Cox, Sarah C. Haan, Faith Stevelman

Scholarly Works

Omissions of disclosure required by the Securities and Exchange Commission (SEC or Commission) in Item 303 of Regulation S-K can be a basis for an action under Section 10(b) of the Securities Exchange Act of 1934 (Exchange Act). Disclosures mandated by the SEC in periodic reports are not optional. That these obligations can create a “duty” to disclose under Rule 10b-5(b) is consistent with congressional intent, state court opinions, the common law, and with the longstanding understanding of the federal securities laws (including those of legal scholars and the SEC). This case does not, therefore, seek to “impermissibly expand” the …

Tennessee's Dao Act: Positive Innovation Or Fringe Legislation, Joan Macleod Heminway

Scholarly Works

This essay responds to a recent development in unincorporated business associations law in the State of Tennessee. That legislative development is a 2022 amendment to Tennessee’s Revised Limited Liability Company Act, ostensibly creating a legal form of entity for the operation of decentralized autonomous organizations (the "DAO Act"). Remarkably, the DAO Act did not pass through the traditional channels for the review of business legislation in Tennessee, which include a review by members of the business bar (prototypically at least the Executive Council of the TBA Business Law Section) and the Business Services Division of the Tennessee Secretary of State. …

Delaware Beware, Anat Alon-Beck

Faculty Publications

This article conducts an in-depth exploration of the dynamic competition among states to attract businesses and determine the legal framework governing corporations. It adopts an innovative market-centric viewpoint, treating corporate law as a product within the broader context of charter competition among U.S. states. While the scholarly spotlight has predominantly shone on publicly traded giants, this article daringly delves into uncharted territory, unraveling the intricate incorporation and governance decisions of privately held “unicorns”—those elusive venture capital-backed behemoths that silently shape the economic landscape.

By unraveling the decision-making processes of where these economic powerhouses incorporate, the article challenges prevailing assumptions on …

How Viable Is Viability? Artificial Womb Technology And The Threat To Abortion Access, James E. Brown

Michigan Journal of Gender & Law

The viability standard plays an important role in abortion access around much of the United States. In fact, before the Dobbs decision, the viability standard was the constitutional gatekeeper to abortion access and was uniform across the entire nation. Unfortunately, the Supreme Court has removed the constitutional right to abortion altogether. Nevertheless, I will provide an argument as to why Dobbs does not signal the end of viability-based abortion around the U.S. I will prove the importance of the viability standard even in a post-Dobbs society, highlighting its operation within various state laws, such as Michigan’s Prop. 3, as well …

Child Sacrifices: The Precarity Of Minors’ Autonomy And Bodily Integrity After Dobbs, Teri Dobbins Baxter

Scholarly Works

In Dobbs v. Jackson Women’s Health Organization, the Supreme Court held that there is no constitutional right to abortion. The decision has had a devastating impact on people seeking abortions in many states, and it will have an even more profound effect on the rights and lives of minors. Pregnant minors face greater risks than pregnant adults when they are forced to continue a pregnancy that can harm their physical and mental health and their educational and financial futures. Very young minors are incapable of consenting to the sexual acts that result in pregnancy, but many states require even these …

Aba Standard 303(C) And Divisive Concepts Legislation And Policies: Challenges And Opportunities, Sherley Cruz, Becky L. Jacobs, Karen L. Tokarz, Kendall Kerew, Andrew King-Ries, Carwina Weng

Scholarly Works

This article by six clinicians discusses the challenges and opportunities of new ABA Standard 303 (c), including the implications of and interactions between Standard 303(c) and “divisive concepts” laws and other threats to representation, academic freedom, and free speech in legal education. The article also highlights the intersection of Standard 303(c) and Standard 303(b)(3), which addresses professional identity formation; discusses opportunities to adapt current curriculum and teaching and create new curricular responses to meet the new accreditation standards and interpretations; and explores ways to resist increasing limitations and find a supportive academic community to sustain hope and resilience.

Innovation Misunderstood, Maurice E. Stucke, Ariel Ezrachi

Scholarly Works

Innovation is transformative and key to future prosperity. It is therefore of no surprise that antitrust laws seek to promote it. What is surprising, however, is that despite the central role that innovation occupies in competition cases, its actual treatment by the courts is far from nuanced.

In this paper, we reflect on the D.C. Circuit’s 2023 ruling in N.Y. v Meta to illustrate the prevailing monocular vision adopted by the court in its treatment of innovation. That vision, we argue, reflects simplistic assumptions as to innovation dynamics and mistaken beliefs about the digital economy. It is further compounded by …

Patients Versus Profits, Isaac ("Zack") D. Buck

Scholarly Works

Private equity (PE) has come to health care. With it: layoffs, cuts, and new pressures for providers, higher prices for payers, and questions from patients about quality and excessive care. PE firms, driven solely by a profit motive, take over health care entities, “lean” them down, load them with debt, and hope to extract a profit for their investors when they sell the hospital, physician group, or nursing home. Their entry into health care has been stealthy but dramatic: upwards of a third of all for-profit hospitals in the United States, and 40 percent of America’s emergency rooms, are now …

Judicial Review In Public And Private Governance, Tomer S. Stein

Scholarly Works

In Students for Fair Admissions, Inc. v. President and Fellows of Harvard College, the Supreme Court limited judicial deference to universities. In West Virginia v. EPA, the Court reduced deference to administrative agencies. In Coster v. UIP Cos., Inc., the Delaware Supreme Court narrowed deference to boards of directors, proclaimed a new standard of judicial review, and then seemingly retracted it. Common to these constitutional, administrative, and corporate law cases is unpredictability, uncertainty, and incoherence in the use and application of substantive standards of review. The resulting disarray is explicitly acknowledged by the very judges that formulate these standards of …

Antitrust & Ai Supply Chains, Maurice E. Stucke, Ariel Ezrachi

Scholarly Works

Will AI technology disrupt the current Big Tech Barons, foster competition, and ensure future disruptive innovation that improves our well-being? Or might the technology help a few ecosystems become even more powerful?

To explore this issue, our paper outlines the current digital market dynamics that lead to winner-take-most-or-all ecosystems. After examining the emerging AI foundation model supply chain, we consider several potential antitrust risks that may emerge should certain layers of the supply chain become concentrated and firms extend their power across layers. But the anticompetitive harms are not inevitable, as several countervailing factors might lessen or prevent these antitrust …

Representing Elon Musk, Joan Macleod Heminway

Scholarly Works

What would it be like to represent Elon Musk on business law matters or work with him in representing a business he manages or controls? This article approaches that issue as a function of professional responsibility and practice norms applied in the context of publicly available information about Elon Musk and his business-related escapades. Specifically, the article provides a sketch of Elon Musk and considers that depiction through a professional conduct lens, commenting on the challenges of representing or working with someone with attributes and behaviors substantially like those recognized in Elon Musk.

Ultimately (and perhaps unsurprisingly, for those who …

Professor Becky Jacobs' Comments On Dean Anderson's Presentation, Becky L. Jacobs

Scholarly Works

No abstract provided.

Tapping Into The Talent Pipeline While Repairing The Leaky Pipe, Michelle M. Kwon

Scholarly Works

Diversity in the legal profession matters. It helps legitimize our legal system, giving everyone confidence that they will be treated fairly. Diverse legal teams make it more likely that the team will understand different perspectives and avoid “group think.” Having diverse groups make, enforce, and interpret laws leads to better outcomes. And yet, the legal profession is one of the least diverse in the country. The vast majority of lawyers are White men even though women constitute half of the population and about 40% of the U.S. population is not White. The percentage of Black lawyers has remained virtually unchanged …

Confusion Over Trademark Extraterritoriality…And Beyond, Timothy R. Holbrook, Anshu Garg

Sturm College of Law: Faculty Scholarship

The Supreme Court had afforded the Lanham Act extraterritorial reach over seventy years ago in Steele v. Bulova, but its recent extraterritoriality jurisprudence called that decision into question.

This Article explains the history of trademark extraterritoriality and the splits that emerged among the circuit courts of appeals. It then canvases all of the Supreme Court’s recent decisions on the presumption against extraterritoriality and their effort to reinvigorate and standardize the law in that regard.

We then provide a detailed exploration of the Abitron decision. Next, we critique the decision and explore its implications not only for trademark law but also …

How The Supreme Court Ghosted The Phosita: Amgen And Legal Constructs In Patent Law, Timothy R. Holbrook

Sturm College of Law: Faculty Scholarship

This essay is an invited response to The Ghost in the Patent System: An Empirical Study of Patent Law’s Elusive “Skilled Artisan,” by Professors Laura Pedraza-Fariña and Ryan Whalen. In their piece, Pedraza-Fariña and Ryan Whalen offer an empirical study and use it to argue for a new conception of the Person Having Ordinary Skill in the Art (PHOSITA), patent law’s nod to the “reasonable person” construct.

As Professors Pedraza-Fariña and Whalen suggest, the PHOSITA should be understood as a crucial concept in patent law, warranting more scholarly attention. Pedraza-Fariña and Whalen provide that attention. They assert, based on an …

Relative And Absolute Patentability, Timothy R. Holbrook, Mark D. Janis

Sturm College of Law: Faculty Scholarship

In this Article, we define and interrogate a new typology for patentability rules. In our typology, some such rules are predominantly relative inquiries—meaning that they entail the use of discrete comparators—whereas others are predominantly absolute in that they lack this core comparative methodology. Selected patentability rules blend the characteristics of both relative and absolute inquiries in complex ways.

We leverage our relative/absolute typology in this Article to make two sets of contributions to the literature. First, we use our typology to craft a new descriptive account of the patentability doctrines. We show that the requirements of novelty and nonobviousness are …

Remembering Dr. Dmitry Karshtedt As A Scholar And Friend, Jonas Anderson, Sean Seymore, Timothy R. Holbrook

Sturm College of Law: Faculty Scholarship

Professor Dmitry Karshtedt was one of the preeminent patent law scholars of the past decade. Professor Karshtedt’s scholarship influenced the way that the Supreme Court thinks about patent law’s enablement doctrine. His work exploring the boundaries between patent law and tort law led to significant change in various areas of patent law. His work on nonobviousness changed the conversation about patent law’s most important doctrinal area. This article pays homage to Professor Karshtedt’s influential scholarship, illuminating his profound impact on the field while offering a glimpse into the enduring friendship shared by the authors and Professor Karshtedt.

Busting The Union Buster: Why A Fair Balance Of Employees' Right To Unionize And Employer Free Speech Requires Workplace Meetings Discussing The Employer's Views On Unionization To Be Voluntary, Jennifer L. Murray

Duquesne Law Review

On April 7, 2022, National Labor Relations Board (the "Board") General Counsel Jennifer Abruzzo sent shockwaves through American industries when she issued GC Memo 22-04. The memo announced that she would be asking the Board to find a violation of the National Labor Relations Act ("the Act" or "the Wagner Act") for mandatory meetings in which employees are required to listen to employer speech concerning the exercise of their statutory labor rights.¹ Days later, Abruzzo filed a brief in a case pending before the Board, Cemex Construction Materials Pacific, LLC, asking the Board to ban such meetings.^{2 …}