Corporate Darwinism: Disciplining Managers In A World With Weak Shareholder Litigation,
2016
Duke Law School
Corporate Darwinism: Disciplining Managers In A World With Weak Shareholder Litigation, James D. Cox, Randall S. Thomas
Faculty Scholarship
Because representative shareholder litigation has been constrained by numerous legal developments, the corporate governance system has developed new mechanisms as alternative means to address managerial agency costs. We posit that recent significant governance developments in the corporate world are the natural consequence of the ineffectiveness and inefficiency of shareholder suits to address certain genre of managerial agency costs. We thus argue that corporate governance responses evolve to fill voids caused by the inability of shareholder suits to monitor and discipline corporate managers.
We further claim that these new governance responses are themselves becoming stronger due in part to the rising …
A New "Prospective" On Advance Waivers Of Conflict In Georgia,
2016
University of Georgia School of Law
A New "Prospective" On Advance Waivers Of Conflict In Georgia, Charles G. Spalding Jr.
Georgia Law Review
As law firms and their corporate clients continue to expand into different legal jurisdictions, and since the conflict of one attorney is imputed to the attorney's firm, the potential for conflicts of interest increases. A law firm retained to advise a corporate subsidiary in a minor matter in one state may be disqualified from another, more significant matter in a different jurisdiction if the potential client is adverse to the parent company in the initial representation. Without a method for prospective waiver of conflicts, a law firm's only recourse is seeking the consent of the currently represented client. To avoid …
Colorado Rule Of Evidence 502: Preserving Privilege And Work Product Protection In Discovery,
2016
University of Colorado Law School
Colorado Rule Of Evidence 502: Preserving Privilege And Work Product Protection In Discovery, Christopher B. Mueller, Ronald J. Hedges, Lino S. Lipinsky
Publications
No abstract provided.
Saving The Public Interest Class Action By Unpacking Theory And Doctrinal Functionality,
2016
University of Colorado Law School
Saving The Public Interest Class Action By Unpacking Theory And Doctrinal Functionality, Suzette M. Malveaux
Publications
No abstract provided.
Improving Predictability And Consistency In Class Action Tolling,
2016
Texas A&M University School of Law
Improving Predictability And Consistency In Class Action Tolling, Tanya Pierce
Faculty Scholarship
Class action tolling means that when parties in a suit allege federal treatment, the individual claims of putative class members are tolled federal courts while the class action is pending. Commonly referred to as American Pipe tolling, this rule prevents duplicative litigation that would result if plaintiffs were required to intervene or file independent lawsuits to protect their interests while the class action was pending. Federal courts have long settled the application of American Pipe tolling in scenarios involving later-filed individual actions. In other scenarios, however, the application of American Pipe tolling has caused considerable uncertainty. This Article examines the …
A Matter Of Trial And Error, Or Betting On Appeals,
2015
Notre Dame Law School
A Matter Of Trial And Error, Or Betting On Appeals, Radek Goral
Notre Dame Law Review Reflection
Sampling from the actual portfolio of a leading third-party litigation financier, this Essay demonstrates that making systematic bets on pending appeals is a viable business model applicable to a wide range of cases. “Appellate investments” may include both consumer and commercial cases, including also public-interest actions where prevailing plaintiffs are permitted attorney’s fees—even if they themselves do not seek monetary relief. Additionally, the analyzed sample indicates that appellate funders buy both from plaintiffs and plaintiffs’ attorneys, often in the same case.
The overview of the business strategy of appellate financing contributes to a larger theme: the role and impact of …
Adopting The Gay Family,
2015
Brooklyn Law School
Trial Practice And Procedure,
2015
Mercer University School of Law
Trial Practice And Procedure, Brandon L. Peak, Tedra C. Hobson, David T. Rohwedder, Robert H. Snyder, Morgan E. Duncan, Joseph M. Colwell, Christopher B. Mcdaniel
Mercer Law Review
This Article addresses several significant opinions issued and legislation passed during the survey period of this publication for the Georgia civil trial practitioner.
Litigation Trolls,
2015
Cornell Law School
Litigation Trolls, W. Bradley Wendel
Cornell Law Faculty Working Papers
Third-party financing of litigation has been described with a variety of unflattering metaphors. Litigation financers have been likened to gamblers in the courtroom casino, loan sharks, vultures, Wild West outlaws, and busybodies mucking about in the private affairs of others. Now Judge Richard Posner has referred to third-party financers as litigation trolls, an undeniably unflattering comparison to patent trolls. But what it is, if anything, that makes third-party financers “trolls”? Legal claims are, for the most part, freely assignable, the proceeds of claims are assignable, and various strangers to the underlying lawsuit, including liability insurers and plaintiffs’ contingency-fee counsel, are …
For Every Wrong, A Remedy: A Narrow Interpretation Of The Locomotive Inspection Act's Preemptive Scope In Asbestos Cases,
2015
Hamline University
For Every Wrong, A Remedy: A Narrow Interpretation Of The Locomotive Inspection Act's Preemptive Scope In Asbestos Cases, Andrew Malzahn
Hamline Law Review
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State Action On Appeal: Parker Immunity And The Collateral Order Doctrine In Antitrust Litigation,
2015
Seattle University School of Law
State Action On Appeal: Parker Immunity And The Collateral Order Doctrine In Antitrust Litigation, Jason Kornmehl
Seattle University Law Review
The collateral order doctrine is perhaps the most significant exception to the general rule that only final judgments are appealable. The doctrine is particularly important in antitrust litigation when a defendant asserts state action immunity, often referred to as Parker immunity. However, the circuit courts have struggled with the question of whether a denial of Parker immunity is immediately appealable as a collateral order. This unsettled procedural issue is further complicated by the fact that the substantive law on Parker immunity differs depending on the entity asserting state action. This Article argues that a governmental entity that is deemed part …
Accurately Instructed In The Law: Finding State Jury Instructions,
2015
Wayne State University
Accurately Instructed In The Law: Finding State Jury Instructions, Jan B. Bissett, Margi Heinen
Library Scholarly Publications
No abstract provided.
The Origins Of Legislation,
2015
Vanderbilt University Law School
The Origins Of Legislation, Ganesh Sitaraman
Vanderbilt Law School Faculty Publications
Although legislation is at the center of legal debates on statutory interpretation, administrative law, and delegation, little is known about how legislation is actually drafted. If scholars pay any attention to Congress at all, they tend to focus on what happens after legislation is introduced, ignoring how the draft came to exist in the first place. In other words, they focus on the legislative process, not the drafting process. The result is that our account of Congress, the legislative process, and the administrative state is impoverished, and debates in statutory interpretation and administrative law are incomplete. This Article seeks to …
Financing Education: An Overview Of Public School Funding,
2015
University of Dayton
Financing Education: An Overview Of Public School Funding, Charles J. Russo, William E. Thro, Frank M. Batz
Educational Leadership Faculty Publications
Financial resources for public education are increasingly scarce, and district leaders at all levels continue to struggle to maintain adequate levels of financial resources for their students and programs using complex funding formulas unique to their own jurisdictions. To help educators and education stakeholders better understand the dimensions of paying for public education, we begin with an overview of the historical development of school finance litigation that has shaped the funding mechanisms in most jurisdictions. The next section highlights developments in four representative jurisdictions from the funding formulas currently available in ASBO International’s Funding Formula Library. The library, available on …
Business And Commercial Litigation In Federal Courts (3d Ed.), Edited By Robert L. Haig,
2015
St. John's University School of Law
Business And Commercial Litigation In Federal Courts (3d Ed.), Edited By Robert L. Haig, James M. Wicks
St. John's Law Review
(Excerpt)
The BCL is comprehensive, up-to-date, and very user-friendly. The practice aids, strategic considerations, checklists, and forms all make this set of books a "must-have" for every business litigator who is or will be going to federal court. Even as law libraries seem to be moving toward cutting book subscriptions, if one were to subscribe to only a single set of practice-based books, this should be it.
The Roberts Court And Securities Class Actions: Reaffirming Basic Principles,
2015
The University of Akron
The Roberts Court And Securities Class Actions: Reaffirming Basic Principles, Eric Alan Isaacson
Akron Law Review
Part II of this Article presents an overview of Roberts Court decisions concerning class litigation...The Article’s primary focus, however, is on a trilogy of Roberts Court decisions concerning class certification in open-market securities fraud cases, where fraudulent statements allegedly manipulated the price of securities traded in the open market: Erica P. John Fund, Inc. v. Halliburton, Co. (“Halliburton I”), Amgen, Inc. v. Connecticut Retirement Plans and Trust Funds, and Halliburton Co. v. Erica P. John Fund, Inc. (“Halliburton II”)...Rather than jumping directly into a discussion of the three decisions, which have been extraordinarily good news for investors seeking to prosecute …
The Practical Approach: How The Roberts Court Has Enhanced Class Action Procedure By Strategically Carving At The Edges,
2015
The University of Akron
The Practical Approach: How The Roberts Court Has Enhanced Class Action Procedure By Strategically Carving At The Edges, Paul G. Karlsgodt, Dustin M. Dow
Akron Law Review
This Article explores the practical impacts of the Court’s class-action jurisprudence from 30,000 feet, observing that, with some notable exceptions, the Court has nibbled away at the rough edges of class-action procedure while passing on chances to dictate more drastic reform. Part II is a chronological summary of notable Roberts Court cases that have come to define its approach toward class litigation. Perhaps surprisingly, the Court eased its way to this point, neglecting to grant certiorari in any significant class-action cases for the first four years after the swearing in of Chief Justice Roberts in 2005. That changed in 2009 …
The New Class Action Federalism,
2015
The University of Akron
The New Class Action Federalism, Mark Moller
Akron Law Review
Because separation of powers is “an aspect of federalism”10—a mechanism through which federalism is protected—this idea helps connect the Court’s “happenstantial” class action federalism with constitutional principle. This Article develops this idea in three parts. Part I briefly summarizes Richard Marcus’s account of CAFA’s potential to catalyze a kind of hyper-aggressive mass tort nationalism. Part II then reviews how the Roberts Court’s stinting approach to class actions is, to the contrary, throwing a lifeline to federalism. Part III ends by showing how Bayer points to a link, so far undeveloped in the case law, between that stinting approach and the …
The Roberts Court And The End Of The Entity Theory,
2015
The University of Akron
The Roberts Court And The End Of The Entity Theory, Andrew J. Trask
Akron Law Review
This Article traces the shift away from the entity theory. It begins with a discussion of the various academic treatments of the entity model, from its first formulation years ago to the more radical “trust device” theories advanced today. It then looks at the various ways in which implicitly adopting the entity model has affected various rulings in class action litigation. Finally, it discusses how the 9–0 opinions in Taylor v. Sturgell, Bayer Corp. v. Smith, and Standard Fire Insurance Co. v. Knowles (buttressed by Justice Elena Kagan’s dissent in Symczyk v. Genesis Health Co.) have made it clear that …
Employment Discrimination Class Actions After Wal-Mart V. Dukes,
2015
The University of Akron
Employment Discrimination Class Actions After Wal-Mart V. Dukes, Michael Selmi, Sylvia Tsakos
Akron Law Review
This Article explores the ramifications of Wal-Mart approximately five years after the case was decided. While five years hardly provides definitive data on how the case will be interpreted, it is possible to identify trends in the cases that have been decided to date—trends that are likely to provide insight into the future of class action claims. That future suggests that there will be fewer, and perhaps no, nationwide class actions in cases that do not involve a clear challenged practice (any such cases are likely to be disparate impact cases) and that the prospect for class certification will turn …
