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The collection of all scholarly commentary on law, economics, and more

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Farewell, Larry

Larry was a brilliant, prolific, and provocative scholar who will be sorely missed.  His articles, blog posts, comments on my work, etc. sharpened my thinking and writing immeasurably.  Rest in peace Larry.  Your friend, Bill.

Goodbye my friend

It is impossible to put into words the loss I feel today. Larry was a beloved mentor and friend, he was the first person I turned to shoot down my random musings, and he always surprised me with the facility of his mind and the passion he had for ideas. Larry was an iconoclast, and ... Goodbye my friend

Larry Ribstein, RIP

Our great friend and colleague Larry Ribstein passed away this morning.  Larry will be greatly missed.  As Geoff mentioned, Larry was not only the godfather of Truth on the Market, but he was also an important intellectual and personal influence for many of us — and certainly for me.  I called upon Larry for career ... Larry Ribstein, RIP

Larry Ribstein, RIP

This morning our dear colleague, Larry Ribstein, passed away.  The intellectual life of everyone who knew him, of this blog, and of the legal academy at large is deeply diminished for his passing. For me, as for many others, Larry was an important influence, not only intellectually but personally, as well.  Larry was the godfather ... Larry Ribstein, RIP

The AALS doesn’t want to hear about the future of law teaching

The AALS each year selects a few “hot topics” program proposals for discussion of “late-breaking” subjects at the January meeting.  This year I agreed to be included in a hot topics panel described as follows: Law schools have long kept a comfortable distance from the concerns of the practicing bar. Earlier calls for reform such ... The AALS doesn’t want to hear about the future of law teaching

What Does the Stock Market Tell Us in the Aftermath of the Failed AT&T / T-Mobile Merger?

In the wake of the announcement that AT&T and T-Mobile are walking away from their proposed merger, there will be ample time to discuss whether the deal would have passed muster in federal court, and to review the various strategic maneuvers by the parties, the DOJ, and the FCC.  But now is a good time ... What Does the Stock Market Tell Us in the Aftermath of the Failed AT&T / T-Mobile Merger?

Some Much-Needed Antitrust Skepticism on Senate Letter Urging FTC Google Investigation

Back in September, the Senate Judiciary Committee’s Antitrust Subcommittee held a hearing on “The Power of Google: Serving Consumers or Threatening Competition?” Given the harsh questioning from the Subcommittee’s Chairman Herb Kohl (D-WI) and Ranking Member Mike Lee (R-UT), no one should have been surprised by the letter they sent yesterday to the Federal Trade ... Some Much-Needed Antitrust Skepticism on Senate Letter Urging FTC Google Investigation

The Twitter campaign for the STOCK act

Professor Bainbridge is urging his readers to pressure Eric Cantor into dropping his opposition to pending legislation that would ban Congressional insider trading.  But before you Twitter Cantor, please read Todd Henderson and my Politico column, in which we make the following point, among others: A prohibition on trading would be impossible to enforce because ... The Twitter campaign for the STOCK act

Notes from the tea party caucus of corporate academia

Roberta Romano has just posted her paper, Regulating in the Dark. Here’s the abstract: Foundational financial legislation is typically adopted in the midst or aftermath of financial crises, when an informed understanding of the causes of the crisis is not yet available. Moreover, financial institutions operate in a dynamic environment of considerable uncertainty, such that ... Notes from the tea party caucus of corporate academia

UCLA Law’s Lowell Milken Institute Law Teaching Fellowship Now Accepting Applications

I’m pleased to pass along the following information from the Lowell Milken Institute for Business Law and Policy at UCLA School of Law:   Introduction The Lowell Milken Institute for Business Law and Policy at UCLA School of Law is now accepting applications for the Lowell Milken Institute Law Teaching Fellowship. This fellowship is a ... UCLA Law’s Lowell Milken Institute Law Teaching Fellowship Now Accepting Applications

An academic’s day in court

About a month ago I discussed a case in which I had written an amicus brief: Last year I wrote here about Roni LLC v Arfa, which I cited as an example of the ”troubling lawlessness of NY LLC law.” In brief, the court sustained a non-disclosure claim based on “plaintiffs’ allegations that the promoter ... An academic’s day in court

AT&T/T-Mobile RIP

Yesterday, AT&T announced it was halting its plan to acquire T-Mobile. Presumably AT&T did not think it could prevail in defending the merger in two places simultaneously—one before a federal district court judge (to defend against the DOJ’s case) and another before an administrative law judge (to defend against the FCC’s case). Staff at both ... AT&T/T-Mobile RIP