The Archives

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

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Road Trip With Judge Robert Bork

I was in the car for 10 hours this weekend, driving from Richmond, VA, to upstate New York.  Though Judge Robert Bork was not technically in the car with me, I spent most of my driving hours listening to his book, Slouching Towards Gomorrah, on tape.  (I borrowed the book on tape two or three ... Road Trip With Judge Robert Bork

Bill Henderson Responds: The Empirics of Affirmative Action, Part II

A few days ago I asked about where we stand on the empirics of affirmative action, and more specifically, Richard Sander’s well known result that affirmative action at law schools harms blacks. I even called out folks who had been following the debate more closely: I am really looking for empirical answers from folks that ... Bill Henderson Responds: The Empirics of Affirmative Action, Part II

HCA Deal has "go shop" provision

I took a quick look at the HCA merger agreement to see whether any provisions would catch my eye. One did. The agreement contains a “go shop” provision (see earlier discussion of “go shops” here). Until 11:59 p.m. (EST) on September 12, 2006, HCA is free to solicit competing bids (see Section 7.4), although if ... HCA Deal has "go shop" provision

Where do We Stand on The Empirics of Affirmative Action?

Has the empirical question of whether affirmative action harms blacks been answered with a resounding no? Paul Butler thinks so. In a post about UCLA Professor Richard Sander’s next installment of research, Butler writes: UCLA law professor Richard Sanders has done it again. He wrote an article a few years ago making the claim that ... Where do We Stand on The Empirics of Affirmative Action?

Single Member Board Committees

Today’s W$J has an article describing some of the option granting practices at Brocade (see here). Among them was the creation of a one member compensation committee consisting of Brocade’s CEO, Greg Reyes. The article gives the following as the reasoning: The process of granting stock options was cumbersome because the compensation committee met only ... Single Member Board Committees

Organ Markets, Social Justice, and the Poor: A Reply to Professor Pasquale

Frank Pasquale at Madisonian is concerned that organ markets do not show enough concern for the poor. He writes: I’d be more sympathetic to the economic approach to the topic if it showed a bit more concern for the plight of those unable to pay for organs (and for the very poor in LDC’s whose ... Organ Markets, Social Justice, and the Poor: A Reply to Professor Pasquale

Apparently, some of us do more than just blog once in a while

I’m sure you noticed that Bill’s recent draft is, deservedly, the most downloaded corporate law paper in the last 3 months over at SSRN.  It also turns out that Josh has been pretty busy himself.  In fact, according to Brian Leiter, Josh is 19th in the list of authors with at least three papers with the ... Apparently, some of us do more than just blog once in a while

Empirical Scholarship for the Untenured and at SEALS

Lisa Fairfax kicked off an interesting discussion over at the Glom regarding some reasons why untenured folks should not engage in empirical scholarship. The basic message: it takes too long, is too hard (to get data, mostly), may not be received well by tenure committees. There are some great comments to the post defending the ... Empirical Scholarship for the Untenured and at SEALS

SSRN Top Tens for Corporate, Corporate Governance, and Securities Law

The current SSRN top tens for corporate, corporate governance, and securities law are after the jump.

NYT on Chicago’s Proposed Trans-Fat Ban

Today’s NYT contains an article on Chicago’s proposed trans-fat ban, which I criticized a couple of weeks ago. Most revealing is the chief ban proponent’s response to the argument that the city council should not try to regulate people’s (non-externality-causing) bad habits: And if the City Council had agreed to simply steer clear of peoples’ ... NYT on Chicago’s Proposed Trans-Fat Ban

ISS on Option Timing

Institutional Shareholder Services (ISS) has posted an eight-page white paper entitled An Investor Guide to the Stock Option Timing Scandal. The paper provides a good overview of the recent option backdating and spring-loading revelations. There has been a number of posts in the blawgosphere debating the legality of backdating and spring-loading. While these practices are ... ISS on Option Timing

Kinderstart Antitrust Claims Dismissed … For Now …

Google’s motion to dismiss Kinderstart’s claims has been granted with leave to amend all claims. Eric Goldman provides commentary, thoughts on the defamation claim, and a link to the court’s order. As far as the antitrust claims go, I commented here that Google’s motion was likely to prevail: Labeling conduct “anticompetitiveâ€? or “exclusionaryâ€? is simply ... Kinderstart Antitrust Claims Dismissed … For Now …