Print Archive
A basic assumption in the standard paradigm of corporate finance is that a company’s investors want the company to succeed. To be sure, investors of different classes—stockholders and bondholders, for example—bear risk and reward unequally.
By 1976, Congress recognized that foreign states and their business enterprises were common participants in the global economy, often transacting with US citizens. It further recognized that there were no uniform or comprehensive rules governing when and how private parties could bring suit against those foreign governments in the courts of the United States.
From the 1990s to 2017, life was good for plaintiffs in patent infringement lawsuits. In 1990, the Federal Circuit1 interpreted the patent venue statute—28 USC § 1400(b)—to allow patent venue in any district with personal jurisdiction over a corporate defendant.
In the battle against partisan gerrymandering, redistricting commissions are now on the front lines.
Vickie Sanders was convicted in a California state court of felony drug possession, sixteen years before California voters would pass Proposition 47. Proposition 47, which was passed in 2014, reduces most possessory drug offenses from felonies to misdemeanors, and allows California courts to retroactively redesignate individuals’ felonies as misdemeanors.
The Supreme Court did not use the term “federalism” in any opinions in its first 150 years. The Court had (of course) previously talked about federal-state relations, but it did so without the term “federalism”—it preferred a different vocabulary, discussing the police powers of the states and the enumerated powers of the federal government.
In asserting that “this land is our land” in his new book by that title,1 Professor Jedediah Purdy hopes to craft a narrative of possibility and common plight that can serve as a banner high and wide enough for all to unite beneath. The task he undertakes in this meditative collection of essays, written in a colloquial and often poetic tone, is no less than to sketch out a “horizon to aim for”—for all to aim for—a vision of the future to guide the kind of legal, social, and political change he wishes to see.
Suppose you are a large investment fund that just loaned money to a company. Like many large lenders, you secured the loan with the company’s equipment as collateral. But unfortunately, the company missed an interest payment and defaulted under the terms of its notes. What’s worse, it subsequently filed for bankruptcy.
Under the False Claims Act (FCA), blowing the whistle can pay—and it can sometimes pay a lot. A successful whistleblower, even one who helped submit false claims to the government, can earn millions for turning their coconspirators in.
On February 23, 2017, two titans of Silicon Valley went to war in federal court: Google filed a lawsuit against Uber, accusing it of using intellectual property allegedly stolen by one of the lead engineers on Waymo, Google’s self-driving automotive subsidiary. Specifically, Google alleged that Anthony Levandowski had misappropriated Google’s intellectual property before departing (along with other Google engineers) to found Otto, a self-driving car startup subsequently acquired by Uber for $680 million.
There has been renewed interest in recent years in the original understanding of “due process of law.” In a recent article, Professors Nathan Chapman and Michael McConnell argue that historically, due process meant only that an individual could not be deprived of life, liberty, or property without a general and prospective standing law, the violation of which had been adjudicated according to a certain minimum of common-law judicial procedures.