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Essay
87.2
Startup Acquisitions, Error Costs, and Antitrust Policy
Kevin A. Bryan
Assistant Professor, University of Toronto Rotman School of Management.
Erik Hovenkamp
Assistant Professor, University of Southern California Gould School of Law.

High tech industries are not only lucrative, but also highly innovative and dynamic. Large firms are not their sole source of innovation, however.

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Essay
87.2
The Common Ownership Trilemma
José Azar
Assistant Professor, University of Navarra, IESE Business School, Av Pearson, 21, 08034 Barcelona, Spain, jazar@iese.edu.

I gratefully acknowledge the financial support of Secretaria d’Universitats i Recerca del Departament d’Empresa i Coneixement de la Generalitat de Catalunya. Ref. 2016 BP00358.

Overlapping ownership of large publicly traded companies in the United States has grown dramatically in recent decades. The list of largest shareholders of almost any publicly traded company has a similar set of shareholders, namely the largest asset managers.
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Article
87.1
The Limits of Good Law: A Study of Housing Court Outcomes
Nicole Summers
Lecturer on Law and Clinical Instructor, Harvard Law School; Research Affili- ate, New York University Furman Center for Real Estate and Urban Policy. JD 2014, Harvard Law School; MALD 2014, The Fletcher School of Law and Diplomacy at Tufts University; AB 2008, Brown University.

I thank Vicki Been for substantial support in designing the study that is the subject of this paper and for insightful comments at all stages of the writing process. For very helpful feedback on prior drafts of this piece, I am grateful to Yun-chien Chang, Russell Engler, Renagh O’Leary, Cristina Rodrigues, Jessica Steinberg, Paul Tremblay, and the participants in the NYU Colloquium on the Law, Economics, and Politics of Urban Affairs, the Harvard Law School Clinical Scholar- ship Workshop, and the Works in Progress Session at the American Association of Law Schools Conference on Clinical Legal Education. I am indebted to Maxwell Austensen, Maria (Mili) Chapado, and Xingzhi Wang for performing the data analyses used in the study. I also thank Rob Collinson and Luis Herskovic for providing additional data sup- port, and Alisa Numansyah for heroically collecting and scanning over one thousand case files across all five boroughs of New York City. Scott Davis, Ethan Fitzgerald, Andrew Gerst, and Alex Wilson provided excellent research assistance. Finally, I thank the Office of Court Administration and the New York City Department of Housing Preserva- tion and Development for providing data used in the study.

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Article
87.1
A Network Theory of Patentability
Laura G. Pedraza-Fariña
JD, PhD, Associate Professor at Northwestern University Pritzker School of Law

We thank Ronald Allen, Omri Ben-Shahar, Brian Casey, Shari Seidman Diamond, Janet Freilich, Ezra Friedman, Yaniv Heled, William Hubbard, Dmitry Karshtedt, Mark Lemley, Jonathan Masur, Lisa Larrimore Ouellette, Anya Prince, W. Nicholson Price II, Rachel Sachs, Ana Santos Rutschman, David Schwartz, Michal Shur-Ofry, Matthew Spitzer, and Patti Zettler for helpful insights and comments. In addition, we are grateful for feedback from participants at the DePaul University College of Law faculty workshop, Georgetown University Law School Workshop on Empirical Methods and Patents, Georgia State University faculty workshop, Stanford Law School faculty workshop, The University of Chicago Law School law and economics workshop, 2018 Intellectual Property Scholars Conference (IPSC); CREATe Speaker Series at the University of Glasgow; Peking University School of Transnational Law Speaker Series; 2018 Regulation and Innovation in the Biosciences (RIBS) Conference at Washington University; University of Chicago–Tsinghua University Young Faculty Forum on Law & Social Science; and the University of Hong Kong Law & Technology Speaker Series. We also thank Michael Ellenberger for extraordinary research assistance.

Ryan Whalen
JD, PhD, Assistant Professor in the University of Hong Kong’s Faculty of Law.
In the United States, and in every single patent system in the world, one patentability doctrine—the nonobviousness doctrine—stands as the cornerstone of the patent bargain. This bargain ensures that the government only grants the monopoly associated with a patent when the inventor has created something sufficiently different from what came before.
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Article
87.1
Tort Liability and the Risk of Discriminatory Government
Ehud Guttel
Bora Laskin Professor, Hebrew University of Jerusalem Faculty of Law
Ariel Porat
President, Tel Aviv University

For their helpful comments, we thank Christopher Kutz, Meirav Furth-Matzkin, Lee Fennell, Daniel Hemel, Saul Levmore, Barak Medina, Jonathan Masur, Mitchell Polinsky, Yuval Procaccia, Weijia Rao, Re’em Segev, Stephen Sugarman, George Triantis, Eyal Zamir, and participants in the Annual Meeting of the American Law and Economics Association and in faculty workshops at the University of California, Berkeley, the University of Chicago, the Interdisciplinary Center Herzliya, the University of Haifa, the University of Southern California, Stanford University, and Tel Aviv University. For superb research assistance, we thank Bar Dor and Niva Orion.

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Comment
86.8
Exculpatory Evidence Pre-plea without Extending Brady
Brian Sanders
BA 2017, Pepperdine University; JD Candidate 2020, The University of Chicago Law School

I thank Professor Douglas Baird for his critiques, especially in regard to big boy clauses. I thank Brendan Anderson, Tiberius Davis, and Zachary Reynolds for listening to me talk incessantly about exculpatory evidence and for providing indispensable feedback. I thank Charles F. Capps for all his insights and especially for his critique of my formal logic.

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Comment
86.8
Legal Fictions and Foreign Frictions: An Argument for a Functional Interpretation of Jesner v Arab Bank for Transnational Corporations
Kelly Geddes
AB 2017, University of Chicago; JD Candidate 2020, The University of Chicago Law School

I would like to thank Professor Tom Ginsburg, Professor Mary Ellen O’Connell, Michael Ortiz-Benz, and the editors and staff of The University of Chicago Law Review for their assistance and insightful feedback throughout the process of writing this Comment.

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Article
86.8
Federal Expansion and the Decay of State Courts
Diego A. Zambrano
Assistant Professor of Law, Stanford Law School

For thoughtful comments and conversations, I thank Greg Ablavsky, Robert Bone, Adam Chilton, Mariano-Florentino Cuellar, David Freeman Engstrom, Richard Epstein, Eric Fish, Nora Freeman Engstrom, Jacob Goldin, Alexandra Lahav, Hiba Hafiz, Deborah Hensler, Daniel E. Ho, David Hoffman, William Hubbard, Samuel Issacharoff, Emma Kaufman, Amalia Kessler, Dan Klerman, Jonathan Masur, Michael McConnell, Lisa Larrimore Ouellette, Saul Levmore, Jim Pfander, Bill Rubenstein, Joanna Schwartz, Catherine M. Sharkey, Shirin Sinnar, Norm Spaulding, Alan Trammell, Adam Zimmerman, and the editors of The University of Chicago Law Review. I also thank participants at the Annual Civil Procedure Workshop and the Clifford Symposium.

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Article
86.7
Settlement Malpractice
Michael Moffitt
Roger D. Fisher Visiting Professor in Negotiation and Conflict Resolution, Harvard Law School. Philip H. Knight Chair in Law, Professor, and former Dean at the University of Oregon School of Law.

For their feedback, I thank Professors Ian Ayres, Rishi Batra, Glenn Cohen, Noam Ebner, Deborah Eisenberg, John Goldberg, David Hoffman, Louis Kaplow, Andy Kaufman, Andrew Mamo, John Manning, Martha Minow, Bob Mnookin, Scott Peppet, Jeff Seul, Jean Sternlight, Andrea Schneider, Guhan Subramanian, Cass Sunstein, and Rachel Viscomi. I benefited enormously from feedback at faculty colloquia at Harvard, Maryland, and UNLV. And I thank my research assistants Haley Banks, Christopher Dotson, Juhi Gupta, Ayoung Kim, Ben Pincus, Jordan Shapiro, Austin Smith, and Elise Williard, without whose careful work this research would have been impossible.

Most clients likely believe that their lawyers have provided outstanding service in such contexts—and most clients are likely correct in that assessment. Given that most lawsuits settle3 and that lawyers play a central role in settlement negotiations and decision-making, however, we must assume that at least some lawyers sometimes fall short of the profession’s standards of care in the settlement context.