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Corporate & Securities Law

ContractsProf Blog

Contract law resources, information, and news for the academic community.

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Last Entry: April 01, 2011 at 16:53:52

Today in history: April 19

Posted on April 19, 2009
On this date in 1782, the Republic of the Seven United Netherlands becomes the first nation to recognize the independence of the United States. This is historically important because it marked the United States' first entry onto the world stage,...

Today in history: April 18

Posted on April 18, 2009
On this date in 1923, Babe Ruth hits a home run and the New York Yankees beat Boston 4-1 in the first game ever played at the new Yankee Stadium. The team''s owners built the stadium with their own money...

Treasury recalls toxic cash

Posted on April 18, 2009
The U.S. Treasury department announced today that it is recalling some $776 billion in U.S. currency which has been contaminated by toxic ink. [Frank Snyder]

Today in history: April 17

Posted on April 17, 2009
On this date in 1492, one of the most important contracts in history is signed, as Queen Isabella I of Castile and León inks a deal with a Genoese sailor, Christopher Columbus, to sail westward to the Orient in search...

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Signs of the times, continued

Posted on April 17, 2009
Over at Legal Profession Blog they're linking to a story about a man denied admission to the New York BAr because he had too many outstanding student loans. As an aside, bankruptcy law has always puzzled me. If you buy...

Michigan jury gives Chrysler win in breach of K suit

Posted on April 17, 2009
It's not all doom and gloom for Chrysler. Sure, its banks are balking at its reorganization plan. Its loyal longtime customers are fleeing to foreign models. Ottawa is saying it might let the company's Canadian operations die. Fiat is suggesting...

A brief detour into international civil procedure

Posted on April 17, 2009
In a case that could have major implications for U.S. civil actions against Mexican parties, a U.S. district court has held that the only way of lawfully serving a Mexican defendant is through the country's central authority in the Ministry...

PA Law Profs Sue West over "Sham" Treatise Supplement

Posted on April 16, 2009
Boozy Prof. William Clark isn't the only one to sue West over a treatise. According to Law.com, Profs. David Rudovsky (U Penn) and Leonard Sosnov (Widener) have sued West, claiming that authorship of the December 2008 pocket part to their...

Today in history: April 16

Posted on April 16, 2009
On this date in 1905, steel tycoon Andrew Carnegie (left) donated $10 million to create the eponymous Carnegie Foundation for the Advancement of Teaching. It's not really clear whether it helped. A hundred and four years later, American law schools...

Employee contract rights overridden by bankruptcy

Posted on April 16, 2009
A Canadian employee who was fired after his company sought bankruptcy protection found himself out of luck in his claim for wrongful termination. In West Bay SonShip Yachts Ltd. v. Esau, Gerald Esau had been an employee of West Bay...

Happy 5th anniversary to TaxProf

Posted on April 16, 2009
Hard to believe that it's been half a decade since a dynamic and far-seeing tax law professor (okay, who would have thought that there was such a thing?) at the University of Cincinnati took a listserv dedicated to tax professors...

NY Appellate Court Holds that Dental Student's Claims Were Properly Fashioned as Breach of Contract

Posted on April 15, 2009
We previously noted a NY trial court decision holding that a former NYU dental student improperly fashioned an administrative challenge (Art. 78 proceeding) as sounding in breach of contract. Well, an appellate court has unanimously reversed: Plaintiff properly brought this...

Today in history

Posted on April 15, 2009
On this date, April 15, 1912, the luxury liner R.M.S. Titanic slips below the icy North Atlantic waves off the Newfoundland coast. Contracts types remember the event because Sir Cosmo Duff Gordon?s quick thinking in getting himself and his wife...

Happy April 15!

Posted on April 15, 2009
Just a friendly reminder . . . . [Frank Snyder]

The ACORN bus brigade will be there soon

Posted on April 15, 2009
The American Lawyer is reporting that lawyers working on the Lehman Brothers bankruptcy matter have already billed an amazing $84 million for the work done during the past four and a half months. On an annualized basis, that's a nice...

We're cool, oh yeah, we're cool

Posted on April 15, 2009
ContractsProf, The World's Foremost Web Provider of Odd Nuggets of Stuff Primarily of Interest to People Who Teach Contract Law,tm has once again made the list of the top law-professor-edited legal blogs in this quadrant of the Milky Way. Kudos...

How are faculty members like AIG executives?

Posted on April 14, 2009
Find out in this excerpt over at TaxProf Blog. There's another similarity. One of the problems with organizations is that they tend to be run for the benefit of those who run them. Witness AIG, where execs ran the place...

Business Associations Limerick of the Week: Paramount Communications v. Time, Inc.

Posted on April 14, 2009
This case is again very complicated and involves a full panoply of defensive measures. You might think that just a few years after its Revlon decision, the Delaware Supreme Court would be eager to apply that decision to another case...

Today in history

Posted on April 14, 2009
On this date, April 14, 1828, lexicographer Noah Webster publishes the first edition of his American Dictionary of the English Language, a major landmark in the question to get Americans to use straightforward, proper English. Lawyers immediately decide to ignore...

Baxendale co-star dies in Hollywood

Posted on April 14, 2009
Longtime pornographic actress Marilyn Chamers died yesterday at age 56. Chambers helped launch the modern "adult" film industry in 1972 when she was paid $25,000 and a slice of the gross to star in Behind the Green Door. The Los...

Man sells daughter, asks police to help collect payment

Posted on April 13, 2009
A man who sold his 14-year-old daughter to a neighbor and then went to police to complain that the other party had breached the agreement by nonpayment has pleaded guilty to felony child endangerment. The man allegedly sold his daughter...

From Russia, with love

Posted on April 13, 2009
Russian authorities apparently are bringing charges against Swedish retailer IKEA for terminating a Moscow lease it had with an Italian clothing store that was its tenant. The government is proceeding under legislation that ?prohibits forcing counterparties into unfavorable contracts...

Big banks as Petri dishes for lower compensation?

Posted on April 13, 2009
A lot people have wondered whether the high-paid employees at the top investment bank are really worth the money they're paid. After all, they were at the wheel when the car went into the ditch. Could you do just as...

Weekly Top Ten

Posted on April 13, 2009
For the third week in a row, Daniel Solove's and Neil Richards's paper exploring what the first amendment has to say about contract and tort law (where civil liability frequently attaches to purely verbal expressions) keeps the number one position...

Perils of becoming a "national law school"

Posted on April 12, 2009
The University of Wisconsin School of Law has over the years earned a justified resputation as a major national law school. Its in-state rival, Marquette, also has a national focus. But it's the national focus that might give the school...

Happy Easter, everyone!

Posted on April 12, 2009
[Frank Snyder]

Pawn business holding up in recession

Posted on April 11, 2009
The big U.S. banks may be on federal life support due to subprime loans, but the consumer "nonrecourse secured loan" business (a/k/a the pawn shop) appears to be holding up pretty well. Cash America International, Inc., the nation's largest chain...

Relive your 1L Contracts class at home! With better looking people!

Posted on April 11, 2009
After what has seemed to most Contracts professors an unconscionably long time, the TV series The Paper Chase has finally come out on video. Technically, it's called "season one" although there was only one season on the original CBS program...

Bailouts may lead to fiduciary troubles

Posted on April 10, 2009
The federal bailouts of General Motors, Chrysler, and various banks may raise some interesting questions of fiduciary duties. The Wall Street Journal is reporting today that the federal government is pressuring the automakers to reach deals with bondholders before the...

More on Webb v. McGowin

Posted on April 10, 2009
When lumberman James Greeley McGowin died in 1934, his heirs stopped payments that the old man had been making to Joe Webb. The resulting case, as everyone who reads this blog knows, is Webb. v. McGowin. Two of the heirs...

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