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Trafficked in Texas: Combatting the Sex-Trafficking Epidemic Through Prostitution Law and Sentencing Reform in the Lone Star State
Oct. 19, 2018—Trafficked-in-Texas-Combatting-the-Sex-Trafficking-Epidemic-Through-Prostitution-Law-and-Sentencing-Reform-in-the-Lone-Star-State ABSTRACT: American law has historically treated prostitution as a victimless crime, a moral trespass between two consenting individuals, rather than a potential act of violence, a product of fraud or coercion. However, growing awareness of the international sex-trafficking epidemic has brought long-settled prostitution law once more under the critical eye of academics and lawmakers...
Chevron on Stilts: A Response to Jonathan Siegel
Oct. 15, 2018—Chevron-on-Stilts-A-Response-to-Jonathan-Siegel AUTHOR: Philip Hamburger
Delaware Supreme Court Once Again Reverses Dismissal of Fiduciary Breach Claims Brought Against Target Company Directors
Oct. 10, 2018—Robert S. Reder | 72 Vand. L. Rev. En Banc 71 | Morrison v. Berry | Delaware Supreme Court Once Again Reverses Dismissal of Fiduciary Breach Claims Brought Against Target Company Directors | PDF Download Link | Corwin defense defeated due to tendering stockholders not being “fully informed” as to founder’s side deal with winning bidder.
Chancery Court Determines That 22.1% Stockholder Controls Corporation, Rendering Corwin Inapplicable
Sep. 20, 2018—Robert S. Reder | 72 Vand. L. Rev. En Banc 61 | Tesla Motors, Inc. Stockholder Litigation | Chancery Court Determines That 22.1% Stockholder Controls Corporation, Rendering Corwin Inapplicable | PDF Download Link | Determines on a “close call” that minority blockholder exhibited sufficient indicia of control to create “inherent coercion”
Chancery Court Finds Corwin Applicable to Merger Transaction Negotiated with 33.5% Stockholder
Sep. 10, 2018—Robert S. Reder | 72 Vand. L. Rev. En Banc 51 | In Re Rouse Properties, Inc. | Chancery Court Finds Corwin Applicable to Merger Transaction Negotiated with 33.5% Stockholder || Chancery Court Determines that large “minority blockholder” did not exhibit sufficient indicia of control to defeat application of Corwin. PDF Download Link
Chancery Court Holds that Defendant Directors’ Failure to Disclose Material Facts Defeated Application of Corwin, but Nevertheless Dismisses Claims Against Directors Due to Plaintiff’s Failure to Adequately Plead Directorial Breach of Their Duty of Loyalty
Aug. 16, 2018—Robert S. Reder & Elizabeth F. Shore | 72 Vand. L. Rev. En Banc 41 | Van Der Fluit v. Yates | Chancery Court Holds that Defendant Directors’ Failure to Disclose Material Facts Defeated Application of Corwin, but Nevertheless Dismisses Claims Against Directors Due to Plaintiff’s Failure to Adequately Plead Directorial Breach of Their Duty...
Delaware Supreme Court Clarifies Pleading Standard in Post-Closing Damages Action Alleging Breach of “Revlon Duties”
Jul. 31, 2018—Robert S. Reder & Victoria L. Romvary | 72 Vand. L. Rev. En Banc 29 | Kahn v. Stern | Delaware Supreme Court Clarifies Pleading Standard in Post-Closing Damages Action Alleging Breach of “Revlon Duties” | PDF Download Link | But affirms Chancery Court finding that “side deals” for corporate insiders in connection with a...
Chancery Court Again Grants Early Dismissal of Litigation Challenging Control Stockholder-Led Buyout
Jul. 31, 2018—Robert S. Reder | 72 Vand. L. Rev. En Banc 11 | Synutra | Chancery Court Again Grants Early Dismissal of Litigation Challenging Control Stockholder-Led Buyout | PDF Download Link | Chancery Court determines buyout followed “M&F Framework” even though initial offer failed to condition transaction on board committee and disinterested stockholder approval.
Chancery Court Declines to Apply Corwin to Forclose a Books and Records Inspection Under DGCL Section 220
Jul. 8, 2018—Robert S. Reder & Dylan M. Keegan | 72 Vand. L. Rev. En Banc 1 | Lavin v. West Corp. | Chancery Court Declines to Apply Corwin to Foreclose a Books and Records Inspection Under DGCL §220 | Download Link | Determines, as a matter of law, that Corwin should not preclude a stockholder’s “use...
Breaking the Binary: How Shifts in Eighth Amendment Jurisprudence Can Help Ensure Safe Housing and Proper Medical Care for Inmates with Gender Dysphoria
Apr. 18, 2018—Breaking-the-Binary ABSTRACT The Eighth Amendment prohibition against imposing cruel and unusual punishments requires correctional facilities to provide their inmates adequate medical care and reasonably safe housing accommodations. Those with gender dysphoria have unique needs and vulnerabilities related to housing and healthcare while incarcerated. Under the current framework for adjudicating inmates’ Eighth Amendment claims, defendants are...
Consenting to Adjudication Outside the Article III Courts
Apr. 18, 2018—Consenting-to-Adjudication-Outside-the-Article-III-Courts ABSTRACT Article III confers the judicial power on the federal courts, and it provides the judges of those courts with life tenure and salary guarantees to ensure that they decide disputes according to law instead of popular pressure. Despite this careful arrangement, the Supreme Court has not restricted the judicial power to the Article...
Can a Court Change the Law by Saying Nothing?
Apr. 18, 2018—Can-a-Court-Change-the-Law-by-Saying-Nothing ABSTRACT Can an appellate court alter substantive law without writing an opinion? We attempt to answer that question by conducting a novel empirical investigation into how the Federal Circuit has implemented the Supreme Court’s 2014 ruling in Alice v. CLS Bank, the most recent in a series of Supreme Court decisions strengthening patent law’s...
Procedural Design
Apr. 18, 2018—Procedural-Design ABSTRACT The procedural law dictates the sequence of steps that bring a lawsuit from filing to completion. The design of civil procedure in the federal courts is generally described as having the following sequential order: complaint, motion to dismiss, discovery, summary judgment, trial, and finally, appeal. While this is a passable description of the...
Private Benefits in Public Offerings: Tax Receivable Agreements in IPOs
Apr. 18, 2018—Private-Benefits-in-Public-Offerings-Tax-Receivable-Agreements-in-IPOs ABSTRACT Historically, an initial public offering (“IPO”) was a process whereby a company sold all of its underlying assets to the public. A new tax innovation, the “tax receivable agreement” (“TRA”), creates private tax benefits in public offerings by allowing pre-IPO owners to effectively keep valuable tax assets for themselves while selling the rest...
The Constitutional Case for Chevron Deference
Apr. 18, 2018—The-Constitutional-Case-for-Chevron-Deference ABSTRACT Prominent figures in the legal world have recently attacked the doctrine of Chevron deference, suggesting that Chevron is unconstitutional because it interferes with a court’s duty to exercise “independent judgment” when interpreting statutes. This Essay shows that Chevron’s critics are mistaken. Chevron deference, properly understood, does not prevent courts from interpreting statutes. An...