Over the past four years, since the enactment of the JOBS Act in April 2012, entrepreneurs and investors, particularly in the startup community, have been abuzz about crowdfunding, the process by which a company raises a large amount of money by selling securities in small amounts to a large number of investors. After the runaway success
While the “Leave” result of the June 23 referendum will not have an immediate impact on intellectual property, the eventual British exit (“Brexit”) from the European Union could have long-term implications for IP protection and filing decisions in Europe. On June 23, the United Kingdom voted in favor of leaving the European Union, raising questions
There has been a resurgence of concern about the misuse of financial measures and key performance indicators not based on generally accepted accounting principles (GAAP). Late last year, the Chair of the Securities Exchange Commission (SEC), Mary Jo White, addressed the 2015 National Conference of the American Institute of Certified Public Accountants (AICPA). She noted
At the February meeting of the American Bar Association’s House of Delegates in San Diego, which I attended, the delegates adopted a resolution giving states a regulatory framework for allowing non-lawyers to provide certain legal services. Resolution 105, sponsored by the ABA’s Commission on the Future of the Legal Profession, was purportedly aimed at addressing
We committed so much time and effort in law school learning to research, analyze, and advocate. We made course outlines, studied the Blue Book citation formats, searched the library for the Shepard’s pocket parts to make sure we cited cases that were not overruled, and lugged the heavy case reporters and digests from shelves to
The Temple 10-Q applauds all of this year’s graduates. Congratulations, Class of 2016!
Intermediation is a fundamental fact of finance. Intermediaries like commercial banks, investment banks, stockbrokers, mutual funds, and stock exchanges form the fabric of modern finance. Despite all these financial links, entrepreneurs and innovators continue to endeavor towards the possibilities of fundamentally disrupting and disintermediating these existential financial ties with new financial technology. In a new
Adhering to corporate formalities is often cited as a disadvantage of organizing a business using the corporate form, but those formalities play a crucial role in protecting the corporation’s shareholders. This fact was made clear in the Delaware Court of Chancery’s October ruling in the case of Zuckerberg v. Espinoza, 124 A.3d 47 (Del. Ch. 2015). The case, which
Insurers have a number of tools at their disposal to change the behavior of their policyholders. This should be relatively unsurprising. Once an insurer indemnifies a policyholder from loss, it is the insurer’s money at risk, not the policyholder’s—if the policyholder suffers a loss, the insurer must pay the cost of the loss. And insurers hate to lose money just like you and me. It is therefore in the insurer’s interest to either demand or encourage policyholders to take more precaution.
This past fall, David Price, a 30-year-old free agent, signed a seven-year contract with the Boston Red Sox worth $217 million. Less than a week later, Zach Greinke, a 32-year old free agent, signed a six-year contract with the Arizona Diamondbacks worth $206 million. Despite these astronomical contracts, I argue in a forthcoming paper in