Posted on: August 12, 2013

At the Freakonomics Blog, Kal Rustiala and Chris Sprigman analyze a new paper by Paul Heald which looks at the impact of copyright law on the availability of books from an economic perspective.

Heald's paper can be downloaded here.

Category:
Tag: Intellectual Property, Law & Economics, Legal Theory
Posted on: August 10, 2013

Chapter 11 (Constitutional Law) of Business Law Basics is now available online.

Tag: Professional News
Posted on: August 9, 2013

In SEC v. Shavers, Case No. 4:13-CV-416 (E.D.Tex.), the defendants moved to dismiss the complaint, in which the SEC accuses Trendon T. Shavers and his company, Bitcoin Savings and Trust (BTSCT), of operating a Bitcoin-based Ponzi scheme, on the grounds that Bitcoins are not true currency and therefore the investments solicited and accepted by BTSCT and Shavers were not "investments of money" subject to federal securities regulation.  A magistrate of the U.S.

Category:
Tag: Administrative Law, Commerce, Criminal Law, Fiduciary Duties, Securities, Taxation, Technology & Law
Posted on: August 7, 2013

Professor Richard Epstein discusses aspects Dodd-Frank and recent case law which affect the debit card industry.:

One of the great financial innovations of the 1990s was the now ubiquitous debit card. But its salad days may well be coming to an end. Why? Because of two events. First, the Federal Reserve in 2011 set rates for debit card transactions at $0.21 per transaction. Second, this past week, Judge Richard Leon of the Southern District of New York set aside two of the Fed’s regulations in NACS v. Federal Reserve.

Category:
Tag: Administrative Law, Commerce, Commercial Transactions, Consumer Protection, Law & Economics, Legislation
Posted on: August 6, 2013

In Kriti Ripley, LLC v. Emerald Invs., LLC, No. 27277, 2013 WL 3200596 (S.C.), the South Carolina Supreme Court ordered the foreclosure of the limited liability company interest of one member to pay the member's debts.  The ruling was based on S.C. Code Ann. § 33-44-504, which states:

SECTION 33-44-504. Rights of creditor.

Category:
Tag: Alternative Business Entities, Commercial Litigation, Equity / Chancery, Limited Liability Companies

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