danielisaac

4 ms·

1.
by danielisaac 6y ago
It's not just a character and fitness check for past conduct. Almost all states require that students pass the Multistate Professional Responsibility Exam (MPRE) for admission to the bar. In some ways it's like the bar exam, but i
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by danielisaac 6y ago
Agree with the above. There are also cases in which secured or unsecured creditors will vote for a Chapter 11 reorganization plan to give something to equity holders--even in violation of typical absolute priority--if it helps get the plan
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by danielisaac 6y ago
Interesting argument, but I think this is somewhat different. A bankrupt company could always offer new equity to its existing creditors as part of a Chapter 11 reorganization plan, but that's not exactly a sale. If you're describ
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by danielisaac 6y ago
They're not making any money, but they're not universally worse off. Depending on their status (e.g. if their debt is secured by a lien), it's totally possible that some classes of creditors could be reinstated with the same
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by danielisaac 6y ago
I'm pretty eager to see where the ASTM case lands. I'm rooting for Public.Resource.Org, but given that the DC Circuit remanded on fair use (rather than copyrightability), the court will probably consider "amount and substanti
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How Professors Help Rip Off Students(nytimes.com)
3 points by danielisaac 7y ago|0 comments
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by danielisaac 7y ago
This is my lane.
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by danielisaac 7y ago
> Criminal law is literally a set of statutes. Simply untrue in common law countries (e.g. the US). Criminal law is absolutely driven by judicial opinions and statutory interpretation. > In most states, the formal rules of evidence do
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by danielisaac 7y ago
> ...are all much more complex than the laws governing the cases that come before these low-level courts. The law is hardly a set of statutes. It's comprised of thousands of judicial opinions interpreting the code and articulating s
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by danielisaac 7y ago
I think it's unlikely that Adam would be liable for having accepted an inflated valuation. Courts typically give management pretty wide latitude to make business decisions as along as they can give some plausible explanation. It's
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by danielisaac 7y ago
This is a slight oversimplification. Self-dealing can create a presumption of unfairness, but it's rebuttable under certain circumstances. For example, if Adam had disclosed the transaction to the board and the board authorized it, it