The incumbent management of the bankrupt company that owns the Philadelphia Inquirer and the Philadelphia Daily News won a significant, but likely short lived, victory in the Third Circuit Yesterday. The Daily News reports that a three judge Thgird Circuit panel has upheld bankruptcy Judge Steven Raslavich’s ruling prohibiting the company’s creditors from using the…
Category Archives: Corporate law
Increased Criminalization of Business Practices No Bonus For Investors
That’s the general thesis of a very interesting article in the Winter 2008 issue of The City Journal. The criminalization of bad business decisions, previously dealt with in civil courts through claims for civil fraud or other liability theories, has been a troubling trend since the spectacular collapse of Enron. If recent reports concerning the…
Diller Beats Malone
Courtesy of the WSJ’s Law Blog earlier this evening came the news that Barry Diller has prevailed in his litigation with John Malone’s Liberty Media concerning Diller’s plan to split internet company IAC into 4 separate pieces. Neither guy is all that likeable, but when two new media kingpins square off in court its always…
Another View on Lord Black
In an earlier post I criticized the government’s case against Lord Conrad Black and labeled its prosecution a “jihad” against business. In the interest of being fair and balanced, I commend to you this post by Professor Bainbridge, which makes a cogent argument that Lord Black plundered his company and its shareholders.
Martha, Martha, Martha
Joan Heminway, a law professor at the University of Tennessee, has written a book entitled “Martha Sewart’s Legal Troubles,” that is due to be published in a week or so. You can order a copy here.