Wednesday, April 22, 2020
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It's been six weeks since the WHO declared the coronavirus outbreak a pandemic, and the NBA cancelled games. As of this writing, the NY Post reports: Total cases globally = 2,561,044; Deaths = 176,984.
"in the absence of the state as a part of the collaboration, the focus of business trusts is unrepentant profit maximization .... In addition, ... default fiduciary duties in business trusts are stronger than those in corporations" @EricChaffee, 88 U. Cin. L. Rev. 797 #corpgov— Stefan Padfield (@ProfPadfield) April 19, 2020
"challenging corporate bans on classwide arbitration by filing a deluge of arbitration claims against companies"; "FairShake uses an automated system to get the arbitration started" https://t.co/zDpOAQfm2r #corpgov— Stefan Padfield (@ProfPadfield) April 17, 2020
"technology manufacturers, sellers, & service providers are richly rewarded for innovations that bring security risks, while technology users bear the bulk of the costs associated with those risks" Cybersecurity and Moral Hazard, 23 Stan. Tech. L. Rev. 71 #corpgov— Stefan Padfield (@ProfPadfield) April 19, 2020
"Our analysis shows that it is likely that both Ms. Loeffler and Mr. Burr portrayed the impact of the virus in a more positive light than they believed, and that they both made or authorized inappropriate trades based on what they knew by virtue of their positions." https://t.co/Xbng8Slo8g— Stefan Padfield (@ProfPadfield) April 16, 2020
"Form 8-K disclosure is triggered when": "an executive officer’s responsibilities are materially reduced"; "if an individual is elevated to ... performing the function of the ... absent executive"; "death or resignation of an executive officer or director" https://t.co/syJ3PzUwph— Stefan Padfield (@ProfPadfield) April 20, 2020