liability exacerbates the incentive problem even further. A Limited Seniority Rule, where the firm may issue senior debt up to …. Shareholder liability, mandatory liability insurance and punitive damages are also discussed …

involves default theory, an analytic paradigm developed by law and economics scholars. As this article shows, default theory …

This Article argues that the liability framework governing securities trading is unable to effectively deter and … compensate harms in algorithmic markets. Theory underscores the significance of robust laws to safeguard information flows and …, benchmarking compliance using the three familiar standards grounding liability: (i) intent; (ii) negligence; and (iii) strict …

example of a pre-Bankruptcy Code resolution of a mass tort through an insolvency scheme. The Comment agrees with McKenzie …

Intentionally or not, every state's law regarding lien priority and post-foreclosure liability allocates risk between … joint and several liability for subsequent purchasers. These older and more ambiguous statutes do not indicate how state law …

The history of insolvency schemes as mass tort resolution devices is generally said to begin with the asbestos … another insolvency scheme — the equity receivership — that was a precursor to Chapter 11 of the Bankruptcy Code. The Article … of mass tort insolvency schemes as public law litigation in order to explain the different fates of the Ringling Brothers …

liability exacerbates the incentive problem even further. A Limited Seniority Rule, where the firm may issue senior debt up to …. Shareholder liability, mandatory liability insurance and punitive damages are also discussed …

economic importance of the corporate form's hallmark features: legal personality, limited liability, transferable shares …