liability in such cases of “intraportfolio litigation.” Although corporae managers are typically rewarded for maximizing firm … better tool for diversified shareholders to use in motivating and evaluating managers. Not all intraportfolio litigation can … informational value because the damages awards overstate the intraportfolio harm. Our theory thus provides lawmakers with a …

The theory of insurance is considered here when an insured individual may be able to sue another party for the losses … feature of optimal insurance contracts because they relieve litigation-related risks and result in lower premiums — financed … by the litigation income of insurers. This income includes earnings from suits that insureds would not otherwise have …