Section 16(b) of the Securities Exchange Act of 1934 allows for the recovery of short-swing profits realized by certain insiders from trading in a corporation's stock within a period of less than six months. Three generations of corporate law students have been taught the “lowest-in,...

In recent years, the U.S. mathematical community has been directing unprecedented attention to the problem of partisan gerrymandering, aided by computational advances and spurred by litigation challenging the spate of extreme partisan redistricting that followed the 2010 census. As North...

With the passage and impending implementation of the “first-to-file” provisions of the America Invents Act of 2011, the U.S. patent system must rely more than ever before on patent documents for its own ontological commitments concerning the existence of claimed kinds of useful objects and...

[We introduce an innovative framework to assess the contribution and persistence of factor timing within US large-cap equity funds. After decomposing active returns into three components—strategic factor contribution, tactical factor contribution and security selection—we find that they are...