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The article discusses the rights of unnamed class members in class actions and shareholders in corporate derivative … derivative suits by definition necessarily determine the rights and duties of absent parties. Unnamed class members and … dissatisfied with the class action or derivative suit settlement may subsequently appeal the court's approval of the settlement …
Persistent link: https://www.econbiz.de/10012779539
that we believe is consistent with the underlying logic of the Court's jurisprudence, based on the concepts of derivative …
Persistent link: https://www.econbiz.de/10013004669
The reluctance of antitrust to condemn parallel exclusion permits oligopolies to be entrenched. This is because parallel exclusion — multiple-firm conduct that inhibits market entrants — cannot satisfy the current strictures of monopolization, which is understood to prohibit single-firm...
Persistent link: https://www.econbiz.de/10012994512
Financial Derivatives have established themselves as a major driving force in the international monetary sphere in the recent past. Financial Derivatives were originally used as an effective monetary instrument to multiply the wealth through ripple effect, of late, these instruments are also...
Persistent link: https://www.econbiz.de/10012947392
This paper studies manipulation in cash-settled derivative contract markets. When traders hedge factor risk using cash …
Persistent link: https://www.econbiz.de/10012848739
This Article analyzes the impact of insider trading on options market makers from the perspective of the characteristics of options as complex securities, the structural features of options markets, and the corresponding unique risks and hedges of these market participants. It is argued that...
Persistent link: https://www.econbiz.de/10014214481
Financial executives of firms engaged in forward contracting have raised concerns that mandated disclosure of those contracts would reveal proprietary information to rival firms. This paper considers the basis for those concerns in the framework of a duopoly in which one privately informed...
Persistent link: https://www.econbiz.de/10014034269
Within the past decade, the EU has made significant steps in strengthening and harmonising the legal framework of capital markets. Despite passing and amending secondary legislation on this topic, it only partially addressed the issue of enforcement, leaving private enforcement an issue for its...
Persistent link: https://www.econbiz.de/10014261793
Purely speculative derivatives (PSDs) are derivatives in which neither counterparty is engaged in hedging. Unless used for entertainment purposes, PSDs are irrational, less-than-zero-sum transactions. Entities that engage in PSDs jeopardize their stakeholders and increase systemic risk. PSDs can...
Persistent link: https://www.econbiz.de/10013029444
Increasing concern over corporate governance has led to calls for more shareholder in uence over corporate decisions, but allowing shareholders to vote on more issues, such as executive compensation, may not affect the quality of governance. We should expect instead that, under current rules,...
Persistent link: https://www.econbiz.de/10013091344