Current Issue

An Empirical Study of Admissions in SEC Settlements

Transparency and accountability were the announced aims of the Securities and Exchange Commission (“SEC”) as it unveiled a new policy of requiring some enforcement targets to admit wrongdoing when they…
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Dueling Denominators and the Demise of Lucas

In Murr v. Wisconsin, the Supreme Court outlined a process for ascertaining the denominator in takings cases—an issue that arises both with respect to Penn Central takings claims and Lucas takings claims. The underpinnings…
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