Study

This course surveys the law providing ground rules for the organization, internal governance, and financing of corporations and other forms of business associations such as partnerships and limited liability companies. Topics include limited liability, fiduciary duties, shareholder voting, derivative suits, control transactions, mergers and acquisitions, public contests, and trading. The emphasis throughout is on the functional analysis of legal rules as one set of constraints on business associations, among others.

This course covers the limitations on the information that can be introduced in court codified in the Federal Rules of Evidence. We take up the issue of relevance, including the rules concerning the balance between the probative value and the prejudicial impact of evidence and the special problems of character and credibility. Also addressed are the rules pertaining to the reliability of evidence, particularly the prohibition against hearsay and its many exceptions, the constitutional constraints on the testimony offered during criminal trials, and the screening of scientific and expert testimony. The course concludes with an introduction to evidentiary privileges.

This is an introduction to the principles and concepts of commercial law and bankruptcy and their interplay. It is intended to provide a solid conceptual and practical grounding in all of the basic commercial and bankruptcy law issues that you are likely to encounter in your practice.

The course starts with a brief overview of the more innovative aspects of sales law, and then introduces such basic commercial law concepts as negotiable instruments, letters of credit, funds transfers, and documents of title. The course then focuses on secured transactions under Article 9 of the Uniform Commercial Code (UCC), including the concepts of security interests, collateral, perfection and priority, and foreclosure. That brings in the natural interplay with such fundamental debtor-creditor aspects of bankruptcy law as property of a bankrupt debtor’s estate, automatic stay of foreclosure and enforcement actions, use by a debtor of property subject to a security interest and adequate protection of the secured party’s interest, rejection and acceptance of executory contracts, bankruptcy trustee’s avoiding powers including preferences and fraudulent conveyances, post-petition effect of a security interest, set-offs, and subordination. The course also introduces basic corporate reorganization and international insolvency principles.

This course will examine constitutional provisions, constitutional and prudential doctrines, and federal statutes that govern the independence, authority, and accountability of the federal courts in the American system of government. In considering the powers, duties, and limits of the federal courts, the course will focus on their relationship to the other branches of the federal government and to the states, including state courts. There will be special emphasis on how constitutional and prudential federal courts doctrines affect—and are affected by—the separation of powers among the three branches of the national government, the federalism relationship between the national government and the states, and the roles of different branches and governments in vindicating constitutional rights. Where relevant, the course will discuss recent cases and events. Unit One will introduce the federal courts and the federal courts system. Unit Two will examine statutory and constitutional limits on federal judicial power. Unit Three will focus on the availability (or unavailability) of federal court relief against the state, local, and federal governments and government officers. Unit Four will analyze federal court review of state court judgments and proceedings. Constitutional Law is a prerequisite. This will be the last opportunity that students will have to take the course with Professor Siegel.