The Corporate Law Gorilla Award for 2011

Dave Hoffman

Dave Hoffman is the Murray Shusterman Professor of Transactional and Business Law at Temple Law School. He specializes in law and psychology, contracts, and quantitative analysis of civil procedure. He currently teaches contracts, civil procedure, corporations, and law and economics.

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3 Responses

  1. Vesh says:

    Capital flight leading to exploiting weak states.

    Europe is going to hell, which will drag the U.S. into a second recession, perhaps a real depression, given the already weak state of the economy. China is demonstrating distressing problems. There are few bright spots in the global investment market, and when they appear, they are awash with money that naturally quickly erodes the sorts of returns investors want. Where will the money go?

    I wonder to what extent we may already have gray- or black-market investment vehicles appearing. And if the ROI is behind Los Zetas (say), nation states are weakened more, and the banks are undercapitalized to the point where they’re begging broke states for cash, what happens?

  2. Vesh says:

    The answer, of course, is that law moves private, in to a mediation and enforcement role that doesn’t use what we’ve come to understand as traditional, namely, a monopoly of force held by nation states. Non-traditional actors have a seat at the table, money flows and oversight become a private intelligence matter, and the force of law becomes more dependent on principals than the backing of have become customary measures of the values of law.

  3. Lawrence Cunningham says:

    One or more of the big four auditing firms is crippled by lawsuits arising from botched audits. Many large companies cannot obtain audited financial statements from the private sector. Traders and investors go berserk. Government takes over the audit function. Public capital markets collapse.