Analysis and Commentary Posted in 2019-05
The Hidden Trading Costs of Diversification, the Demise of Brokers Fiduciary Duties, and the Legalization of Brokers’ Fraud

BU Law emerita professor Tamar Frankel explains how seemingly small hidden transaction fees can add up to a significant cost to the investor, particularly in long-term investments. Frankel explains that strictly literal interpretations of the regulations of broker-dealers lead to this unfair and costly result for investors and argues that society should focus on reinforcing brokers’ fiduciary duties of care (expertise) and loyalty (avoiding conflicts of interest).

Justice Department Brief Calls for Invalidation of All of Obamacare Without Justification

NYU law professor Samuel Estreicher comments on the position in the Department of Justice recently took with respect to the Patient Protection and Affordable Care Act (colloquially known as “Obamacare”), declining to defend any part of the Act in court. Estreicher argues that the DOJ’s position lacks justification and explains the weaknesses of the district court’s reasoning striking down the entire Act.

New York Lawmakers Take Aim at Trump

Cornell law professor Michael C. Dorf considers whether two New York bills—one that requires state and local officials to provide congressional committees with the President’s state and local tax records upon request, and the other that would permit the state to prosecute an individual for conduct that was presidentially pardoned—set a dangerous precedent for state interference with federal action. Dorf argues that these bills provide a permissible form of diagonal checks and balances between the branches of the state and federal government and do not raise constitutional concerns.

The SOL Reform Movement Becomes More Inclusive as Adult Victims of Sex Assault Seek Justice, Too

Marci A. Hamilton, professor at the University of Pennsylvania and CEO of CHILD USA, describes a recent development in the movement for reforming statutes of limitations for victims of sexual assault. As Hamilton explains, New Jersey Governor Phil Murphy signed into law a bill that applies not only to children, but also to victims who were sexually assaulted as adults.

What Franchise Tax Board v. Hyatt Adds to the Discussion of Stare Decisis and Reliance

Illinois law dean and professor Vikram David Amar comments on the Supreme Court’s recent decision in Franchise Tax Board v. Hyatt and what it says about stare decisis, the notion that prior Court rulings are entitled to respect in the Court today. Amar explores the point the dissent makes about reliance and argues that reliance principles should drive the Court’s approach to stare decisis.

What’s Missing in the Alabama Human Life Protection Act?

Cornell law professor Sherry F. Colb describes some ideological inconsistencies with the abortion law recently passed in Alabama, which prohibits all abortions except those necessary to protect against a serious health risk to the pregnant woman. Colb points out if an embryo or fetus and the woman carrying it are equally entitled to exist, then the exception for the serious health risk to the woman is inconsistent with that perceived equality. Colb also argues that the decision of Alabama lawmakers to penalize the abortion provider but not the abortion seeker similarly requires accepting on some level that a woman and her embryo or fetus are not co-equal occupants, which is inconsistent with the pro-life vision behind Alabama’s law.

Somewhere Over the Rainbow: The Kansas Supreme Court Protects Abortion Rights

SMU Dedman School of Law professor Joanna L. Grossman comments on the recent decision by the Kansas Supreme Court recognizing a state constitutional right to abortion. Grossman explains the historical backdrop of the dispute and describes the reasoning behind the decision of the Kansas Supreme Court.

When, If Ever, Should a Legislature Be Able to Enact a Law that it Knows (or Should Know) that Courts Today Would Invalidate?

Illinois law dean Vikram David Amar and professor Jason Mazzone considers whether (and when) a legislature should pass laws that court are likely to invalidate under current precedent. Amar and Mazzone argue that when legislatures enact laws that are at the time unenforceable, the legislatures are not necessarily wasting legislative resources or defying constitutional limits, but sometimes helpfully informing the work of other governmental actors and guide the resolution of constitutional issues

The Other Side of “Order Without Law”

BU Law emerita professor Tamar Frankel argues that while private ordering—that is, rules of behavior without the backup of law—works well in some situations, such as among diamond traders and farmers, it cannot work in other situations, including the financial system. Frankel provides a brief review of the literature on private ordering and explains why the financial system cannot work under this model, and indeed why applying it would cause dangerous trends and damaging consequences.

Supreme Court’s Conservative Majority Issues Another Atextual Ruling in a Sovereign Immunity Case

Cornell law professor Michael C. Dorf comments on the US Supreme Court’s recent decision in Franchise Tax Board of California v. Hyatt, in which the conservative majority departed sharply from the brand of originalism that Justice Clarence Thomas (who authored the opinion) and his fellow conservatives purport to favor. Dorf points out the inconsistency of the Court’s conservative bloc criticizing liberal-leaning doctrine based on broad text in rights cases while simultaneously (as here) fashioning right-leaning doctrine from the murky materials of structure and history rather than text.

A Welcome Turn to Violence

Cornell law professor Joseph Margulies describes several refreshing perspectives in the area of criminal justice reform that tackle the crucial and difficult issue of violent crime. By way of background, Margulies explains the simplistic and erroneous idea that drives the enormous (and enormously expensive) carceral state and explains the importance of recognizing humanity in order to begin to dismantle it.

Exactly What Are the Rules Concerning Supreme (or Other Federal) Court Review of Impeachment Proceedings?

Illinois law dean and professor Vikram David Amar comments on President Trump’s recent tweet suggesting that if the Democrats were to try to impeach him, he would ask the Supreme Court to block the impeachment. Amar argues that while critics of that assertion are correct, the legal matter is more complicated than might appear at first blush.

C’mon Pope Francis: You Can Do Better Than That

Marci A. Hamilton, professor at the University of Pennsylvania and CEO of CHILD USA, explains why the modest steps taken by Pope Francis ostensibly to address the child sex abuse problem in the Church are not enough to effect meaningful change. Hamilton points out that the United States has also failed to act, with the notable exception of Representative Bobby Scott (D-VA), who proposed that the Child Abuse Prevention and Treatment Act (CAPTA) re-appropriation include a requirement that the states examine their laws related to institution-based sex abuse.

Should Police Need a Search Warrant to Chalk Tires and Discover Illegal Parking?

Cornell law professor Sherry F. Colb comments on a recent decision by the US Court of Appeals for the Sixth Circuit holding unconstitutional the use of chalk by police officers to track whether a parked car has remained longer than permissible. Colb considers whether the decision—which seems to faithfully apply the US Supreme Court’s decisions in Jones v. United States and Florida v. Jardines—falls short of the “reasonable expectation of privacy” test the Court established in Katz v. United States. Colb proposes a test that instead combines trespass, information-gathering, as well as some privacy interest in that information, arguing that such a test would better reflect the scope of the Fourth Amendment.

Mulling It Over: Nine Choices Robert Mueller Made (And One He Left for Us)

Dean Falvy, a lecturer at the University of Washington School of Law, comments on Special Counsel Robert Mueller’s report on the Trump-Russia affair. Falvy points out nine deliberate choices Mueller made in conducting the investigation and drafting the report and highlights one choice Mueller notably deferred to the people.

SCOTUS LGBT Discrimination Case Will Test Conservative Commitment to Textualism

Cornell law professor Michael C. Dorf comments on three cases in which the US Supreme Court recently granted review that together present the question whether Title VII of the Civil Rights Act of 1964 forbids employment discrimination on the basis of sexual orientation and gender identity. Dorf points out that the cases pose a test for the Court’s conservative majority—whether they will keep faith with their textualist commitment and rule for the plaintiffs or instead follow their conservative social views and rule for the defendant employers.

Meet our Columnists
Vikram David Amar
Vikram David Amar

Vikram David Amar is a Distinguished Professor of Law at UC Davis School of Law and a Professor... more

Neil H. Buchanan
Neil H. Buchanan

Neil H. Buchanan, an economist and legal scholar, is a visiting professor at both Osgoode Hall... more

John Dean
John Dean

John Dean served as Counsel to the President of the United States from July 1970 to April 1973.... more

Michael C. Dorf
Michael C. Dorf

Michael C. Dorf is the Robert S. Stevens Professor of Law at Cornell University Law School. He... more

Samuel Estreicher
Samuel Estreicher

Samuel Estreicher is Dwight D. Opperman Professor of Law and Director of the Center of Labor and... more

Leslie C. Griffin
Leslie C. Griffin

Dr. Leslie C. Griffin is the William S. Boyd Professor of Law at the University of Nevada, Las... more

Joanna L. Grossman
Joanna L. Grossman

Joanna L. Grossman is the Ellen K. Solender Endowed Chair in Women and Law at SMU Dedman School... more

Marci A. Hamilton
Marci A. Hamilton

Professor Marci A. Hamilton is a Professor of Practice in Political Science at the University of... more

Joseph Margulies
Joseph Margulies

Mr. Margulies is a Professor of Government at Cornell University. He was Counsel of Record in... more

Austin Sarat
Austin Sarat

Austin Sarat is the William Nelson Cromwell Professor of Jurisprudence and Political Science at... more

Laurence H. Tribe
Laurence H. Tribe

Laurence H. Tribe is the Carl M. Loeb University Professor Emeritus at Harvard University and... more

Lesley Wexler
Lesley Wexler

Lesley Wexler is a Professor of Law at the University of Illinois College of Law. Immediately... more