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SCOTUS Declines to Review $455 Million International Arbitration Award in Biotech Patent Dispute
January 16, 2018
The United States Supreme Court has declined to consider whether an international arbitration tribunal’s award in a breach of contract and patent infringement lawsuit should be overturned. In Dow Agrosciences, LLC, et al. v. Bayer Cropscience AG, et al., Nos. 2016-1530 and 2016-1623 (March 1, 2017), a foreign corporation, Bayer, entered into a licensing agreement with Delaware-based Dow Agrosciences related to several of Bayer’s patented biotechnologies. More than a decade later, Bayer...
January 16, 2018
The United States Supreme Court has declined to consider whether an international arbitration tribunal’s award in a breach of contract and patent infringement lawsuit should be overturned. In Dow Agrosciences, LLC, et al. v. Bayer Cropscience AG, et al., Nos. 2016-1530 and 2016-1623 (March 1, 2017), a foreign corporation, Bayer, entered into a licensing agreement with Delaware-based Dow Agrosciences related to several of Bayer’s patented biotechnologies. More than a decade later, Bayer...
Article on Creditors’ Claims Against Trustees and Trust Funds
January 15, 2018
Aleksi Ollikainen recently posted an Article entitled, Creditors' Claims Against Trustees and Trust Funds, Wills, Trusts,...
January 15, 2018
Aleksi Ollikainen recently posted an Article entitled, Creditors' Claims Against Trustees and Trust Funds, Wills, Trusts,...
Crowdsourcing Accurately and Robustly Predicts Supreme Court Decisions
January 15, 2018
Scholars have increasingly investigated “crowdsourcing” as an alternative to expert-based judgment or purely data-driven...
January 15, 2018
Scholars have increasingly investigated “crowdsourcing” as an alternative to expert-based judgment or purely data-driven...
CodeX is Connecting the Artificial Intelligence and Legal Communities
January 14, 2018
Best described as an incubator of ideas, CodeX, the Center for Legal Informatics, is a joint venture between Stanford Law School and Stanford Computer Science department. “We are an inter-disciplinary research centre,” says executive director Roland Vogl (pictured). “Our mission is to bring information technology to the legal system to make it more efficient and to empower every stakeholder. We understand there’s a lot of interest in helping lawyers do their work more efficiently.” Started...
January 14, 2018
Best described as an incubator of ideas, CodeX, the Center for Legal Informatics, is a joint venture between Stanford Law School and Stanford Computer Science department. “We are an inter-disciplinary research centre,” says executive director Roland Vogl (pictured). “Our mission is to bring information technology to the legal system to make it more efficient and to empower every stakeholder. We understand there’s a lot of interest in helping lawyers do their work more efficiently.” Started...
Mosten and Scully’s New Book on Unbundled Legal Services
January 14, 2018
What is Unbundling and Why is it Important? Unbundling goes by many names, including “limited scope legal services.” ...
January 14, 2018
What is Unbundling and Why is it Important? Unbundling goes by many names, including “limited scope legal services.” ...
Lexis Advance Now Integrates Attorney Analytics from Lex Machina
January 13, 2018
When LexisNexis acquired the legal analytics platform Lex Machina in November 2015, the the plan was to integrate Lex Machina’s analytics into various LexisNexis products and, in particular, its Lexis Advance legal research platform. Last January, it took the first step in that direction when it integrated judge analytics into Lexis Advance, and later in the year it added integration for law firm analytics. Yesterday LexisNexis rolled out the third such integration, attorney analytics....
January 13, 2018
When LexisNexis acquired the legal analytics platform Lex Machina in November 2015, the the plan was to integrate Lex Machina’s analytics into various LexisNexis products and, in particular, its Lexis Advance legal research platform. Last January, it took the first step in that direction when it integrated judge analytics into Lexis Advance, and later in the year it added integration for law firm analytics. Yesterday LexisNexis rolled out the third such integration, attorney analytics....
The Psychology and Neuroscience of Financial Decision Making
January 13, 2018
Financial decisions are among the most important life-shaping decisions that people make. We review facts about financial decisions and what cognitive and neural processes influence them. Because of cognitive constraints and a low average level of financial literacy, many household decisions violate sound financial principles. Households typically have under-diversified stock holdings and low retirement savings rates. Investors over-extrapolate from past returns and trade too often. Even top corporate...
January 13, 2018
Financial decisions are among the most important life-shaping decisions that people make. We review facts about financial decisions and what cognitive and neural processes influence them. Because of cognitive constraints and a low average level of financial literacy, many household decisions violate sound financial principles. Households typically have under-diversified stock holdings and low retirement savings rates. Investors over-extrapolate from past returns and trade too often. Even top corporate...
Indiana Sues Hotel for Punishing Guests for Bad Reviews!
January 12, 2018
The state of Indiana sued a hotel which “maintained a written policy stating if a consumer made any negative statement, including an online comment or review, regarding their stay at Abbey Inn & Suites, the Defendants would charge the consumer an additional $350.00 and pursue legal action against the consumer.” The case of the State of Indiana v. Abbey Management Inc.was filed for injunctive relief, civil penalties, and costs which was reported in the Washington Post on December 20, 2017...
January 12, 2018
The state of Indiana sued a hotel which “maintained a written policy stating if a consumer made any negative statement, including an online comment or review, regarding their stay at Abbey Inn & Suites, the Defendants would charge the consumer an additional $350.00 and pursue legal action against the consumer.” The case of the State of Indiana v. Abbey Management Inc.was filed for injunctive relief, civil penalties, and costs which was reported in the Washington Post on December 20, 2017...
Choice Overload in Online Platforms
January 12, 2018
The choice overload effect refers to the experimental finding that a larger choice set may in fact yield fewer overall purchases than would be observed with a smaller set. The effect has received much attention, but empirical evidence has been mixed so far. We describe the first study that attempts to confirm choice overload in a large online experiment, involving thousands of households making major purchases. The experiment was conducted by an online travel and price aggregator company, which offered...
January 12, 2018
The choice overload effect refers to the experimental finding that a larger choice set may in fact yield fewer overall purchases than would be observed with a smaller set. The effect has received much attention, but empirical evidence has been mixed so far. We describe the first study that attempts to confirm choice overload in a large online experiment, involving thousands of households making major purchases. The experiment was conducted by an online travel and price aggregator company, which offered...
Wisdom of the Crowd Accurately Predicts Supreme Court Decisions
January 11, 2018
FantasySCOTUS is an online fantasy league in which contestants compete by predicting decisions made by the U.S. Supreme Court. Players are ranked as in any fantasy league, and the best performers can win prizes such as a “Golden Gavel” and even $10,000 in cash. Since 2011, some 7,000 players have made over 600,000 predictions about the outcome of over 400 Supreme Court decisions. These people do not need any special qualification and entry is free, although prizes are limited to U.S. citizens....
January 11, 2018
FantasySCOTUS is an online fantasy league in which contestants compete by predicting decisions made by the U.S. Supreme Court. Players are ranked as in any fantasy league, and the best performers can win prizes such as a “Golden Gavel” and even $10,000 in cash. Since 2011, some 7,000 players have made over 600,000 predictions about the outcome of over 400 Supreme Court decisions. These people do not need any special qualification and entry is free, although prizes are limited to U.S. citizens....
