“Did you hear the one about the guy with the Park Avenue apartment full of toxic mold? He couldn?t find anyone to buy the place for $15.5 million, so he jacked up the asking price last week to $18 million. … At 515 Park Avenue, real-estate developer Richard Kramer would have you believe that recently, his apartment went up in value by $2.5 million even as he and the condominium?s board of managers continue to fight multimillion-dollar lawsuits against the building?s developers and sponsors, in which they allege that the 43-story tower is plagued with a mold infestation and major construction deficiencies.” (Blair Golson, “Toxic-Mold Gold: Shoddy High Rises Sold With Flaws”, New York Observer, Jun. 23 (temporary URL — after it expires, try search function))
Chronicling the high cost of our legal system
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Point of Law- Preemption and national banks: Cuomo v. Clearing House Association, cont'dKevin Funnell at Bank Lawyers' Blog says Justice Scalia's majority opinion is not nearly as helpful to broad regulatory efforts by state AGs as one might have thought from some of the first reports. Earlier coverage here.... […]Walter Olson
- Chinese drywall litigationA report from New Orleans.... […]Walter Olson
- F. Vincent Vernuccio, "A Primer on the Employee Free Choice Act's Arbitration Provision"A case against government-imposed first contracts (PDF) from the Competitive Enterprise Institute. More: Jackson Lewis.... […]Walter Olson
- Adverse selection and insurance regulationRegulation of sectors like health and auto insurance is often explained as an response to market failures arising from adverse selection, but, say Alex Tabarrok and Bryan Caplan, most of the real-world elements of regulation are hard to explain that... […]Walter Olson
- Lawmakers who wear two hats, cont'dAs noted Thursday, a Brooklyn state senator with clout over the issue of city school reorganization simultaneously, as a private attorney, represents a former assistant principal suing Chancellor Joel Klein for wrongful termination. The problem of two-hatted state lawmaker/attorneys is... […]Walter Olson
- Preemption and national banks: Cuomo v. Clearing House Association, cont'd
- Volokh
- Democracy and Political Knowledge in Ancient Athens - Why Ancient Athenian Voters Were Not as Ignorant as We Have Been Taught to Think:Josiah Ober's excellent recent book Democracy and Knowledge: Innovation and Learning in Classical Athens challenges one of the oldest bits of conventional wisdom in political theory: the idea that the... […]Ilya Somin
- Illinois Faculty Respond to the Tribune:Larry Ribstein has posted a copy of a lengthy open letter from several prominent members of the University of Illinois School of Law faculty responding to the Chicago Tribune's breathless... […]Jonathan Adler
- No Money Down Mortgages--A Predictable Problem:On Friday, co-blogger Kenneth linked to this piece in the Wall Street Journal explaining that the main cause of the "foreclosure crisis" is no-money-down mortgages. The author of the... […]David Bernstein
- Are Law Schools Relevant to the Future of Law?Bill Henderson ponders whether law schools are preparing their students -- or themselves -- for the future. As with so much that Henderson writes, it's a must read for those... […]Jonathan Adler
- I Met Frederick Douglass Today:... […]Randy Barnett
- Democracy and Political Knowledge in Ancient Athens - Why Ancient Athenian Voters Were Not as Ignorant as We Have Been Taught to Think:
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