Amazon, eBay, Etsy, and Pinterest offer hundreds of items, from t-shirts to coffee mugs to posters, warning against agreement for the sake of agreement.* My wife has, on more than one occasion, reminded me of the danger. And now, Delaware’s Supreme Court has reason to be on alert.
In oral argument on the appeal of Sciabacucchi before the Delaware Supreme Court, petitioners and respondents concurred that federal forum provisions are not “internal corporate claims” as defined by DGCL 115. But neither side reconciled this assertion with the statute’s plain text or legislative history, and no justice pressed … Read more
High frequency trading has led to widespread efforts to reduce information propagation delays between physically distant exchanges. In my recent paper Information Transmission between Financial Markets in Chicago and New York, co-authored with Gregory Laughlin and Anthony Aguirre of UC Santa Cruz, we use relativistically correct millisecond-resolution tick data to document a 3-millisecond decrease in one-way communication time between the Chicago and New York areas that occurred from April 27th, 2010 to August 17th, 2012. We attribute the first segment of this decline to the introduction of a latency-optimized fiber optic connection in late 2010. A second … Read more