Revlon, Nozik - Revlon Public company wanted to make the...

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Revlon Public company wanted to make the company private by selling it to one majority stakeholder Trying to force the shareholders to sell their shares Noteholders are like employees in the way that their interest in the corporation are contractual Revlon Rule When corporate officers are able to max shareholder value in a way that impairs noteholder but does not violate the contract of noteholders, they are obligated to do so because of their duties to shareholders 10-15 short answer/multiple choice, maybe 1 long essay Nozick Justice in acquisition - how you first acquire property rights
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Unformatted text preview: Justice in transfer - how you acquire property rights over something that has been transferred Rectification of injustice - restore something to its rightful owner Asymmetric information is where the information is fully shared between the employees/employers and the consumers---------- EXAM 1 ----------Static vs Dynamic efficiency Static - it is inefficient to have DWL Dynamic - you would not have the drug if it were not for the pharmaceutical patents which will now have a monopoly Patent law requirements- Novel (must not exist already)- Useful- Non-obvious...
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