Class Twenty -- October 30, 2014

At the start of today’s class, we will touch briefly on definitional issues (pages 839-850 from Excerpt from Chapter 13 on Definition of Investment Companies and Early Fiduciary Decisions), which you should read quickly, and then focus in on board duties, and especially the Moses v. Burgin case (pages 851-59) and the related Tannenbaum decision, which follows (pages 859-870). We will then turn to the Rosenfeld v. Black decision (pages 870-81) and the Supreme Court’s 2010 decision in the case of Jones v. Harris. As a final reading for today’s class, take a look at the D.C. Circuit’s two decision in the Chamber of Commerce litigation, especially the first decision in this series.