Representations & Warranties, Fraud, and Risk Shifting: An Analytical Framework
SL Schwarcz - Duke Law School Public Law & Legal Theory Series, 2022 - papers.ssrn.com
Do breaches of contractual representations and warranties merely shift risk by giving rise to
contract-breach damages, or can they also give rise to fraud claims? This question is at the …
contract-breach damages, or can they also give rise to fraud claims? This question is at the …
Government loan guarantees, market liquidity, and lending standards
We study third-party loan guarantees in a model in which lenders can screen and sell loans
before maturity when in need of liquidity. Loan guarantees improve market liquidity, reduce …
before maturity when in need of liquidity. Loan guarantees improve market liquidity, reduce …
An Analysis of Large Bank Corporate Governance and Litigation Expenses
Over the past decade, the banking industry has incurred over $300 billion in litigation and
related legal costs. We analyzed the litigation expense data and corporate governance data …
related legal costs. We analyzed the litigation expense data and corporate governance data …