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Joan Heminway

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Professor Heminway brought nearly 15 years of corporate practice experience to the University of Tennessee College of Law when she joined the faculty in 2000. She practiced transactional business law (working in the areas of public offerings, private placements, mergers, acquisitions, dispositions, and restructurings) in the Boston office of Skadden, Arps, Slate, Meagher & Flom LLP from 1985 through 2000.

She has served as an expert witness and consultant on business entity and finance and federal and state securities law matters and is a frequent academic and continuing legal education presenter on business law issues. Professor Heminway also has represented pro bono clients on political asylum applications, landlord/tenant appeals, social security/disability cases, and not-for-profit incorporations and related business law issues. Read More

The University of Arkansas School of Law seeks to fill a tenure-track clinical position starting in the 2023-2024 academic year with a focus on economic development, transactions, business, or entrepreneurship. Lateral applicants are encouraged to apply. Clinical professors are expected to teach 6 to 8 students during the fall and spring semesters.

A candidate must have a J.D. degree from an ABA accredited law school and a commitment to teaching in an environment dedicated to excellence in teaching and mentoring of students. The ideal candidate will have at least three (3) years of practice experience in the clinic subject. At least one (1) year of clinical teaching experience is strongly preferred. Must be a licensed attorney and be eligible to become a member of the Arkansas Bar.

We look for innovative faculty with a preference for both practice and teaching experience. Applicants must demonstrate a commitment to service to legal education and to the wider community as well as a desire to engage in the intellectual life of the University. The University of Arkansas School of Law is dedicated to the aims of diversity and strongly encourages applications from women and minorities.

The University of Arkansas-Fayetteville, located in the northwest…

I have had the good fortune of talking to friend-of-the-BLPB Frank Gevurtz about some of his illuminating “takes” on Omnicare, Inc. v. Laborers District Council Construction Industry Pension Fund, a decision we all wrestle with, it seems, in one way or another.  I recently ran into Frank (at the AALS Annual Meeting), and he informed me that some of those thoughts have made their way into a full-length article.  That article, Important Warning or Dangerous Misdirection: Rethinking Cautions Accompanying Investment Predictions, was recently posted to the Social Science Research Network (SSRN) and is available here.  The abstract follows.

We are constantly bombarded with cautions warning us of dangers to our health or wellbeing. Sometimes, however, cautions increase the danger. This article addresses one example: cautions warning investors of the risks that predictions regarding corporate performance will not pan out.

Here, the danger is investors falling prey to trumped up predictions of corporate performance, the result of which is to misallocate resources, increase the cost of capital for honest businesses, and create a drag on the overall economy. This article shows how the typical cautions accompanying predictions of corporate performance facilitate rather than avoid this danger by misdirecting…

The call for papers will be posted soon, but I wanted to let everyone know that The University of Tennessee College of Law will be hosting the National Business Law Scholars Conference in person (!) in Knoxville, Tennessee on June 15 and 16.  As many will recall, Tennessee Law was scheduled to host the conference in 2020 and 2021, only to have to move the conference online late in the game both years because of COVID-19 infection rates.  While we were happy to host our business law friends on Zoom those two years, we are truly excited to have folks come to our campus!

More coming soon.  But go ahead and save those dates.  Please reach out to me if you have any questions.

As some of you may have heard, following on the success of the Yada Yada Law School, administered by friend-of-the-BLPB Greg Shill, a group of law faculty are getting together to teach classes in the waystar/ROYCO School of Law this semester.  Classes start this week.  Class meetings will be held weekly, on prescribed days, at 6pm-7pm Pacific/8pm-9pm Central/9pm-10pm Eastern.  The first two sessions are as follows:

Tuesday, January 24:
Professor Diane Kemker
Introduction: Using “Succession” (And Scripted Entertainment) to Teach Law: How and Why
[Assignment: Required: any/all of “Succession,” Seasons 1-3; Optional/recommended: any/all of “Yellowstone,” Seasons 1-5]

Wednesday, February 1:
Professor Megan McDermott
Greg Needs a Lawyer. Is He Getting an Ethical One?
[Assignment: Season 3, Ep. 2]

I will be presenting on February 16 on What the Roys Should Learn from the Demoulas Family (But Probably Won’t), a lesson on corporate law fiduciary duties.

General information is provided in the syllabus included below.  A full schedule of class sessions will be available soon.  I will publish that, too.  I hope many of you will plan on attending.

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SYLLABUS
“Succession and the Law”
Spring 2023

About the course

This is a completely unofficial course for lawyers…

I have given several talks on ESG (environmental, social, and governance) matters in the past few months.  And, of course, it is a subject discussed in the classroom.  As we celebrate the birthday of Dr. Martin Luther King Jr. today (and this week), I could not help but feel that his work provided a foundation for—somehow embraced—current ESG discussions and actions.  So, I went poking around on the Internet.

I guess I am not the only one who noticed this connection.

On the environmental part of ESG, Los Padres ForestWatch offers that:

Dr. King’s actions and teachings led to many important acts being passed in congress including the Civil Rights Act of 1964 and the Voting Rights Act of 1965. It’s through this work that Dr. King created a movement that was meant for us to understand how we are mutually tied together and that all life is interrelated. It’s this structure of thinking that has led many to believe that his work was the early structure for the Environmental Justice Movement. We see after Dr. King’s passing that environmentalists were able to pass the Clean Air Act of 1970, the Clean Water Act of 1972 and the Endangered Species…

If you are interested in business law topics at the intersection of law & technology and social inclusion, and if you are in NYC on January 25 (or just generally available that day for a webinar!), you may want to check out the Cardozo Law Review symposium on “Automating Bias.”  The program agenda is included below.  Thanks to the symposium editor for bringing this program to our attention.

The symposium is being held at Cardozo School of Law, 55 Fifth Avenue, New York, New York, with an option to attend by webinar. (The symposium editor will send a link to the webinar to all registrants closer to the event).  In-person and live webinar attendees can receive CLE credits for attending; no CLE credits are available for remote attendees accessing the program later in recorded form.  [Note: This last sentence has been revised from the version of this post originally published to indicate that live webinar attendees may receive CLE credit.]

Those interested can register through the Eventbrite page linked here.  Click on the image below for a higher resolution copy of the program agenda and speakers.

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I have been to college bowl games before to watch the Tennessee Volunteers football team play.  There was the loss to Clemson in the Peach Bowl (Atlanta) in 2003 and there were losses to North Carolina and Purdue in the Music City Bowl (Nashville) in 2010 and 2021.  I cannot remember if I was there for the 2016 win over Nebraska in the Music City Bowl (Nashville).  And I may have missed another bowl in there somewhere.  This year, the stakes seemed bigger.  The enemy again would be Clemson.  Could this bowl game be a revenge match for the 2003 Peach Bowl loss?

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And so, here we were (me, my husband, and my 31-year-old daughter), at 4:30 am Friday morning, December 30, 2022.  We were awake and showered and packing the car for our first trip to the Orange Bowl.  Tennessee football had played well in a truly storied 2022 season.  And I was there for it all (at least for the home games).  Due to my service to the campus, I had the opportunity to get great tickets.  My hubby and daughter were “in.”  Now, it was “go time.”

Having arranged the trip late in the game and…

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As a law professor, I find December a very confusing month.  On the one hand, exams are given and papers are in, and grading them and determining course grades loom large.   These activities consume inordinate amounts of time and are stressful, adding to the stress of holiday preparations (a real thing some of us do not acknowledge).  And then there always is the need to work in medical appointments that did not make it into one’s schedule during the fall semester.  The negative energy can be overwhelming.

Yet, on the other hand, class preparation is done.  Scheduling things gets a bit easier since class meetings are no longer happening.  The many hours of grading even have some bright moments–moments in which you are confident someone really “gets it” (whatever “it” is)  There is some joy in the gift-buying and wrapping, menu-planning and cooking, and certainly in gift-giving.  And there is gratitude that those medical appointments are finally happening, and that any necessary follow-ups can be organized and implemented.

The little happy surprises are, however, the best–like the wonderful homemade gingerbread pictured above, a gift from a young woman I met almost four years ago because of a talk I…

Posting something light tonight . . . .

I have found myself fascinated listening to Jax’s recent hit “Victoria’s Secret,” a clever pop ballad about female body image concerns and intimates retailer Victoria’s Secret.  The refrain is catchy and, itself, tells a story–a business story.

I know Victoria’s secret
And, girl, you wouldn’t believe
She’s an old man who lives in Ohio
Making money off of girls like me”
Cashin’ in on body issues
Sellin’ skin and bones with big boobs
I know Victoria’s secret
She was made up by a dude (dude)
Victoria was made up by a dude (dude)
Victoria was made up by a dude

Because I knew some of the history of the Victoria’s Secret business, I understood that the allusion to the “old man who lives in Ohio”–the “dude”–is a reference to Leslie Wexner, the founder of L Brands (earlier famous for owning major brands like The Limited, Express, and Abercrombie & Fitch, as well as Victoria’s Secret).  Victoria’s Secret became an independent publicly traded firm, Victoria’s Secret & Co., last year through a tax-free spin-off from L Brands (now known as Bath & Body Works, Inc.).  From the Victoria’s Secret & Co.

My classroom teaching for the semester is over.  I am in “grading mode”–not my favorite way of being.  But final assessments must be completed!  (Wishing you well in completing yours.)

Before I left the classroom, however–specifically, in the last class meeting for my corporate finance students–I did have some fun.  I saved my last class session in the course to address what my students wanted me to cover.  I asked for the topics in advance.  They covered a range of corporate finance topics, from litigation issues (Theranos, FTX, and current hot legal claims) through common mistakes to avoid in a corporate finance practice to survival tips for first-year law firm associates.  Weaving all of that together in a 75-minute class period was a tall task.

My ultimate vehicle was to come up with a list of maxims–short-form guidance statements–that would allow me to address all of what my students had asked me to cover.  I came into class with just a few maxims to get us started and cover the basics.  But the conversation was very engaged and got rich relatively quickly.  As we riffed off each other’s questions and comments, my little list grew to a robust thirteen maxims!  …