If you're at BC Law, I will be presenting Expert Asymmetry: Evidence from Securities Litigation in the Regulation and Markets Workshop today! www.linkedin.com/posts/boston...

NEW: Adam Callister and @agranato42.bsky.social (@yalesom.bsky.social), and Belisa Pang (@umichlaw.bsky.social) argue that differing incentives faced by plaintiffs and defendants in “battles of the experts” litigation leads to structurally higher spending by defendants on expert witnesses.

Update to this paper with a variety of additional robustness analysis just pushed to SSRN! I'll be presenting it at the Conference on Empirical Legal Studies and Boston College Law School Regulation & Markets Workshop this fall.

I am on the legal academic job market! My job talk paper is on how courts in tax, corporate, and bankruptcy law spheres value business interests systematically differently, such that the same asset is "worth" different amounts of money depending on the substantive underlying law.

Thanks @andrewkjennings.com @busscholarship.bsky.social for having us on to talk about expert witnesses!

One of best public universities on one of the five most beautiful campuses in the country. Decimated.

In 2021, I wrote about a result that occurs when the sum of the marginal federal & state income and capital gains tax rates exceeds 100%: it becomes outright more profitable for top-rate taxpayers to donate low-basis assets than sell them. medium.com/@agranato/wh...

NEW PAPER: Expert Asymmetry. When there is a "battle of the experts," civil procedure rules mean that defendants spend more on expert witnesses. In a decade of handcollected securities litigation data, Ds spend 37% more on economist experts (avg $1,150/hour). Draft: papers.ssrn.com/sol3/papers....

California's Senator Alex Padilla is dragged out of a Kristi Noem press conference by security, then forced on the ground and cuffed. Stills from video:

Securities class actions are an effective place to study civil procedure because they are tracked, fairly standardized, and nearly always filed in federal courts so their Dockets are available on Bloomberg. scholarlycommons.law.emory.edu/cgi/viewcont...

.⁦‪⁦‪@LAPDHQ‬⁩ officer just raised and aimed directly at a protester.

now this is a fun one academic.oup.com/jla/article/...

An ETF company, Alpha Architects, is about to launch a product specifically designed so that high-net-worth investors with relatively concentrated portfolios and high unrealized gains can conduct a tax-free 351 transfer into a fully diversified ETF. funds.alphaarchitect.com/wp-content/u...

Breaking News: A judge blocked a Trump administration move to bar Harvard University from admitting international students, hours after the school filed suit.

The peer review process at one of the most prestigious journals in economics did not catch that an entire submission seems to have been a fabrication. thebsdetector.substack.com/p/ai-materia...

Our NEA grant was canceled. Here’s a letter from our development director about what’s happening.

Thanks to ICI Research Seminar for having me to talk about life insurance taxation. More to come!

What’s inconvenient? Flying in and out of an airport half a state away when there’s an airport with a similar route in your very city. What’s the right thing to do? Refuse to support an airport that volunteers for lawless ICE deportation flights. Proud to boycott Avelo. www.wfsb.com/2025/04/17/p...

NEW: The Trump administration swiftly cancelled dozens of international student visas Friday at Stanford and University of California campuses, including UCLA, UC Berkeley and UC San Diego. One UC San Diego student was taken into custody at the border for deportation: www.latimes.com/california/s...

BREAKING: Ohio Gov. Mike DeWine signed SB1, overhauling the higher education system — banning DEI, limiting how "controversial topics" can be taught, & ending tenure. It will go into effect in 90 days. @news5cleveland.bsky.social @ohiocapitaljournal.com www.news5cleveland.com/news/politic...

This is horrible to post, but I may as well post it. We are essentially shutting down research operations in my group, which is focused on treatments for pediatric brain cancer. I’m a well funded investigator, and there’s no choice. Science can’t function without the stability of NIH

The Department of Justice has cited my life insurance tax article with Ari Glogower in the appeal of this case in the Second Circuit. The case flips the usual sides on which party, the IRS or the taxpayer, wants to say who violated the investor control doctrine. www.bloomberglaw.com/product/blaw...

every day is so shameful

Happy Awad v. AMC Entertainment Holdings, Inc. day to all who celebrate

Could life insurance, once meant to protect families, now be a tax shelter for the rich? @agranato42.bsky.social, JD (Yale Law School) & Ph.D. Candidate (Yale School of Management) examines cash value policies & tax loopholes. Join @insurancelawctr.bsky.social at 4 PM ET to learn more. | 1/2

Doing double life insurance presentations this week, tomorrow at Mizzou Tax Policy Colloquium and Thursday at the Connecticut Insurance Law Workshop, both available on zoom!

Impact of NIH cut starting to sink in Here's Sen. Katie Britt urging "a smart, targeted approach" in order to protect important research at UA-Birmingham, a top NIH recipient Also, as article notes, the state's largest employer www.al.com/news/2025/02...

the most generous Take is Delaware corporate law presumes that shareholder value maximization is achieved through protection of minority shareholders from controllers and a latest wave of manager-controllers argues that it's themselves who do the maximizing www.nytimes.com/2025/02/08/b...

On Wednesday, February 12th, Ari Glogower (Northwestern Law) & Andrew Granato (Yale) will present their draft paper – “Reforming the Taxation of Life Insurance” – at the Mizzou Law Tax Policy Colloquium, from 2:00 to 3:15 pm Central Time. 1/

I linked DOGE staffer Marko Elez to a deleted X account that advocated repealing the Civil Rights Act, backed a “eugenic immigration policy,” and wrote, “You could not pay me to marry outside of my ethnicity." He just resigned. www.wsj.com/tech/doge-st...

USAID’s website has been deleted, all that is left is a note saying all personnel are now on administrative leave and personnel outside the US are to be brought home. Completely illegal, no act of congress or even executive order was signed to dismantle the agency

New Exclusive building on Wired's reporting: Musk operatives have already pushed live to production extensive code changes to the Treasury Department payment system which makes 95% of fed govs payments. talkingpointsmemo.com/edblog/musk-...

Thanks for commenting. But, point of the paper is actually quite different: because complexity *within* areas in impt ways exceeds complexity *across* areas, perhaps procedure should be oriented partly around complexity at the level of the *case*, NOT (or maybe in addition to) *field of law*.

Today is a big day for US tax policy - it’s the first time you can start your tax return using information the IRS already has about you: directfile.irs.gov This is government efficiency in action

I feel like Catholicism might be the only modern religion where people seem to convert specifically for the purpose of committing apostasy

A paper I have been thinking about a lot is @gelbach.bsky.social's Beyond Transsubstantivity, in which he uses docket data from 500k cases to show that antitrust, patent, environmental tort, and securities cases are the most complex using several different metrics. papers.ssrn.com/sol3/papers....

A casual observation about "is there a serious scholarly argument that the Constitution does not guarantee birthright citizenship" fracas: ultimately, there is no way to stop a political force from generating legal ideas that suit its agenda. The only ultimate check against a legal idea is politics.

There’s always a tax angle www.law360.com/articles/228...

Do I know anyone who has applied for or knows anything about getting a FileandServeExpress fee waiver for DE Chancery?

I often think about the conversation I had with a Philly public defender who told me that there is a rarely used doctrine in Pennsylvania law that says that the lack of a prior criminal conviction is itself grounds for reasonable doubt, which in theory is a impregnable, perpetual criminal defense

If you're interested in the increasingly visible world of insurance markets, UConn's Insurance Law Center hosts a workshop on Zoom. I will be presenting on Feb 13 and a variety of scholars will be presenting throughout the semester. ilc.law.uconn.edu/insurance-la...

Fascinating paper by Claudia Goldin on drivers of low fertility in advanced economies. Countries where economic progress outstrips social progress (in particular, gender equality in household division of labour) see the most rapid falls in fertility.. www.nber.org/papers/w33311

YIMBYtown rocks! If you're at all involved in the pro-housing movement (or would like to be) I strongly, strongly recommend attending.

Public health impact of cash transfers here much greater than such effects from UBI pilot studies conducted in the US: