cc: @bencollins.bsky.social

What happens when the lines between debt and equity blur? Narine Lalafaryan, assistant professor of corporate law at the University of Cambridge, joins @busscholarship.bsky.social to discuss her paper “Chameleon Capital.” 1/2

Thank you, belatedly, @andrewkjennings.com for your great interview. Your questions prompted me to think more about this challenging topic. Friends, have a listen and share your comments.

DDHQ: Zohran Mamdani wins the NYC mayorship.

DDHQ: Democrat Jay Jones flips the Virginia attorney general's office.

Virginia Democrats are arguably the world's most important data-center regulators.

Side note: Georgia has way too many counties. It's just not practical.

When you're calling statewide non-federal races in Georgia for Democrats (their first such wins since 2006) before 8 pm, that's a disastrous result for Trump-Vance. Democratic tsunami.

DDHQ: Democrat Mikie Sherrill wins New Jersey governorship.

DDHQ: Both Georgia PSC seats (statewide) flip to Democrats.

DDHQ: Both Democratic candidates for the Georgia Public Service Commission (statewide) have an over 99% chance of flipping the seats. election-night.decisiondeskhq.com/date/2025-11...

DDHQ: Democrat Ghazala Hashmi wins the Virginia lieutenant governorship.

One of the Georgia PSC seats, without Fulton or DeKalb early in.

DecisionDesk HQ: Abigail Spanberger wins the Virginia governorship!

So long as they never change their election-night theme music, @nbcnews.com has me for life for watching the results come in.

I'm sensing a consensus that Pizza Hut's new buyer needs to restore the lunch buffet, but to really revive the brand you need to restore the classy vibe created by the glass lampshades

I’ll be organizing a consortium of former BOOK IT! kids to lead this buyout. Dividends will be issued in the form of vouchers entitling the holder to a one-topping personal-pan pizza.

Shoulda at least been « mot de passe ».

Polls close at 7p. I wouldn't be surprised if Ben calls the gubernatorial race by 7:20p. (I think) that's about when he called it in 2017 (although there was greater gubernatorial uncertainty that year).

The worst night of Rufus’s year is over. 364 days until the next one.

Does giving extra votes to loyal shareholders promote long-term value, or corporate entrenchment? Maria Lucia Passador, assistant professor of law at Bocconi University, joins the Business Scholarship Podcast to discuss her trilogy of articles on tenure (i.e., loyalty) voting. 1/2

How does the closet affect corporate governance? @darrenrosenblum.bsky.social (St. John's University School of Law) joins @busscholarship.bsky.social to discuss their article "Queers, Closets, and Corporate Governance." 1/2 www.youtube.com/watch?v=QATr...

How often do veil-piercing factors occur in everyday business? What might their prevalence mean for the "exceptionalness" of the PCV remedy? My new paper, "Everyday Veil Piercing," provides the first prevalence estimates of piercing factors in U.S. small businesses. papers.ssrn.com/sol3/papers....

The Weekend A fall afternoon, reading pixels on the back deck The coffee is strong, but could be stronger "In The End" whispers down the street It must be louder there A millennial is building skeletons Or planting gravestones Or fixing a car They used to play Springsteen Soon it will be The Weeknd

Why do some securities cases move from civil to criminal enforcement? Nathan Herrman, Sara Toynbee, and Matthew Kubic (all UT Austin McCombs School of Business) join @busscholarship.bsky.social to discuss their paper "Beyond Misconduct: What Explains DOJ Involvement in SEC Enforcement?." 1/2

NC Senate Poll Roy Cooper (D) 48 Michael Wheatley (R) 41 Unsure/would not vote 11

How do venture capitalists respond to startups in the adult, alcohol, gambling, cannabis, weapons, and other sin industries? My article "Vice Capital" (w/ @kimkrawiec.bsky.social) is now published in UC Irvine Law Review! scholarlycommons.law.emory.edu/faculty-arti... 1/2

This week the SEC will consider a policy statement supportive of arbitration bylaws for federal securities claims. My article “Firm Value and Intracorporate Arbitration”—while not strictly about securities claims—offers a model for a value-enhancing corporate arbitral system. 1/2

Is regulating management practices the key to better housing quality? Anika Singh Lemar, @yalelawschool-yls.bsky.social, joins @busscholarship.bsky.social to discuss her essay “Slum Managers.” 1/2

How often do veil-piercing factors occur in everyday business? What might their prevalence mean for the "exceptionalness" of the PCV remedy? My new paper, "Everyday Veil Piercing," provides the first prevalence estimates of piercing factors in U.S. small businesses. papers.ssrn.com/sol3/papers....

My article Criminal Investors—which explores the idea of investor culpability for corporate crime—is now published in the George Washington Law Review. Thank you to the student editors for your excellent work shepherding this piece to publication! papers.ssrn.com/sol3/papers....

With @kfilings.com, you can create alerts for Item 1.05 8-K disclosures (material cybersecurity incidents).

My article Criminal Investors—which explores the idea of investor culpability for corporate crime—is now published in the George Washington Law Review. Thank you to the student editors for your excellent work shepherding this piece to publication! papers.ssrn.com/sol3/papers....

I’m quoted in this @ajc.com story on Georgia Secretary of State Brad Raffensberger’s call to enhance the state’s securities-enforcement authority and capacity.

This @kfilings.com link creates an alert for any Forms 3 or 4 or Schedules 13D or 13G filed for Intel Corp. www.kfilings.com/68a3ca98bedb...

One frequent request I've gotten since launching @kfilings.com is "can I sign up for just Form 13Fs?" With some recent updates that make the tool more granular, the answer is now yes! This template link allows you to create an alert for quarterly 13F filings: www.kfilings.com/68a75674d44e....

When is sports gambling "sports investing"? Melinda Roth, visiting associate professor @wlulaw.bsky.social, joins @busscholarship.bsky.social to discuss her paper "Betting on Event Contracts: The Legal Landscape of Prediction Markets for Politics and Sports." 1/2

Given the news that the U.S. government might acquire a roughly 10% stake in Intel, I created this @kfilings.com template for alerts on any Intel-related Forms 3 and 4 and Schedules 13D and 13G. www.kfilings.com/68a3ca98bedb...