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Peyton Manning or LaDanian Tomlison? Fantasy sports league enthusiasts can argue over who the top pick will be in this year's draft ' without worrying whether they are participating in illegal gambling after a ruling by a federal judge in New Jersey.
In the case of Humphrey v. Viacom, Case No. 06-2768 (DMC) (N.J. Dist.; June 20, 2007), the plaintiff sued the CBS Corporation, CBS Television Network, SportsLine.com, the Walt Disney Company, ESPN, the Hearst Corp., Vulcan, Vulcan Sports Media and The Sporting News. The complaint alleges that the defendants operate fantasy sports Web sites in violation of various state gambling laws. The plaintiff sought to recover losses incurred by the residents of the states who participated in these sports games.
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There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
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Why is it that those who are best skilled at advocating for others are ill-equipped at advocating for their own skills and what to do about it?