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Statistical Lessons of Ricci v. De Stefano
The first part of this article about the Supreme Court's ruling Ricci v. De Stefano discussed what statisticians really have to say about disparate impact. The conclusion herein addresses the results of, and lessons to be learned from, the Ricci case. But first a quick review: The City of New Haven, CT, hired a company to develop a promotional test for firefighters. The lieutenant's test was given to 43 white firefighters and 19 black firefighters, producing the following results: 25 whites passed (58%) and six blacks passed (32%). The New Haven procedure for promotion involved a second phase and the results of that phase meant that 10 whites (40% of those passing the test) and no blacks (0%) would actually receive promotions. The City was sued.
A Quick Look at the Ricci Results
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Bankruptcy Sales: Finding a Diamond In the Rough
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.
Bit Parts
Summary Judgment Denied Defendant in Declaratory Action by Producer of To Kill a Mockingbird Broadway Play Seeking Amateur Theatrical Rights
Risks of “Baseball Arbitration” in Resolving Real Estate Disputes
“Baseball arbitration” refers to the process used in Major League Baseball in which if an eligible player's representative and the club ownership cannot reach a compensation agreement through negotiation, each party enters a final submission and during a formal hearing each side — player and management — presents its case and then the designated panel of arbitrators chooses one of the salary bids with no other result being allowed. This method has become increasingly popular even beyond the sport of baseball.
One Overlooked Element of Executive Safety: Data Privacy
Executives have access to some of the company's most sensitive information, and they're increasingly being targeted by hackers looking to steal company secrets or to perpetrate cybercrimes.
Why So Many Great Lawyers Stink at Business Development and What Law Firms Are Doing About It
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?