Whether it is through mutual funds, pensions or direct purchases of shares in companies, some investors are taking more than profit maximization into consideration when investing. These investors seek to promote individual social or moral preferences by choosing investments based on the products and procedures of an investment, rather than solely on accounting profitability. Essentially, these investors are looking to use their money for both moral and monetary profit. Of course, when it comes to capital markets, the customer, i.e. the investor, is still the boss. Thus understanding this trend is not merely an academic exercise but perhaps a lesson to those seeking funding. [More]

The introductory section of Flood v. Kuhn entitled "The Game" earned Justice Blackmun a smirk retort from Justice Douglas in a dissenting opinion.[1] Even Justice White who joined in the judgment of the Court noted his disapproval of the rant.[2] Even still, based on the legal doctrine of stare decisis (let the decision stand) the Court allowed a poorly-reasoned precedent stand to protect the once-beloved baseball from antitrust regulation.[3] But the courts have now redacted the special treatment previously given to baseball partially because its profit-oriented nature has become apparent. [More]

Baseball has enjoyed a special place in the hearts of American sports fans. It is touted as America’s pastime. As Americans, judges are not immune to either the love of the game or the special status it holds in American culture. While other sports faced antitrust regulation with respect to the reserve clause, baseball was exempted by the courts. [1] The reserve clause restricts the right of the player to contract with a team other than the one he is currently signed with.[2] Justice Blackmun, in his famous opinion in Flood v. Kuhn, pays homage to the baseball gods with a nearly seven-page-long introductory section entitled “The Game.”[3] This storied past of baseball (MLB) no longer holds sway as recent rulings evidence. Specifically, in the CBC v. MLB Advanced Media, a federal district court recently held that MLB did not have rights over player names and statistics so as to require fantasy baseball leagues to purchase such rights from MLB.[4] [More]

It goes by many different headlines: doping, steroids, performance enhancing drugs (PEDs). It is an issue that rears its head in competitive sports time and time again. A controversy has been building for years and is currently unfolding: allegations of a champion American cyclist having used PEDs during the Tour de France. But the American cyclist that the French accused for so long is retired, and his former teammate now sits opposed to the pointing finger of the cycling world. This time the cycling world has some evidence to support its claims. [1] This article analyzes the charges that the current Tour de France champion cyclist Floyd Landis faces and the course of appealing those charges. [More]