They can't do that, can they? Constitutional limitations on the seizure of underwater mortgages *

USA - June 29 2012
This Commentary discusses a proposal, referred to below as "the property seizure program," whereby state and local governments would use their eminent domain power to "condemn" underwater mortgages—that is, mortgages under which the outstanding amount of the debt exceeds the market value of the underlying real property.

Co-authors: Brian J. Murray, Antonio F. Dias, Jayant W. Tambe, Katherine S. Ritchey, Christopher Lovrien.

Possible challenges to retroactive restrictions on executive compensation *

USA - March 31 2009
The Stimulus Bill, Section 7001, expands the executive-compensation restrictions of last fall's Emergency Economic Stabilization Act (§ 111).

Co-authors: Noel J. Francisco, Timothy J. Finn, Christian G. Vergonis, C. Kevin Marshall, Jayant W. Tambe.