Legal Commentary

Larry Ribstein, pictured left, whom I joined as a co-author on the fourth edition of Unincorporated Business Entities, the world's premier casebook on non-corporate business associations (note that I didn't simply say "my co-author Larry Ribstein" because it would unfairly reflect our respective contributions), has announced that he is shutting down his six-year old blog and joining Truth on the Market.  Terms of the deal were not announced, but sources reported that TOTM paid a significant (some might even say infinite) premium over Ideoblog's current market cap.  The rumors are also that Larry will continue moonlighting in television and motion pictures under his stage name, James Rebhorn (known for his recurring role as a sleazy (other than Tovah Feldshuh's character, Danielle Melnick, aren't they all?) defense lawyer on Law & Order and the wimpy defense secretary in Independence Day, pictured right). 

Congratulations to Larry, and thank goodness Ideoblog wasn't organized as an LLC in which another member might sue him in a derivative lawsuit and incur his wrath not because of the merits but because of the form of the action. (That's an inside "Agency, Partnership, and LLC" reference.)