The Legal Fiction That GlaxoSmithKline is in Delaware

Let’s take a refresher course on 1L Civil Procedure. The federal courts have limited jurisdiction; they don’t exist to hear every case, they exist to hear cases that arise under federal law. Additionally, the federal courts have “diversity jurisdiction,” a narrow addition created “to provide a federal forum for important disputes where state courts might favor, or be perceived as favoring, home-state litigants.”

Monday Morning Regulatory Review: EPA Power Plant, Cost of Carbon, FDA & Plan B, Transplant Waiting List, Swap Clearing

Monday Morning Regulatory Review: EPA Power Plant, Cost of Carbon, FDA & Plan B, Transplant Waiting List, Swap Clearing

Unrelated events of the past week in regulatory practice include the publication of Environmental Protection Agency (EPA)’s proposed new limitations on power plant water effluents – the result of cleaner air requirements – and wider dissemination of new “social cost of carbon” standards for regulatory impact analyses.