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9 Rev. Litig. 473 (1990)
The Remedies Issues: Compensatory Damages, Specific Performance, Punitive Damages, Supersedeas Bonds, and Abstention

handle is hein.journals/rol9 and id is 479 raw text is: The Remedies Issues: Compensatory Damages, Specific Performance, Punitive Damages, Supersedeas Bonds, and Abstention Douglas Laycockt Table of Contents I. Introduction ............................ II. Compensatory Damages .................. A. The Basic Calculation ................ B. The Source of Pennzoil's Expectancy ........ C. The Second-Takeover Argument ........... D. Discounting to Present Value ............ E. Compensating Lost Expectancies .......... III. Specific Performance and the Motion for Preliminary Injunction ........ IV. Punitive Damages ..................... V. The Federal Injunction Litigation ............. A. The Merits of the Federal Claim .......... 1. The Situation Pending Appeal .......... 2. The Supreme Court's Precedents ........ 3. The Logic of Texaco's Argument ........ B. Abstention Arguments ................ 1. Younger Abstention ............... 2. Pullman Abstention ................ 3. The Rooker-Feldman Doctrine ......... VI. Conclusion ......................... . . . 474 . . . 475 . . . 475 . . . 481 . . . 485 S. . 488 . . . 490 . . . 493 . . . 499 . . . 500 ... 501 . . . 503 . . . 509 ... 511 ... 516 . . . 516 ... 522 . . . 524 . . . 527 tAlice McKean Young Regents Chair in Law, The University of Texas at Austin. B.A. 1970, Michigan State University; J.D. 1973, The University of Chicago. Part 11I, relating to specific performance, was supported by a grant from the Shell Oil Company Foundation. Henry Hu, L.A. Powe, and Elizabeth Warren offered helpful comments on an earlier draft; Joel Seligman helped with the discrepancy between asset values and stock-market values. I had helpful conversations with Jay Westbrook about the collec- tions issues. I finished this Article during a visit at the University of Michigan Law School, where Kathleen Bradley provided helpful research assistance and the faculty and staff provided a pleasant and supportive workplace. 473

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