The U.S. Supreme Court is considering whether to take up an important property-rights case, and the stakes couldn’t be higher. Unless the justices repudiate the lower courts in Starr International Co. v. U.S., the case will lay down a strange principle: that the government may unlawfully deprive shareholders of their ownership and control of a company as long as it does not formally seize their shares. Starr International and its co-plaintiffs are shareholders of American International Group, an insurance company that was bailed...

Source: Wall Street Journal March 08, 2018 23:37 UTC