Gurumurthy Kalyanaram: A Reported Blog

Gurumurthy Kalyanaram, NYIT, Former Professor and Dean, Reports on Assimilation-Contrast and Adaptation Level Theories and Their Application to Pricing

Posted in NYIT and UT Dallas by Gurumurthy Kalyanaram on October 22, 2014

Gurumurthy Kalyanaram, NYIT, former professor and Dean, reports on Assimilation-Contrast and Adaptation Level Theories and their application to Pricing. This material is directly abstracted from research work with Gordhan Saini.

Assimilation contrast theory provides theoretical basis of latitude of acceptance (Sherif, Taub, &Hovland, 1958; Sherif, 1963). The theory suggests that experiences form the basis for evaluating a new stimulus faced by an individual. Experiences act as a reference scale against which all other stimuli are judged. Adaptation-level theory (Helson, 1964) suggests that people evaluate a stimulus relative to the level to which they have become adapted.

Gurumurthy_Kalyanaram_LawsuitApplying these concepts and findings, Monroe (1973) argues that in the pricing context, the expectation-based reference price is the adaptation level against which other price stimuli are judged. Based on their experiences, consumers form expectation about price in their minds – this expectation is known as reference price. (more…)

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Gurumurthy Kalyanaram, Dean, former and former professor NYIT and UT Dallas and Expert Witness – Reports on The Lawsuits against Union Carbide (US) and British Petroleum (UK)

Posted in Expert Witness, Law and Lawsuit Policy, NYIT and UT Dallas by Gurumurthy Kalyanaram on September 18, 2014

Gurumurthy Kalyanaram, Dean and former NYIT and UT Dallas professor, and expert witness, Gurumurthy Kalyanaram reports on the two similar lawsuits but with dramatically different adjudications.

Two industrial disasters have brought two different outcomes in the US courts.

First, let us review the Clean Water Act lawsuit filed by the US Department of Justice and others against British Petroleum (BP) for liabilities in the explosion of Deepwater Horizon and massive oil spill in the Gulf of Mexico in April 2010. (more…)

Gurumurthy Kalyanaram, Dean, Expert Witness and Former Professor NYIT and UT Dallas – Reports on Expert Witness in Litigation

Posted in Expert Witness, Law and Lawsuit Policy, NYIT and UT Dallas by Gurumurthy Kalyanaram on September 6, 2014

Gurumurthy Kalyanaram, Dean, Expert Witness and former NYIT and UT Dallas professor Gurumurthy Kalyanaram reports on the need and status of expert witness in lawsuits (litigation).

Experts provide important inputs in arbitrations and litigations (lawsuits). Their input/counsel gives the fact-finder an objective rendition of the facts and assessment of those facts, and facilitates fair adjudication of the dispute/lawsuit.

Without an appropriate expert litigation (lawsuit) can flounder. In a decision in July 2014, Honorable Judge Laura Taylor Swain dismissed the class-action (Celebrex and Bextra) lawsuit against Pfizer because, “Plaintiffs’ failure to proffer admissible loss causation and damages evidence is fatal to plaintiffs’ claims” after the defendant admitted “without a damages expert a securities fraud trial can’t be tried.” (more…)

Gurumurthy Kalyanaram – Reports on the Bhopal Tragedy Lawsuit against Union Carbide (US)

Posted in Law and Lawsuit Policy, NYIT and UT Dallas by Gurumurthy Kalyanaram on August 26, 2014

Dr Gurumurthy Kalyanaram – Former Dean and former NYIT and UT Dallas professor, and expert witness, Gurumurthy Kalyanaram reports on the Bhopal Tragedy lawsuit against Union Carbide (US).

A lawsuit filed by Earth Rights International in the U.S. District Court against Union Carbide (US) for the Bhopal Gas Tragedy was recently dismissed by Justice John Keenan. I am familiar with John Keenan’s decisions – he is generally inclined to grant motions for summary judgment unless the plaintiff in the lawsuit can show robust evidence of dispute of fact(s). Justice Keenan’s threshold is high. He has been a senior judge since mid-1990s. (more…)

Dr Gurumurthy Kalyanaram, Dean, Expert Witness and Former Professor NYIT and UT Dallas

Posted in Law and Lawsuit Policy, NYIT and UT Dallas by Gurumurthy Kalyanaram on August 14, 2014

Reports on the Accomplishments, Outcomes and Posture of the US Supreme Court in 2013-2014 Term

Dr Gurumurthy Kalyanaram – Former Dean and former NYIT and UT Dallas professor Gurumurthy Kalyanaram reports on the accomplishments, outcomes and posture of the US Supreme Court in 2013-2014 Term.

The U.S. Supreme Court granted cert to many important issues, and adjudicated many related lawsuits in the concluded 2013-2014 Term. In resolving these important lawsuits, the U.S. Supreme Court tilted to more conservative posture without completely overturning any of the major landmark holdings but nevertheless denting many of them in a nuanced manner. (more…)

Gurumurthy Kalyanaram – Reports on the Vote to Authorize Lawsuit against President Barack Obama

Posted in Law and Lawsuit Policy, NYIT and UT Dallas by Gurumurthy Kalyanaram on August 6, 2014

Gurumurthy Kalyanaram – Former Dean and former NYIT and UT Dallas professor Gurumurthy Kalyanaram reports on the vote by the U.S. House of Representatives on June 30, 2014 authorizing a lawsuit against President Barack Obama. Gurumurthy Kalyanaram Lawsuit

In a somewhat historic but also development, the U.S. House of Representatives voted on June 30, 2014 to authorize Speaker John Boehner to file a lawsuit against President Obama for his abuse of authority. The vote was completely partisan – all the Republicans except five of them voting to authorize such a lawsuit and all the democrats voting against such a plan. So, it will essentially be Republicans suing President Obama, not so much the U.S. House of Representatives. Gurumurthy Kalyanaram Lawsuit

Of course, the American tax payers will be paying all the litigation costs because this is now considered people’s business. Gurumurthy Kalyanaram Lawsuit (more…)

Gurumurthy Kalyanaram – Reports on Interpretation of Agreements and Statutes

Posted in Law and Lawsuit Policy, NYIT and UT Dallas by Gurumurthy Kalyanaram on July 9, 2014

Gurumurthy Kalyanaram – Former Dean and former NYIT and UT Dallas professor Gurumurthy Kalyanaram reports on important US Supreme Court decisions on interpretation of agreements and statutes. Here is an executive summary of these decisions. Gurumurthy Kalyanaram Lawsuit

Ruling in several lawsuits, the Supreme Court has held in its very recent decisionsthe words of any agreement or statute must be interpreted based upon their ordinary (dictionary) meaning, to give them effect. See Law v. Siegel, 134 S.Ct. 1188, 1195 (2014); Sandifer v. United States Steel Corp., 134 S.Ct. 870, 876-877 (2014). Gurumurthy Kalyanaram Lawsuit

(more…)

Gurumurthy Kalyanaram, Important US Supreme Court Decisions on Social Policy Matters Issued in 2014

Posted in Law and Lawsuit Policy, NYIT and UT Dallas by Gurumurthy Kalyanaram on July 7, 2014

Gurumurthy Kalyanaram – Former Dean and former NYIT and UT Dallas professor Gurumurthy Kalyanaram reports on three important US Supreme Court decisions on law and lawsuit and public policy matters issued in 2014.  Here is an executive summary of these decisions. Gurumurthy Kalyanaram UT Dallas

On Campaign Finance, McCutcheon v. Federal Election Commission Gurumurthy Kalyanaram Lawsuit

A lawsuit filed by McCutcheon against Federal Election Commission, and supported by Republican National Party, found its way to the US Supreme Court.  The Court held that that the overall limits for contributions from individuals to candidates and political parties was against freedom of expression and therefore, unconstitutional.  The Court, however, did not disturb base limits of $2,600 per election.  The Court had never before had struck down a federal contribution limit. Gurumurthy Kalyanaram NYIT (more…)