Indiana Law Review Indiana ^Law Review VOLUME 14 • 1981 • NUMBER 2 rerioaical CoJIectiop d , *z Article Prospective Labor Injunctions: Do They Have a Future Charles E. Trant Notes The Business Judgment Rule: The End of a Clear Trend in Corporation Law Markets, Time, and Damages: Some Unsolved Problems in the Field of Crops Twenty-Five Years of Uninsured Motorist Coverage: A Silver Anniversary Cloud with a Tarnished Lining Beyond Enterprise Liability in DES Cases — Sindell \mwte UN!VSaS«7Y : APR 2 2 1981 SCHOOL OF UW-l&DPtS. Creditors' Rights in Bankruptcy Author Patrick A. Murphy of the Cali- fornia Bar; Partner, Murphy, Weir & Butler, San Francisco; speaker at nu- merous seminars on bankruptcy; co- author of Collier on Bankruptcy, Fif- teenth Edition. This book covers proceedings under the liquidation and rehabilitation chap- ter of the new Bankruptcy Act which became effective October 1, 1979. Topics of particular interest to credi- tors are covered in substantial detail. These include proof and allowances of claims, voiding powers, stays of lien enforcement and the rights of secured creditors. Loose leaf, approximately 500 pages, 1980 edition. Annual supplementation is planned. 1 volume $65.00 plus $1.50 postage and handling. My order includes future materials such as pocket parts, supplements, re- placement pages, advance sheets and replacement, revised, recompiled or split volumes, future new editions and additional companion or related vol- umes. At any time, I will be free to cancel or change my order for upkeep services. Contents Preface Summary Contents Detailed Contents 1. Introduction 2. Jurisdiction, Venue and Appeals 3. Commencement of a Case 4. Administration and the Bankruptcy Estate 5. Proof and Allowance of Claims, Priorities and Distribution in Liquidation Cases 6. The Automatic Stay 7. Use, Sale, or Lease of Property of the Estate 8. The Obtaining of Credit 9. Executory Contracts and Unexpired Leases 10. Preferences 11. Fraudulent Conveyances 12. The Trustee as a Hypothetical Lien Creditor or Purchaser 13. The Trustee as a Successor to Actual Creditors 14. Miscellaneous Avoiding Actions 15. Reorganizations—Administrative Matters 16. Plan of Reorganization 17. Consumer Bankruptcy 18. Adjustment of Debts of an Individual with Regular Income Appendix—Forms Tables Index SHEPARD'S/ McGRAW-HILL Post Office Box 1235 Colorado Springs, Colorado 80901 (303)475-7230 m Name Mailing Address City State Zip Please send me Creditors' Rights in Bankruptcy. Purchase includes my order for future upkeep service. Add appropriate sales tax. $65.00 plus $1.50 postage & handling. D I would like to examine for 30 days without obligation. D Have your representative call on me. D Charge my Shepard's account. Account No Bill me. Bill Firm D No future upkeep wanted. Orders subject to acceptance in Colorado Springs. Title remains with vendor until paid for in full. Terms available, no carrying charges. 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THE BUREAU OF NATIONAL AFFAIRS, INC. 1231 25th Street, N.W., Washington, D.C. 20037 Telephone: 202—452-4500 Indiana Law Review Volume 14 1981 Number 2 Copyright © 1981 by the Trustees of Indiana University Article Prospective Labor Injunctions: Do They Have a Future Charles E. Trant 581 Notes The Business Judgment Rule: The End of a Clear Trend in Corporation Law 617 Markets, Time, and Damages: Some Unsolved Problems in the Field of Crops 647 Twenty-Five Years of Uninsured Motorist Coverage: A Silver Anniversary Cloud with a Tarnished Lining 671 Beyond Enterprise Liability in DES Cases — Sindell 695 Volume 14 March 1981 Number 2 The INDIANA LAW REVIEW (ISSN 0090-4198) is the property of Indiana University and is published four times yearly, January, March, April, and June, by the Indiana University School of Law — Indianapolis, which assumes complete editorial responsibility therefor. Subscription rates: one year, $15.00; foreign $18.50. 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INDIANA LAW REVIEW INDIANA UNIVERSITY SCHOOL OF LAW -INDIANAPOLIS 735 West New York Street Indianapolis, Indiana 46202 Subscription Rates (one year): Regular, $15.00; Foreign, $18.50; Survey, $9.00 Indiana Law Review Volume 14 1981 Mark R. Wenzel Editor-in- Chief John C. Trimble Executive Editor Raymond H. Carlson N. Kent Smith Elizabeth A. Kirschling John W. Tanselle Articles Editors Lana m. Cook Debra l. Scott Managing Editors Daniel G. Areaux Nancy L. Marshall S. Andrew Bowman Patricia F. Seasor Nancy J. Davis R. George Wright Note and Development Editors Alan D. Albright Beth E. Holland Dayle L. Anderson Brenda S. Horn James H. Austen Edward A. Keirn Janet W. Averett Janet C. Knapp Cheryl A. Danberry Robert D. Maas Thomas V. Easterday Robert D. MacGill Janet E. Ellis Alan K. Mills Marshall W. Grate Mary Jo Morrison Mary C. Greives R. Russell Petterson Richard E. Hagenmaier Pamela L. Rhine Edward R. Hannon Donald S. Smith Brandt H. Hardy John C. Wall Associate Editors Paul J. Galanti Faculty Advisor Dawn Campbell Editorial Assistant Indiana University School of Law — Indianapolis 1980-1981 ADMINISTRATIVE OFFICERS AND FACULTY Administrative Officers John W. Ryan, Ph.D., President of the University Glenn W. Irwin, Jr., M.D., Vice-President Frank T. Read, J.D., Dean Gerald L. Bepko, LLM., Acting Associate Dean for Administration and Finance G. Kent Frandsen, J.D., Assistant Dean for Student Affairs Faculty Thomas B. Allington, Professor. B.S., University of Nebraska, 1964; J.D., 1966; LL.M., New York University, 1971. Edward P. Archer, Professor. B.M.E., Rensselaer Institute, Polytechnic, 1958; J.D., Georgetown University, 1962; LL.M., 1964. James F. Bailey, III., Associate Professor and Director ofLaw Library. A.B., University of Michigan, 1961; J.D., 1964; M.A.L.S., 1970. Agnes P. Barrett, Associate Professor. B.S., Indiana University, 1942; J.D., 1964. GERALD L. Bepko, Associate Dean for Academic Affairs and Professor. B.S., Northern Illinois University, 1962; J.D., IIT/Chicago-Kent College of Law, 1965; LL.M., Yale University, 1972. Clyde Harrison Crockett, Professor. A.B., University of Texas, 1962; J.D., 1965; LL.M.. University of London (The London School of Economics and Political Science), 1972. DEBRA A. FALENDER, Associate Professor. A.B., Mount Holyoke College, 1970; J.D., Indi- ana University, 1975. G. KENT FRANDSEN, Assistant Dean-Student Affairs and Associate Professor. B.S., Brad- ley University, 1950; J.D., Indiana University, 1965. David A. Funk, Professor. A.B., College of Wooster, 1949; J.D., Case Western Reserve University, 1951; M.A., The Ohio State University 1968; LL.M., Case Western Reserve, 1972; LL.M., Columbia University, 1973. Paul J. GALANTI, Professor. A.B., Bowdoin College, 1960; J.D., University of Chicago, 1963. Helen P. Garfield, Associate Professor. B.S.J., Northwestern University 1945; J.D., University of Colorado, 1967. Harold Greenberg, Associate Professor. A.B., Temple University, 1959; J.D., Uni- versity of Pennsylvania, 1962. Jeffrey W. Grove, Professor. A.B., Juniata College, 1965; J.D., George Washington University, 1969. William F. Harvey, CarlM. Gray Professor of Law. A.B., University of Missouri 1954; J.D., Georgetown University, 1959; LL.M., 1961. W. WILLIAM HODES, Assistant Professor. A.B., Harvard College, 1966; J.D., Rutgers, Newark, 1969. LAWRENCE A. JEGEN III., Professor. A.B., Beloit College, 1956; J.D., University of Michigan, 1959; M.B.A., 1960; LL.M., New York University, 1963. Henry C. Karlson, Associate Professor. A.B., University of Illinois, 1965; J.D., 1968; LL.M., 1977. William Andrew Kerr, Professor (on leave, 1980-81). A.B., West Virginia University, 1955; J.D., 1957; LL.M., Harvard University, 1958; B.D., Duke University, 1968. Walter W. Krieger, Associate Professor. A. B., Bellarmine College, 1959, J.D., Univer- sity of Louisville, 1962; LL.M. George Washington University, 1969. Wayne K. Lewis, Assistant Professor. B.A., Rutgers University, 1970; J.D., Cornell Law School, 1973. William E. Marsh, Associate Professor. B.S., University of Nebraska, 1965; J.D., 1968. Mary H. Mitchell, Assistant Professor. A.B., Butler University 1975; J.D. Cornell Law School, 1978. Melvin C. POLAND, Professor. B.S., Kansas State University, 1940; LL.B., Washburn University, 1949; LL.M., The University of Michigan, 1950. RONALD W. Polston, Professor. B.S., Eastern Illinois University, 1953; LL.B, Univer- sity of Illinois, 1958. GARY A. RATNER, Associate Professor. B.S., California Institute of Technology, 1966; M.S., Purdue University 1969; J.D., University of Connecticut, 1973; LL.M., Yale University, 1974. Frank T. Read, Dean and Professor. B.S., Brigham Young University, 1960; J.D., Duke University, 1963. Bryan M. Schneider, Assistant Professor. B.A., Amherst College, 1973; J.D., Univer- sity of South Carolina School of Law, 1976; LL.M., Yale Law School, 1980. Marshall J. Seidman, Professor. B.S., University of Pennsylvania, 1947; J.D., Harvard University, 1950; LL.M., 1970. Kenneth M. Stroud, Professor. A.B., Indiana University, 1958; J.D., 1961. James W. Torke, Professor. B.S., University of Wisconsin, 1963; J.D., 1968. R. Bruce Townsend, Professor of Jurisprudence (on leave, second semester, 1980-81). A.B., Coe College, 1938; J.D., University of Iowa, 1940. James Patrick White, Professor (on special assignment). A.B., University of Iowa, 1953; J.D., 1956; LL.M., George Washington University, 1959. LAWRENCE P. Wilkins, Associate Professor. B.A., The Ohio State University, 1968; J.D., Capital University Law School, 1973; LL.M., University of Texas School ofLaw, 1974. HAROLD R. Woodard, Professional Lecturer. B.S., Harvard University; 1933; J.D., 1936. Willam J. Woodward, Assistant Professor. B.A., University of Pennsylvania, 1968; J.D., Rutgers-Camden, 1975. Richard A. Lord, Visiting Professor. B.A., Alfred University 1971; J.D., Memphis State University, 1975; LL.M., Yale Law School, 1976. Emeriti CLEON H. FOUST, Professor Emeritus. A.B., Wabash College, 1928; J.D., University of Arizona, 1933. JOHN S. GRIMES, Professor of Jurisprudence Emeritus. A.B., Indiana University, 1929; J.D., 1931. Legal Writing Instructions Philip B. Davis, Lecturer. B.A., Middlebury College, 1975; J.D., University of New Mexico School of Law, 1978. SUSANAH M. MEAD, Lecturer. B.A., Smith College, 1969; J.D., Indiana University, 1976. JOAN RUHTENBERG. Lecturer. B.A., Mississippi University for Women, 1959; J.D., Indiana University, 1980. Law Library Staff Wendell E. Johnting, Technical Services Librarian. A.B., Taylor University, 1974; M.L.S., Indiana University, 1975. LAURA KiMBERLY, Visiting Librarian. B.A., Florida State University, 1977; M.S., Florida State University, 1980. Christine L. Stevens, Reference Librarian. A.B., Western Michigan University, 1970; M.L.S. Indiana University, 1971. KATHY L. Welker, Assistant Director (on leave, 1980-81). A.B., Huntington College. 1969; M.L.S., Indiana University. 1972. MERLIN P. Whiteman, Reader's Service Librarian. A.B., Hope College. 1973; M.L.S., Indiana University, 1974. ERRATA p. 278 "read" should be "recite" p. 289 fn 238 "12200" should be "12-200"