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"I don't think this will lead to any particular increase in litigation," Professor Feldman added.
When towns are challenged, "they very frequently give way on legal battles about property taxes and zoning, in order to avoid the costs of litigation," Professor Netzer said.
"It gives rise to this unbelievable world that I was shocked to learn about, and I'm not easily shocked in litigation," Professor Issacharoff said.
"The most strategic approach was to look at state action, not federal action, because a United States Supreme Court and federal judiciary dominated by Republican appointees did not provide a very favorable risk analysis for litigation," Professor Pinello said.
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But the litigation will not stop, Professor Steiker said.
"For that reason, this is a decisive moment in the litigation," said William Kovacic, a professor at the George Washington University law school.
"I think something that hasn't been explored much is the extent to which the financial services industry has exposure to litigation risk in securitizations," Professor Engel said.
"What you want is a market that can promote innovation and reduce the huge costs of litigation," said Robert P. Merges, a professor at the University of California, Berkeley and a director of the Berkeley Center for Law and Technology.
The truth is, nobody yet knows how corporate blogging will evolve.This caveat is especially important because it is probably "only a matter of time" before a serious blogging embarrassment leads to litigation, says Joseph Grundfest, a professor at Stanford Law School and a former commissioner at the Securities and Exchange Commission.
The new law "has produced a torrent of litigation," said Alan C. Weinstein, a professor of law and urban studies at Cleveland State University, "We've seen easily 30 to 40 cases filed, and in terms of disputes another 30 or 40 are churning along at some level".
"I believe they're really using arbitration as a way of avoiding class action litigation," said Theodore Eisenberg, a law professor at Cornell.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com